Drouin is in the bottom 40% in VIC when comparing median price capital growth over the last year. Drouin gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.65%.
Taking the average capital gain, or increase in median house value, Drouin,3818 has racked up an average of -1.65% over the period. This ranks it number 496th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Drouin is $447500, with sellers offering an average of -6.24% off the asking price.
Situated 85.80km from the CBD, Drouin is one of Baw Baw (S) localities in the postcode 3818.
If you compare the increase in value of investment property in Drouin, 3818 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.00%.
While Drouin,3818 ranked number 238th in VIC for increase in median house value (annualised) increase, it is ranked 119th over the last 5 years.
Our latest figures would indicate that property sellers in Drouin are currently offering property investors an average price cut of -4.47% below the asking price at the moment.
With the median price for a house in Drouin being $333950 and the advertised rent reaching $310 the gross rental yield for property investors calculates out to be 4.83%
Information supplied by:
Drouin, VIC – Development translates to growth potential
Median unit zprice: $341,000
Three-year growth: 38.2%
Rental yield: 4.6%
A suburb in the West Gippsland region of Victoria, Drouin saw significant development in recent years, leading to a boost in population. With an average annual growth rate of 5.7%, this suburb is going strong in terms of capital gains potential.
Drouin is very community-oriented, with locals coming together in the yearly Ficifolia Festival. There is a Woolworths and a Cole’s in the area to serve residents’ needs, and commuters can travel easily via the trains passing through Drouin railway station. Alex Goudie Native Park is a great place to unwind and enjoy activities like sports and picnicking. Tarago River is a known fishing spot, and Robin Hood Reserve is an ideal spot for campers.