Get a property report and suburb profile for any property in Ormond

Ormond is a quiet, tree-lined bayside suburb with a residential, family-oriented feel. Streets are anchored by interwar and postwar single-fronted homes and brick bungalows, with pockets of renovated cottages and contemporary townhouses near the main roads. The shopping strip around North Road and Ormond station supplies cafes and everyday services, EE Gunn Reserve provides sports ovals, a playground and shared paths, and the nearby bay offers additional outdoor options. Regular trains on the Frankston line make city access straightforward; the rail line has been lowered into a trench and the rebuilt Ormond station is fully accessible. The area is covered by the Train and Tram Zone Activity Centres Program and a Stage 2 plan that sets a vision for North Road as the suburb’s main street, with urban design guidance for the core.

Households are weighted towards families: couple families with children make up 50.9% and together couple families account for 83.9% of families. Ormond is home to 8,328 people, with a median age of 37 and a typical household income of $2,062 a week (about $107,224 a year). About three in five homes are owner-occupied and renters make up 38.1%. That mix makes Ormond a settled, bayside option for people who value local schools, parks, shops and convenient train links; whether it suits you depends on what you want from a suburb.

House prices in Ormond work out to about 15.0 times a typical local household's annual income at the last Census, based on a weekly household income of $2,062, which puts buying a house well above local incomes. Units at $602,500 are about 5.6 times a local year's household income, which is somewhat above local incomes. Looking at rents, a house at $973 a week would take roughly 47.2% of a typical local household's weekly income at the last Census, a large share, while a unit at $520 a week would take about 25.2%, a moderate share. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

House rents in Ormond jumped 14.5% over the past 12 months, a large rise, while house values edged up 0.7% over the same period. In other words, the rent a house earns has increased far faster than its price this year.

Units show a similar split: unit rents rose 9.5% (a solid increase) while unit values edged up 1.8%. For someone weighing Ormond up as an investment, these figures show rental income has been the stronger performer over the last year, while capital growth has been modest — whether that balance suits your goals and circumstances is for you to weigh up.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.