Ormond

Ormond, VIC 3204 has a diverse population with a mix of age groups, from young families to older residents. The suburb offers a range of commuting options, with a significant percentage working from home. The majority of residents commute by motor vehicle, while a notable proportion use public transport. The suburb has a high ICSEA value, indicating an advantage in educational opportunities for students attending government schools. Ormond presents opportunities for both house and unit investors. The suburb has a relatively low vacancy rate, indicating strong demand for rental properties. With a moderate market absorption rate, there is potential for property prices to increase. Homeowners interested in renovating may find the suburb appealing, especially those focusing on units due to the high sale yield and consistent rental demand. Ormond, VIC 3204, is a vibrant suburb with good investment potential for both houses and units. With its diverse demographics, strong rental demand, and convenient commuting options, the suburb appeals to a wide range of residents. Investors looking for opportunities in a suburb with room for growth should consider Ormond. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022