Suburb Profile Report for Drummoyne NSW (2047)

Drummoyne House: Median price $2,150,000, Annual capital growth 8.88%, Number of sales 74, Weekly median advertised rent $850

Drummoyne Unit: Median price $1,135,000, Annual capital growth 6.95%, Number of sales 98, Weekly median advertised rent $650

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

Investment property in Drummoyne has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -6.52%

If we look at median property appreciation over just the last three months, Drummoyne has given property investors a paper return of -0.23%. This puts Suburb as 739 on a list of fastest fasting appreciating suburbs in NSW

Our latest figures would indicate that property sellers in Drummoyne are currently offering property investors an average price cut of -4.22% below the asking price at the moment.

At number 2242 in a list of fastest selling suburbs, Drummoyne is in the bottom 40% of suburbs in Australia with an average of days on market 81.54 for properties listed there.

Advertised rents are around the $850 mark per week – giving a return of 2.06% based on the median price in Suburb

NSW has seen average median house prices change by 2.17% which means that Drummoyne, 2047 has done well for property investors by showing a capital gain of -2.99% over the last year

If we look at median property appreciation over just the last three months, Drummoyne has given property investors a paper return of -1.30%. This puts Suburb as 341 on a list of fastest fasting appreciating suburbs in NSW

Vendor discounting in Drummoyne is giving property investors an average Vendor Discount of around -4.38%. This puts suburb at number 289th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Drummoyne the average time real estate has been on the market is 57.08 days.

Using the current median advertised rental of $650 and the average annual increase in value of a median property of 6.95%, investors should hope to achieve an overall return of 2.98%

Metrics i HOUSE UNIT
$2,150,000 $1,135,000
-0.23% -1.30%
-6.52% -2.99%
8.88% 6.95%
$850 $650
74 98
2.06% 2.98%
81.54 57.08

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (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