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.