Suburb Profile Report for Drouin VIC (3818)

Drouin House: Median price $365,000, Annual capital growth 5.32%, Number of sales 298, Weekly median advertised rent $320

Drouin Unit: Median price $290,000, Annual capital growth 4.14%, Number of sales 47, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Drouin, 3818 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 8.96%.

Over the longer term, Drouin has seen property prices show investors a 19.67% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Drouin is $365000, with sellers offering an average of -3.13% off the asking price.

Residents and property investors in Drouin have been waiting around 70.87 days to sell a property.

Situated 85.98km from the CBD, Drouin is one of Baw Baw localities in the postcode 3818.

Giving property investors a a solid capital gain of 18.37% for the last year, Drouin, 3818 is the 191th highest performer in Australia in this respect.

Drouin,3818 was ranked 102 in Australia by increase in median property value over the quarter.

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.87% offered to property buyers. Sellers in Drouin itself are offering an average vendor discount of -3.34% to real estate investors.

Drouin is 106th on a list of best yielding suburbs for rents in VIC with a 4.75% return

Metrics i HOUSE UNIT
$365,000 $290,000
2.82% 9.43%
8.96% 18.37%
5.32% 4.14%
$320 $265
298 47
4.56% 4.75%
70.87 70.58

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 9685
Median household income ($/weekly) 990
Median age of persons 39
Median housing loan repayment ($/monthly) 1500
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1194 12.3
    25-34 years 1196 12.3
    35-44 years 1168 12.1
    45-54 years 1193 12.3
    55-64 years 1146 11.8
    Others 3789 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 3520 50.7
    Not Married 2729 39.3
    Defacto Relationship 700 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 8226 88.3
    New Zealand 97 1.0
    Papua New Guinea 106 1.1
    United Kingdom 472 5.1
    Other 129 1.4
    Others 289 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 60 0.7
    Christianity 6133 70.2
    Islam 11 0.1
    Other Religious Groups 33 0.4
    No Religion 2481 28.4
    Others 20 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 471 14.5
    $600-$799 397 12.2
    $800-$999 324 9.9
    $1,000-$1,249 351 10.8
    $1,500-$1,999 444 13.6
    Others 1272 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2932 39.7
    Employed, worked full-time 2498 33.8
    Employed, worked part-time 1407 19.1
    Employed, away from work 295 4.0
    Unemployed, looking for work 253 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 601 14.3
    Technicians & trades workers 782 18.6
    Community & personal service workers 446 10.6
    Clerical & administrative workers 482 11.5
    Labourers 622 14.8
    Others 1266 30.2
    Occupation
    Census Count Percent(%)
    Pre-school 199 9.5
    Infants/Primary 762 36.5
    Secondary 610 29.2
    Technical or Further Educational Institution 250 12.0
    University or other Tertiary Institutions 192 9.2
    Others 74 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8337 92.3
    Semi-detached, row or terrace house, townhouse 383 4.2
    Flat, unit or apartment 221 2.4
    Caravan, cabin, houseboat 84 0.9
    House or flat attached to a shop, office 8 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1364 38.7
    Fully owned 1279 36.2
    Rented 872 24.7
    Other tenure type 14 0.4
    Tenure Type
Census 2011, ABS
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