Suburb Profile Report for Drouin VIC (3818)

Drouin House: Median price $355,000, Annual capital growth 5.01%, Number of sales 272, Weekly median advertised rent $315

Drouin Unit: Median price $266,000, Annual capital growth 2.86%, Number of sales 39, Weekly median advertised rent $265

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

Source: CoreLogic

  • House Report
  • Unit Report

Drouin, 3818 ranked 338th in VIC when comparing growth in median property values or capital gain over the last 12 months. Drouin is one of 2098 in our list for VIC

Drouin,3818 has offered an average of 9.23% return per annum in house price rises to property investors over the last three years.

Drouin, 3818 is offering VIC ‘s 509th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this VIC.

With the median price for a house in Drouin being $355000 and the advertised rent reaching $315 the gross rental yield for property investors calculates out to be 4.61%

Drouin is in the TOP 30% in VIC when comparing median price capital growth over the last year. Drouin gave property investors a good capital gain figure when compared to the rest of the state, with 8.57%.

Comparing Drouin,3818 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Vendor discounting in Drouin is giving property investors an average Vendor Discount of around -6.16%. This puts suburb at number 72th in VIC when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Drouin the average time real estate has been on the market is 75.26 days.

Advertised rents are around the $265 mark per week – giving a return of 5.18% based on the median price in Suburb

Metrics i HOUSE UNIT
$355,000 $266,000
1.87% 6.40%
9.23% 8.57%
5.01% 2.86%
$315 $265
272 39
4.61% 5.18%
79.73 75.26

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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