Dromana is in the bottom 40% in VIC when comparing median price capital growth over the last year. Dromana gave property investors a disappointing capital gain figure when compared to the rest of the state, with 6.79%.
If we look at median property appreciation over just the last three months, Dromana has given property investors a paper return of -1.24%. This puts Suburb as 552 on a list of fastest fasting appreciating suburbs in VIC
Our latest figures would indicate that property sellers in Dromana are currently offering property investors an average price cut of -5.35% below the asking price at the moment.
Dromana, 3936’s gross rental yield is 3.35%
Giving property investors a a poor capital gain of -10.00% for the last year, Dromana, 3936 is the 1567th highest performer in Australia in this respect.
Over the longer term, Dromana has seen property prices show investors a -22.86% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -7.65% to buyers in Dromana at the moment, which is less than average for the rest of VIC.
A $320 per week rent on the median house gives suburb investors a gross yield of circa 4.40%, without taking into account capital value appreciation, which has been averaging out at 2.99%.