At number 1596th in the list of Australian suburbs ordered by increase in median house value over the last year, Drouin, 3818 is in the top 40% with a property value increase of 7.18% recorded in median house prices.
Drouin,3818 has offered an average of 7.18% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.91% offered to property buyers. Sellers in Drouin itself are offering an average vendor discount of -3.48% to real estate investors.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of 4.59%, investors should hope to achieve an overall return of 4.65%
Over the last year, property investments in Drouin, 3818 have given investors a capital gain of 2.45%. This compares averagely with the 3.49% for VIC as a whole.
Over the longer term, Drouin has seen property prices show investors a 6.81% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Drouin is $251000, with sellers offering an average of -6.03% off the asking price.