Suburb Profile Report for Drummoyne NSW (2047)

Drummoyne House: Median price $2,230,000, Annual capital growth 10.00%, Number of sales 79, Weekly median advertised rent $850

Drummoyne Unit: Median price $1,199,000, Annual capital growth 8.09%, Number of sales 129, Weekly median advertised rent $650

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Drummoyne, 2047 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 13.92%.

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

LACK OF BUYER INTEREST may well be the reason that Drummoyne is offering property investors an average of -5.24. This rate of discount on properties puts Suburb at number 84th in terms of most discounted suburbs in NSW

In the last year 79 properties changed hands in Drummoyne, which puts it as the 401th most active market in NSW when comparing the number of sales per suburb.

Using the current median advertised rental of $850 and the average annual increase in value of a median property of 10.00%, investors should hope to achieve an overall return of 1.98%

Property investors who have had real estate in Drummoyne, 2047 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 17.55%

If we look at median property appreciation over just the last three months, Drummoyne has given property investors a paper return of 2.48%. This puts Suburb as 182 on a list of fastest fasting appreciating suburbs in NSW

Drummoyne2047 is located in NSW which offers an average discount of -4.11% to property investors. Drummoyne itself is showing figures that indicate -2.59% is the average achievable by property buyers investing in the suburb.

Renters in Suburb are facing rents around $7800 per annum or $650 every week.

Metrics i HOUSE UNIT
$2,230,000 $1,199,000
-2.00% 2.48%
13.92% 17.55%
10.00% 8.09%
$850 $650
79 129
1.98% 2.82%
49.19 31.92

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 11377
Median household income ($/weekly) 2148
Median age of persons 39
Median housing loan repayment ($/monthly) 2760
Average household size 2.3
  • Census Count Percent(%)
    5-14 years 998 8.8
    25-34 years 1980 17.4
    35-44 years 1994 17.5
    45-54 years 1466 12.9
    55-64 years 1309 11.5
    Others 3631 31.9
    Age Group
    Census Count Percent(%)
    Registered Married 3895 46.8
    Not Married 3337 40.1
    Defacto Relationship 1083 13.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7388 70.4
    Japan 302 2.9
    Papua New Guinea 292 2.8
    United Kingdom 571 5.4
    Other 454 4.3
    Others 1480 14.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 239 2.3
    Christianity 7379 72.4
    Hinduism 97 1.0
    Islam 103 1.0
    No Religion 2278 22.3
    Others 100 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 448 11.1
    $2,000-$2,499 318 7.9
    $2,500-$2,999 709 17.5
    $3,000-$3,499 346 8.6
    $4,000 or more 537 13.3
    Others 1688 41.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4237 48.6
    Not in the labour force 2455 28.2
    Employed, worked part-time 1499 17.2
    Employed, away from work 319 3.7
    Unemployed, looking for work 211 2.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 1344 22.2
    Professionals 2184 36.1
    Technicians & trades workers 414 6.8
    Clerical & administrative workers 889 14.7
    Sales 490 8.1
    Others 734 12.1
    Occupation
    Census Count Percent(%)
    Pre-school 187 8.7
    Infants/Primary 674 31.4
    Secondary 452 21.0
    Technical or Further Educational Institution 177 8.2
    University or other Tertiary Institutions 574 26.7
    Others 85 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4451 43.8
    Flat, unit or apartment 3965 39.0
    Semi-detached, row or terrace house, townhouse 1720 16.9
    House or flat attached to a shop, office 21 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1584 36.2
    Fully owned 1474 33.7
    Being purchased 1295 29.6
    Other tenure type 27 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals