Ormond vs Ravenhall
Property investment comparison - Ormond, VIC 3204 vs Ravenhall, VIC 3023
Head-to-head across core investment metrics: Ormond wins 2, Ravenhall wins 2. 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 | Ormond | Ravenhall |
|---|---|---|
| Median house price | $1.8M | $1.8M |
| Median unit price | $720K | - |
| Gross rental yield (houses) | 2.59% | 1.66% |
| Gross rental yield (units) | 4.06% | 3.22% |
| 1-year house growth | -5.0%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 1.9% | 1.1% |
| Population | 8,328 | 2,295 |
Ormond vs Ravenhall: what the numbers say
The median house price is $1.8M in Ormond and $1.8M in Ravenhall, so Ravenhall is the cheaper entry point, with Ormond houses about 1% dearer.
On cash flow, Ormond leads: houses there return a gross rental yield of 2.59%, compared with 1.66% in Ravenhall, a gap of 0.93 percentage points.
Rental vacancy is 1.1% in Ravenhall and 1.9% in Ormond, so landlords in Ravenhall 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 2,295, roughly 3.6 times the size of Ravenhall; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Ormond for rental income, Ravenhall for a lower purchase price, Ravenhall 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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