Suburb Profile Report for Dromana VIC (3936)

Dromana House: Median price $590,000, Annual capital growth 6.53%, Number of sales 191, Weekly median advertised rent $365

Dromana Unit: Median price $518,000, Annual capital growth 7.48%, Number of sales 31, Weekly median advertised rent $308

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Dromana have tracked just lower than the VIC average of 8.12% over the last 12 months.

Dromana,3936 was ranked 927 in Australia by increase in median property value over the quarter.

At number 219th of VIC’s most discounted properties, Dromana is in the bottom 40% of the state/territory when listing in order of most discounted to least.

Situated 58.37km from the CBD, Dromana is one of Mornington Peninsula localities in the postcode 3936.

Dromana, 3936 ranked 1st in VIC when comparing growth in median property values or capital gain over the last 12 months. Dromana is one of 2098 in our list for VIC

When looking at the potential capital gains offered to property investors over the last 3 years, Dromana comes in at number 167th in VIC.

At number 62th of VIC’s most discounted properties, Dromana is in the bottom 20% of the state/territory when listing in order of most discounted to least.

With the median price for a house in Dromana being $518000 and the advertised rent reaching $307.5 the gross rental yield for property investors calculates out to be 3.09%

Metrics i HOUSE UNIT
$590,000 $518,000
3.87% 21.88%
6.88% 44.29%
6.53% 7.48%
$365 $308
191 31
3.22% 3.09%
66.02 87.9

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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