Ombersley vs Ormond
Property investment comparison - Ombersley, VIC 3241 vs Ormond, VIC 3204
Head-to-head across core investment metrics: Ombersley wins 3, 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 | Ombersley | Ormond |
|---|---|---|
| Median house price | $1.8M | $1.8M |
| Median unit price | $365K | $720K |
| Gross rental yield (houses) | 1.60% | 2.59% |
| Gross rental yield (units) | 5.53% | 4.06% |
| 1-year house growth | - | -5.0%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.5% | 1.9% |
| Population | 93 | 8,328 |
Ombersley vs Ormond: what the numbers say
Houses cost about the same in both suburbs: the median house price is $1.8M in Ombersley and $1.8M in Ormond.
For units, Ombersley sits at a median of $365K against $720K in Ormond, which makes Ombersley the more affordable unit market and Ormond the pricier one.
On cash flow, Ormond leads: houses there return a gross rental yield of 2.59%, compared with 1.60% in Ombersley, a gap of 0.99 percentage points.
Rental vacancy is 0.5% in Ombersley and 1.9% in Ormond, so landlords in Ombersley face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Ormond is the bigger suburb, with a population of 8,328 against 93, roughly 90 times the size of Ombersley; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ormond for rental income, Ombersley 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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