Suburb Profile Report for Drummoyne NSW (2047)

Drummoyne House: Median price $2,060,000, Annual capital growth 9.93%, Number of sales 76, Weekly median advertised rent $900

Drummoyne Unit: Median price $1,075,000, Annual capital growth 7.40%, Number of sales 150, Weekly median advertised rent $615

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Drummoyne have tracked just higher than the NSW average of 7.28% over the last 12 months.

The five-year average increase in median property values for Drummoyne,2047 has given property investors a potential capital gain of 83.52% across each of those five years.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Drummoyne itself are offering an average vendor discount of -7.14% to real estate investors.

Drummoyne is 1124th on a list of best yielding suburbs for rents in NSW with a 2.27% return

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 15.90%.

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.

Property buyers and investors in Drummoyne 2047 should be seeing an average reduction in asking price of around -6.41% . This means that Drummoyne is holding prices well when compared to other suburbs in NSW.

With the median price for a house in Drummoyne being $1075000 and the advertised rent reaching $615 the gross rental yield for property investors calculates out to be 2.97%

Metrics i HOUSE UNIT
$2,060,000 $1,075,000
5.24% 7.50%
9.87% 15.90%
9.93% 7.40%
$900 $615
76 150
2.27% 2.97%
54.55 38.48

Source: CoreLogic

DSR Score for property investment : Good (U), 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
Chart Table
Recent sales & rentals