Ivanhoe vs Ormond
Property investment comparison - Ivanhoe, VIC 3079 vs Ormond, VIC 3204
Head-to-head across core investment metrics: Ivanhoe wins 4, Ormond wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Ivanhoe | Ormond |
|---|---|---|
| Median house price | $1.8M | $1.8M |
| Median unit price | $750K | $720K |
| Gross rental yield (houses) | - | 2.59% |
| Gross rental yield (units) | 4.15% | 4.06% |
| 1-year house growth | -2.9% | -5.0%estimate |
| 3-year house growth | +12.1% | - |
| Vacancy rate | 1.2% | 1.9% |
| Population | 13,374 | 8,328 |
Ivanhoe vs Ormond: what the numbers say
The median house price is $1.8M in Ivanhoe and $1.8M in Ormond, so Ivanhoe is the cheaper entry point, with Ormond houses about 1% dearer.
For units, Ivanhoe sits at a median of $750K against $720K in Ormond, which makes Ormond the more affordable unit market and Ivanhoe the pricier one.
Over the past year house prices moved -2.9% in Ivanhoe and -5.0% in Ormond (an estimate), so recent momentum favours Ivanhoe, while Ormond went backwards.
Rental vacancy is 1.2% in Ivanhoe and 1.9% in Ormond, so landlords in Ivanhoe face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Ivanhoe is the bigger suburb, with a population of 13,374 against 8,328, larger than Ormond; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ivanhoe for a lower purchase price, Ivanhoe for recent price momentum, Ivanhoe for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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