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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


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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 1 of 1 investment properties found in Ormond on realestateinvestar.com.au

12 Wheeler St, Ormond

$3,900,000

property pic

A New Statement of Family Perfection

Expressions of Interest closing Tuesday 10th February at 4pm Indulge in the unrivalled luxury of this remarkable new five bedroom four bathroom poolside showpiece. Sitting elevated on a glorious 763 sqm approx. of landscaped gardens, that uses herringbone parquetry European Oak flooring, soft ...

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5

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4

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House

VIC 3204


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