Suburb Profile Report for Drysdale VIC (3222)

Drysdale House: Median price $390,000, Annual capital growth 4.67%, Number of sales 66, Weekly median advertised rent $315

Drysdale Unit: Median price $297,000, Annual capital growth 2.78%, Number of sales 31, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2257th in the list of Australian suburbs ordered by increase in median house value over the last year, Drysdale, 3222 is in the BOTTOM 50% with a property value increase of 3.45% recorded in median house prices.

Across a shorter period, Drysdale, 3222 has seen a median price increase of 2.63% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Drysdale, 3222. Typically our figures indicate that -6.04% is being offered, which puts this VIC suburb at 1838th most discounted overall in Australia.

Often selling an investment property can take time, and in Drysdale the average time real estate has been on the market is 112.79 days.

Using the current median advertised rental of $315 and the average annual increase in value of a median property of 4.67%, investors should hope to achieve an overall return of 4.20%

Property investors who have had real estate in Drysdale, 3222 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -6.16%

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

Property buyers and investors in Drysdale 3222 should be seeing an average reduction in asking price of around -5.77% . This means that Drysdale is holding prices well when compared to other suburbs in VIC.

In the last year 31 properties changed hands in Drysdale, which puts it as the 251th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Drysdale being $297000 and the advertised rent reaching $270 the gross rental yield for property investors calculates out to be 4.73%

HOUSE UNIT
$390,000 $297,000
2.63% -1.98%
3.45% -6.16%
4.67% 2.78%
$315 $270
66 31
4.20% 4.73%
112.79 117.2

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 4316
Median household income ($/weekly) 980
Median age of persons 45
Median housing loan repayment ($/monthly) 1517
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 566 13.1
    35-44 years 508 11.8
    45-54 years 611 14.2
    55-64 years 586 13.6
    65-74 years 451 10.4
    Others 1594 36.9
    Age Group
    Census Count Percent(%)
    Registered Married 1810 57.8
    Not Married 1131 36.1
    Defacto Relationship 189 6.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 3546 86.1
    Greece 30 0.7
    New Zealand 38 0.9
    United Kingdom 321 7.8
    Other 39 0.9
    Others 143 3.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 28 0.7
    Christianity 2849 72.9
    Islam 4 0.1
    Other Religious Groups 15 0.4
    No Religion 1010 25.8
    Others 3 0.1
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 133 9.7
    $400-$599 201 14.7
    $600-$799 150 10.9
    $800-$999 131 9.6
    $1,500-$1,999 163 11.9
    Others 593 43.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1504 44.2
    Employed, worked full-time 1021 30.0
    Employed, worked part-time 694 20.4
    Employed, away from work 103 3.0
    Unemployed, looking for work 84 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 201 11.1
    Professionals 301 16.6
    Technicians & trades workers 340 18.7
    Community & personal service workers 215 11.8
    Clerical & administrative workers 267 14.7
    Others 494 27.2
    Occupation
    Census Count Percent(%)
    Pre-school 64 6.5
    Infants/Primary 361 36.4
    Secondary 335 33.8
    Technical or Further Educational Institution 83 8.4
    University or other Tertiary Institutions 110 11.1
    Others 39 3.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3596 91.7
    Semi-detached, row or terrace house, townhouse 192 4.9
    Flat, unit or apartment 134 3.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 722 47.9
    Being purchased 563 37.4
    Rented 222 14.7
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals