Suburb Profile Report for Ormond VIC (3204)

Ormond House: Median price $1,380,500, Annual capital growth 7.13%, Number of sales 48, Weekly median advertised rent $650

Ormond Unit: Median price $600,000, Annual capital growth 5.69%, Number of sales 40, Weekly median advertised rent $405

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

VIC has seen average median house prices change by -1.79% which means that Ormond, 3204 has not done well for property investors by showing a capital gain of -18.31% over the last year

Taking the average capital gain, or increase in median house value, Ormond,3204 has racked up an average of -18.31% over the period. This ranks it number 3526th in the whole country for real estate investors looking at median house price increases.

Giving property investors a an average capital gain of -3.23% for the last year, Ormond, 3204 is the 828th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ormond has increased when compared to the 5 year average annual rate.

Ormond, 3204 is offering VIC ‘s 178th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.

Ormond is 290th on a list of best yielding suburbs for rents in VIC with a 3.51% return

Metrics i HOUSE UNIT
$1,380,500 $600,000
-6.41% -11.24%
-18.31% -3.23%
7.13% 5.69%
$650 $405
48 40
2.45% 3.51%
59.2727272727273 74.7727272727273

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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
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