At number 2335th in the list of Australian suburbs ordered by increase in median house value over the last year, Dromana, 3936 is in the BOTTOM 50% with a property value increase of 2.73% recorded in median house prices.
Dromana,3936 was ranked 2354 in Australia by increase in median property value over the quarter.
Property investors looking for a bargain in Dromana should be aiming for at least -5.01% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1258 in a list of fastest selling suburbs, Dromana is in the TOP 40% of suburbs in Australia with an average of days on market 67.99 for properties listed there.
If you compare the increase in value of investment property in Dromana, 3936 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 31.07%.
Over the longer term, Dromana has seen property prices show investors a 8.02% return over the last 3 years. This is an improvement over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Dromana, 3936. Typically our figures indicate that -7.26% is being offered, which puts this VIC suburb at 236th most discounted overall in Australia.
Dromana, 3936’s gross rental yield is 3.49%