Suburb Profile Report for Ormond VIC (3204)

Ormond House: Median price $1,480,000, Annual capital growth 10.06%, Number of sales 54, Weekly median advertised rent $575

Ormond Unit: Median price $510,000, Annual capital growth 5.37%, Number of sales 75, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Ormond, 3204 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 23.33%

Ormond,3204 has offered an average of 23.33% return per annum in house price rises to property investors over the last three years.

Vendor discounting in Ormond is giving property investors an average Vendor Discount of around -6.18%. This puts suburb at number 255th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Ormond the average time real estate has been on the market is 90 days.

Property investors should expect to get $575 weekly from the median priced house in this suburb.

Property investors who have had real estate in Ormond, 3204 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.66%

When looking at the potential capital gains offered to property investors over the last 3 years, Ormond comes in at number 276th in VIC.

Vendor discounting in Ormond is giving property investors an average Vendor Discount of around -4.69%. This puts suburb at number 186th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 6.25 sales per month, which equates to 75 per year.

With the median price for a house in Ormond being $510000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 3.57%

HOUSE UNIT
$1,480,000 $510,000
-1.33% -0.24%
23.33% 3.66%
10.06% 5.37%
$575 $350
54 75
2.02% 3.57%
90 53.14

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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
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Recent sales & rentals