Suburb Profile Report for Dromana VIC (3936)

Dromana House: Median price $670,000, Annual capital growth 7.83%, Number of sales 193, Weekly median advertised rent $380

Dromana Unit: Median price $520,000, Annual capital growth 8.57%, Number of sales 39, Weekly median advertised rent $320

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Dromana has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.58%

Dromana,3936 was ranked 526 in Australia by increase in median property value over the quarter.

Sellers are offering property buyers an average discount of -5.48% to buyers in Dromana at the moment, which is less than average for the rest of VIC.

At number 797 in a list of fastest selling suburbs, Dromana is in the TOP 30% of suburbs in Australia with an average of days on market 50.65 for properties listed there.

Renters in Suburb are facing rents around $4560 per annum or $380 every week.

Dromana has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 24.55% to date .

The five-year average increase in median property values for Dromana,3936 has given property investors a potential capital gain of 31.65% across each of those five years.

Dromana, 3936 is offering VIC ‘s 223th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.

On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.

The VIC suburb of Dromana, 3936 is in the Mornington Peninsula local government area.

Metrics i HOUSE UNIT
$670,000 $520,000
5.93% 0.39%
18.58% 24.55%
7.83% 8.57%
$380 $320
193 39
2.95% 3.20%
50.65 57.4

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 5125
Median household income ($/weekly) 878
Median age of persons 49
Median housing loan repayment ($/monthly) 1500
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 514 10.0
    35-44 years 631 12.3
    45-54 years 661 12.9
    55-64 years 801 15.6
    65-74 years 755 14.7
    Others 1763 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 1889 47.9
    Not Married 1636 41.5
    Defacto Relationship 415 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3941 80.8
    Hong Kong 81 1.7
    Japan 84 1.7
    United Kingdom 334 6.8
    Other 122 2.5
    Others 316 6.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 65 1.4
    Christianity 3145 67.0
    Islam 25 0.5
    Other Religious Groups 24 0.5
    No Religion 1411 30.1
    Others 22 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 317 16.2
    $600-$799 241 12.3
    $800-$999 229 11.7
    $1,000-$1,249 194 9.9
    $1,500-$1,999 213 10.9
    Others 768 39.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1930 46.3
    Employed, worked full-time 1199 28.8
    Employed, worked part-time 774 18.6
    Employed, away from work 136 3.3
    Unemployed, looking for work 127 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 246 11.7
    Professionals 328 15.6
    Technicians & trades workers 407 19.3
    Clerical & administrative workers 269 12.8
    Sales 255 12.1
    Others 601 28.5
    Occupation
    Census Count Percent(%)
    Pre-school 72 8.5
    Infants/Primary 319 37.6
    Secondary 256 30.2
    Technical or Further Educational Institution 92 10.8
    University or other Tertiary Institutions 78 9.2
    Others 31 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4141 86.6
    Flat, unit or apartment 390 8.2
    Semi-detached, row or terrace house, townhouse 197 4.1
    Caravan, cabin, houseboat 48 1.0
    House or flat attached to a shop, office 7 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 932 44.1
    Rented 603 28.5
    Being purchased 566 26.8
    Other tenure type 14 0.7
    Tenure Type
Census 2011, ABS
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Recent sales & rentals