Market snapshot
Suburb insights for Ormond3204
Change suburbOrmond is located 12 km south-east of the CBD a small residential suburb centred on North Road and Frankston railway line. A significant retail area along North Road Ormond Shopping Centre provides specialty shopping and offices. Ormond Railway Station is located in the centre and a bus route travels through the suburb. The suburb has a number of parks including EE Gunn Reserve and Tucker Reserve.
Sales data
Median sale price
$1.8mil
Annual price change
-2.5%
Metro Melbourne Comparison
$916k
-3.2%
| Bedrooms | Ormond | Metro comparison |
|---|---|---|
| 2 | $1,238,000 | $902,000 |
| 3 | $1,620,000 | $807,500 |
| 4 | $1,820,000 | $950,000 |
| Insight | Ormond | Metro comparison |
|---|---|---|
| Clearance rate | 69% | 73.3% |
| Days on market | 36 | 42 |
Rental data
Median weekly rent
$700
Rental yield
2%
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | Ormond | Metro comparison |
|---|---|---|
| 2 | $565 | $560 |
| 3 | $700 | $550 |
| 4 | $978 | $595 |
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