Suburb Profile Report for Drummoyne NSW (2047)

Drummoyne House: Median price $1,962,500, Annual capital growth 9.09%, Number of sales 78, Weekly median advertised rent $900

Drummoyne Unit: Median price $953,250, Annual capital growth 5.65%, Number of sales 130, Weekly median advertised rent $600

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

Source: CoreLogic

  • House Report
  • Unit Report

NSW has seen average median house prices change by 7.15% which means that Drummoyne, 2047 has done well for property investors by showing a capital gain of 16.21% over the last year

Across a shorter period, Drummoyne, 2047 has seen a median price increase of 1.58% over the last quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Drummoyne itself are offering an average vendor discount of -4.81% to real estate investors.

At number 877 in a list of fastest selling suburbs, Drummoyne is in the TOP 30% of suburbs in Australia with an average of days on market 58.39 for properties listed there.

NSW has seen average median house prices change by 6.59% which means that Drummoyne, 2047 has done well for property investors by showing a capital gain of 3.61% over the last year

While Drummoyne,2047 ranked number 479th in NSW for increase in median house value (annualised) increase, it is ranked 232th over the last 5 years.

Property investors looking for a bargain in Drummoyne should be aiming for at least -6.21% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Drummoyne have been waiting around 37.6 days to sell a property.

Drummoyne is 512th on a list of best yielding suburbs for rents in NSW with a 3.27% return

HOUSE UNIT
$1,962,500 $953,250
1.58% -3.22%
16.21% 3.61%
9.09% 5.65%
$900 $600
78 130
2.38% 3.27%
58.39 37.6

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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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