Ormond is a mid-sized suburb in Victoria within the Glen Eira local government area (postcode 3204). With a population of 8,328, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $107K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Ormond is $1.9 million, having increased 2.8% over the past year. Units have a median price of $585,000 (-1.8% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,252.
Ormond is served by 4 schools, including 2 primary, 2 combined. The average ICSEA score is 1107, which is well above the national average of 1,000. Public transport access includes 3 rail stations, 31 bus stops. The crime rate in the Glen Eira LGA is moderate at 4,737 incidents per 100,000 population.
From an investment perspective, Ormond offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 17.3x is considered stretched. House prices have moved +2.8% year-on-year.
Ormond is a mid-sized suburb in Victoria within the Glen Eira local government area (postcode 3204). With a population of 8,328, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $107K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Ormond is $1.9 million, having increased 2.8% over the past year. Units have a median price of $585,000 (-1.8% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,252.
Ormond is served by 4 schools, including 2 primary, 2 combined. The average ICSEA score is 1107, which is well above the national average of 1,000. Public transport access includes 3 rail stations, 31 bus stops. The crime rate in the Glen Eira LGA is moderate at 4,737 incidents per 100,000 population.
From an investment perspective, Ormond offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.9M/$875K), placing it in the premium segment. The price-to-income ratio of 17.3x is considered stretched. House prices have moved +2.8% year-on-year.