Suburb Profile Report for Drummoyne NSW (2047)

Drummoyne House: Median price $1,932,000, Annual capital growth 9.10%, Number of sales 75, Weekly median advertised rent $900

Drummoyne Unit: Median price $995,000, Annual capital growth 6.00%, Number of sales 125, Weekly median advertised rent $600

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Drummoyne is in the TOP 20% in NSW when comparing median price capital growth over the last year. Drummoyne gave property investors a very good capital gain figure when compared to the rest of the state, with 15.14%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Drummoyne has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Drummoyne is offering property investors an average of -5.55. This rate of discount on properties puts Suburb at number 713th in terms of most discounted suburbs in NSW

Renters in Suburb are facing rents around $10800 per annum or $900 every week.

Property investors who have had real estate in Drummoyne, 2047 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 9.34%

Over the longer term, Drummoyne has seen property prices show investors a 36.86% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Drummoyne is giving property investors an average Vendor Discount of around -5.03%. This puts suburb at number 146th in NSW when ranking the most discounted suburbs.

HOUSE UNIT
$1,932,000 $995,000
0.00% 8.15%
15.14% 9.34%
9.10% 6.00%
$900 $600
75 125
2.42% 3.14%
54.64 37.91

Source: CoreLogic

DSR Score for property investment : Very good (U), Very good (H)
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Demographics
Total population 11377
Median household income ($/weekly) 2148
Median age of persons 39
Median housing loan repayment ($/monthly) 2760
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 998 8.8
    25-34 years 1980 17.4
    35-44 years 1994 17.5
    45-54 years 1466 12.9
    55-64 years 1309 11.5
    Others 3631 31.9
    Age Group
    Census Count Percent(%)
    Registered Married 3895 46.8
    Not Married 3337 40.1
    Defacto Relationship 1083 13.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7388 70.4
    Japan 302 2.9
    Papua New Guinea 292 2.8
    United Kingdom 571 5.4
    Other 454 4.3
    Others 1480 14.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 239 2.3
    Christianity 7379 72.4
    Hinduism 97 1.0
    Islam 103 1.0
    No Religion 2278 22.3
    Others 100 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 448 11.1
    $2,000-$2,499 318 7.9
    $2,500-$2,999 709 17.5
    $3,000-$3,499 346 8.6
    $4,000 or more 537 13.3
    Others 1688 41.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4237 48.6
    Not in the labour force 2455 28.2
    Employed, worked part-time 1499 17.2
    Employed, away from work 319 3.7
    Unemployed, looking for work 211 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 1344 22.2
    Professionals 2184 36.1
    Technicians & trades workers 414 6.8
    Clerical & administrative workers 889 14.7
    Sales 490 8.1
    Others 734 12.1
    Occupation
    Census Count Percent(%)
    Pre-school 187 8.7
    Infants/Primary 674 31.4
    Secondary 452 21.0
    Technical or Further Educational Institution 177 8.2
    University or other Tertiary Institutions 574 26.7
    Others 85 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4451 43.8
    Flat, unit or apartment 3965 39.0
    Semi-detached, row or terrace house, townhouse 1720 16.9
    House or flat attached to a shop, office 21 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1584 36.2
    Fully owned 1474 33.7
    Being purchased 1295 29.6
    Other tenure type 27 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals