Investment property in Ormiston has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.91%
A 17.72% growth in median value for property investors in Ormiston,4160 puts this suburb at number 282th in terms of best performing suburbs in QLD
With the median price for a house in Ormiston being $671000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 3.87%
At number 533th in the list of Australian suburbs ordered by increase in median house value over the last year, Ormiston, 4160 is in the top 40% with a property value increase of 9.49% recorded in median house prices.
Across a shorter period, Ormiston, 4160 has seen a median price increase of 14.32% over the last quarter.
On average over the past year, suburb has had 3.17 sales per month, which equates to 38 per year.
Advertised rents are around the $410 mark per week – giving a return of 4.99% based on the median price in Suburb