Suburb Profile Report for Drouin VIC (3818)

Drouin House: Median price $347,000, Annual capital growth 4.59%, Number of sales 258, Weekly median advertised rent $310

Drouin Unit: Median price $251,000, Annual capital growth 2.49%, Number of sales 40, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$347,000 $251,000
2.06% 1.41%
7.18% 2.45%
4.59% 2.49%
$310 $265
258 40
4.65% 5.49%
80 81.69

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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Recent sales & rentals