Suburb Profile Report for Ormond VIC (3204)

Ormond House: Median price $1,550,000, Annual capital growth 9.73%, Number of sales 67, Weekly median advertised rent $610

Ormond Unit: Median price $518,250, Annual capital growth 5.51%, Number of sales 73, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 19.23% for the last 12 months, Ormond, 3204 has performed for property investments than its average annual 9.73% property growth over the last 5 years.

Over the longer term, Ormond has seen property prices show investors a 59.79% return over the last 3 years. This is worse than over the last 12 months

Ormond3204 is located in VIC which offers an average discount of -6.03% to property investors. Ormond itself is showing figures that indicate -5.00% is the average achievable by property buyers investing in the suburb.

Property investors should expect to get $610 weekly from the median priced house in this suburb.

With a capital gain of 5.44% for the last 12 months, Ormond, 3204 has performed for property investments than its average annual 5.51% property growth over the last 5 years.

Over the longer term, Ormond has seen property prices show investors a 3.65% return over the last 3 years. This is an improvement over the last 12 months

The most recent median price for Ormond is $518250, with sellers offering an average of -7.82% off the asking price.

A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.61%, without taking into account capital value appreciation, which has been averaging out at 5.51%.

HOUSE UNIT
$1,550,000 $518,250
3.33% -3.49%
19.23% 5.44%
9.73% 5.51%
$610 $360
67 73
2.05% 3.61%
95.47 67.6

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 7710
Median household income ($/weekly) 1436
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 976 12.7
    25-34 years 1328 17.2
    35-44 years 1252 16.2
    45-54 years 1073 13.9
    55-64 years 758 9.8
    Others 2323 30.1
    Age Group
    Census Count Percent(%)
    Registered Married 2892 48.9
    Not Married 2574 43.6
    Defacto Relationship 443 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4613 62.2
    Croatia 339 4.6
    Indonesia 526 7.1
    United Kingdom 254 3.4
    Other 692 9.3
    Others 989 13.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 196 2.7
    Christianity 3453 48.4
    Hinduism 460 6.4
    Judaism 812 11.4
    No Religion 2052 28.7
    Others 167 2.3
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 228 8.3
    $1,000-$1,249 226 8.2
    $1,500-$1,999 355 12.9
    $2,000-$2,499 228 8.3
    $2,500-$2,999 289 10.5
    Others 1426 51.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2573 42.6
    Not in the labour force 1713 28.4
    Employed, worked part-time 1324 21.9
    Unemployed, looking for work 232 3.8
    Employed, away from work 195 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 575 14.1
    Professionals 1359 33.2
    Technicians & trades workers 404 9.9
    Clerical & administrative workers 619 15.1
    Sales 380 9.3
    Others 755 18.5
    Occupation
    Census Count Percent(%)
    Pre-school 133 6.5
    Infants/Primary 663 32.2
    Secondary 470 22.8
    Technical or Further Educational Institution 180 8.7
    University or other Tertiary Institutions 544 26.4
    Others 70 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4377 59.1
    Flat, unit or apartment 2032 27.4
    Semi-detached, row or terrace house, townhouse 918 12.4
    House or flat attached to a shop, office 80 1.1
    Improvised home, tent, sleepers out 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1138 38.6
    Being purchased 936 31.7
    Fully owned 864 29.3
    Other tenure type 14 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals