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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 -6.07% over the past year and changed -6.07% over 2 years.

The median rent in Ormond for houses is $740 per week and the median rental yield is 2.48%. Stock on the market for houses/townhouses has changed -22.22% compared to last year and the average time to sell a house/townhouse is 69 days.The median listing price for units is $520,000 and this has changed 4.00% over the past year. The average unit takes 98 days to sell and the median rent for a unit in Ormond is $450 per week, producing a rental yield of 4.50%.

Supply & Demand in Ormond, Glen Eira

1.31%

Current vacancy rate


52

Rental stock available


8,415

Population


36.09%

Rental population


1.11%

Current vacancy rate


764

Rental stock available


140,876

Population


30.13%

Rental population


0.94%

Current vacancy rate


29,256

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 $1,150,000 $520,000
Median price change - last quarter -6.07% 0.00% 0.00%
Median price change - 1 year -6.07% 4.54% 4.00%
Median price change - 2 years -6.07% 0.21% 4.00%
  House Townhouses Units
Median weekly rent $740 $900 $450
Median yield % 2.48% 4.06% 4.50%
Median rent change - 1 year 2.77% 5.88% 4.65%
  House Units
Previous month sales 7 7
Stock on market previous month 21 30
Stock variance vs. last year -22.22% -3.23%
Average days on market 69 98

Ormond investment property listings

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