At number 1126th in the list of Australian suburbs ordered by increase in median house value over the last year, Dromana, 3936 is in the top 30% with a property value increase of 11.68% recorded in median house prices.
If we look at median property appreciation over just the last three months, Dromana has given property investors a paper return of 3.69%. This puts Suburb as 269 on a list of fastest fasting appreciating suburbs in VIC
Dromana3936 is located in VIC which offers an average discount of -5.71% to property investors. Dromana itself is showing figures that indicate -5.47% is the average achievable by property buyers investing in the suburb.
Advertised rents are around the $375 mark per week – giving a return of 3.08% based on the median price in Suburb
Over the last year, property investments in Dromana, 3936 have given investors a capital gain of 23.13%. This compares very favourably with the 4.83% for VIC as a whole.
Comparing Dromana,3936 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Dromana is offering property investors an average of -4.95. This rate of discount on properties puts Suburb at number 104th in terms of most discounted suburbs in VIC
Advertised rents are around the $315 mark per week – giving a return of 3.33% based on the median price in Suburb