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.
Recent sales and auction results in Ormond
| Address | Bedrooms | Price | Type | Method | Sale Date | Agent | Listing |
|---|---|---|---|---|---|---|---|
| 1-8/24 Walsh St, Ormond | 16 |  | Block of Apartments | Auction Sale | 18/07/2024 | Ray White Carnegie | View |
Sales data
Median sale price
$1.7mil
Quarterly price change
-3.7%
Metro Melbourne Comparison
$912k
-1.5%
| Bedrooms | Ormond | Metro comparison |
|---|---|---|
| 2 | $1,216,000 | $902,500 |
| 3 | $1,662,500 | $810,000 |
| 4 | $1,975,000 | $955,000 |
| Insight | Ormond | Metro comparison |
|---|---|---|
| Clearance rate | 77.3% | 73.8% |
| Days on market | 37 | 42 |
Rental data
Median weekly rent
$700
Rental yield
2%
Metro Melbourne Comparison
$560
3.2%
| Bedrooms | Ormond | Metro comparison |
|---|---|---|
| 2 | $550 | $550 |
| 3 | $700 | $540 |
| 4 | $925 | $580 |
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