Investment property in Drouin has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.94%
Comparing Drouin,3818 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -3.55% to buyers in Drouin at the moment, which is less than average for the rest of VIC.
In the last year 277 properties changed hands in Drouin, which puts it as the 69th most active market in VIC when comparing the number of sales per suburb.
A $315 per week rent on the median house gives suburb investors a gross yield of circa 4.61%, without taking into account capital value appreciation, which has been averaging out at 4.97%.
At number 507th in the list of Australian suburbs ordered by increase in median house value over the last year, Drouin, 3818 is in the top 30% with a property value increase of 8.16% recorded in median house prices.
Across a shorter period, Drouin, 3818 has seen a median price increase of 6.00% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Drouin itself are offering an average vendor discount of -5.95% to real estate investors.
Residents and property investors in Drouin have been waiting around 81.92 days to sell a property.
With the median price for a house in Drouin being $265000 and the advertised rent reaching $265 the gross rental yield for property investors calculates out to be 5.20%