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Investment Property Ormond, VIC, 3204

Suburb Snapshot

Ormond is a suburb in the Glen Eira Region of Victoria. Ormond has a population of 8,415 people and 36.09% of its occupants live in rental accommodation. The median listing price for houses is $1,550,000 and this has changed -5.35% over the past year and changed -6.07% over 2 years.

The median rent in Ormond for houses is $725 per week and the median rental yield is 2.43%. Stock on the market for houses/townhouses has changed 23.08% compared to last year and the average time to sell a house/townhouse is 42 days.The median listing price for units is $532,500 and this has changed 6.50% over the past year. The average unit takes 94 days to sell and the median rent for a unit in Ormond is $450 per week, producing a rental yield of 4.39%.

Supply & Demand in Ormond, Glen Eira

1.42%

Current vacancy rate


56

Rental stock available


8,415

Population


36.09%

Rental population


1.14%

Current vacancy rate


790

Rental stock available


140,876

Population


30.13%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Ormond, Glen Eira

  House Townhouses Units
Median listing price $1,550,000 $1,100,000 $532,500
Median price change - last quarter -6.07% 0.00% 0.00%
Median price change - 1 year -5.35% 0.00% 6.50%
Median price change - 2 years -6.07% -7.95% 6.50%
  House Townhouses Units
Median weekly rent $725 $900 $450
Median yield % 2.43% 4.25% 4.39%
Median rent change - 1 year 1.39% 5.88% 1.12%
  House Units
Previous month sales 4 4
Stock on market previous month 16 30
Stock variance vs. last year 23.08% 7.14%
Average days on market 42 94

Ormond investment property listings

Showing 5 of 76 investment properties found in Ormond on realestateinvestar.com.au

15A Wicklow St, Ormond

$1,999,000

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Standout Ruby Jaxon Build in the Mckinnon School Zone

Renown builders Ruby Jaxon have delivered this home with a level of care, calibre of appointment and standard of finish that's seldom seen in brand new homes. Benefitting from its own independent parcel that yields the presence of a full-sized home without the maintenance, this distinctive dual ...

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House

VIC 3204


669-677 North Rd, Ormond

$3,000,000

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Landmark Site for a New Residential Benchmark

An eye-catching opportunity at the landmark intersection of North Rd and Koornang Rd, this approx. 1,195sqm of land property is ready to rewrite history. Recognised by its grand red-brick industrial building and prominent shopfront presence, this high-profile site presents exceptional scope for a ...

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Block

VIC 3204


8/50 Lillimur Rd, Ormond

$300,000

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Bright & Comfortable Near the Station

Just north of the station making it perfect for commuters & students, whilst also delivering a quality postcode for investors, this neat as a pin apartment offers the ultimate in low maintenance ease ideally suited to a lock & leave lifestyle. Set right to the rear of the block, the ground-floor ...

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Unit

VIC 3204


N/A, Ormond

$780,000

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Sky-High Living In the Zone, Opposite the Station

Photo ID required at all open for inspections. Disclaimer: We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, ...

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Unit

VIC 3204


38 Thompson St, Ormond

$1,650,000

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Move In & Relax In The McKinnon School Zone

In the McKinnon Secondary College zone, this single-level home makes a compelling case for settling in and not moving again. The proportions are generous, the layout is well planned, and outside, established gardens wrap around a solar-heated pool that will carry you through every summer ahead. ...

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House

VIC 3204


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