Investment property in Drouin has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.20%
Drouin,3818 was ranked 1557 in Australia by increase in median property value over the quarter.
Property buyers and investors in Drouin 3818 should be seeing an average reduction in asking price of around -3.79% . This means that Drouin is holding prices well when compared to other suburbs in VIC.
Drouin is 141th on a list of best yielding suburbs for rents in VIC with a 3.98% return
Drouin is in the bottom 30% 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 1.13%.
A 36.21% growth in median value for property investors in Drouin,3818 puts this suburb at number 233th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Drouin are currently offering property investors an average price cut of -3.87% below the asking price at the moment.
On average over the past year, suburb has had 4.67 sales per month, which equates to 56 per year.
Drouin is 70th on a list of best yielding suburbs for rents in VIC with a 4.67% return
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.