Suburb Profile Report for Dromana VIC (3936)

Dromana House: Median price $610,000, Annual capital growth 7.18%, Number of sales 194, Weekly median advertised rent $370

Dromana Unit: Median price $501,500, Annual capital growth 8.19%, Number of sales 35, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Dromana has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.74%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Dromana has increased when compared to the 5 year average annual rate.

Property buyers and investors in Dromana 3936 should be seeing an average reduction in asking price of around -6.61% . This means that Dromana is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Dromana have been waiting around 56.91 days to sell a property.

Property investors should expect to get $370 weekly from the median priced house in this suburb.

Property investors who have had real estate in Dromana, 3936 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 32.67%

Dromana,3936 has offered an average of 32.67% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Dromana 3936 should be seeing an average reduction in asking price of around -5.72% . This means that Dromana is holding prices well when compared to other suburbs in VIC.

Metrics i HOUSE UNIT
$610,000 $501,500
3.87% -5.82%
6.74% 32.67%
7.18% 8.19%
$370 $310
194 35
3.15% 3.21%
56.91 66.3

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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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Recent sales & rentals