All About Ormond, Glen Eira, VIC, 3204

The housing market in Ormond, a suburb in the Glen Eira region of Victoria, Australia, is characterized by a strong demand, driven by its appealing location, family-friendly amenities, and connectivity. Ormond has seen steady growth in property values over recent years, reflecting a broader trend within Melbourne's real estate market. The suburb offers a mix of housing options, from charming period homes and spacious houses ideal for families to modern apartments that cater to young professionals and downsizers. Buyers are drawn to Ormond's attractive tree-lined streets and its proximity to various educational institutions, making it particularly popular among families seeking quality education options. The presence of well-maintained parks, recreational facilities, and the vibrant local cafes and shops add to its appeal, fostering a community-oriented atmosphere.

Living in Ormond provides a balance of suburban tranquility and easy access to urban conveniences. The suburb is known for its pleasant and peaceful environment, making it an ideal place for families and individuals seeking a quieter lifestyle while remaining connected to the city. Commuting is convenient, with Ormond station providing a quick train ride to Melbourne's central business district, enhancing its appeal for working professionals. The community is diverse and active, with a range of local events and activities that enrich the social fabric of the area. Residents enjoy the blend of cultural dining options and boutique shops that cater to a variety of tastes and preferences. Overall, Ormond offers a welcoming and comfortable living experience, characterized by its sense of community and its balance between lively local attractions and serene residential living.

Ormond Real Estate Market Outlook

Thinking about buying in Ormond? Now could not be a better time, with 4849 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,573,000 with prices in this suburb ranging from $279,000 to $87,530,000. Ormond is located fairly close to the coast at just 3Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Consistent high demand relative to supply is a key feature in Ormond driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Ormond ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Ormond classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Ormond necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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