Suburb Profile Report for Drouin VIC (3818)

Drouin House: Median price $470,000, Annual capital growth 6.20%, Number of sales 251, Weekly median advertised rent $360

Drouin Unit: Median price $333,725, Annual capital growth 5.19%, Number of sales 56, Weekly median advertised rent $300

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

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

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

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Drouin, VIC – Development translates to growth potential

Postcode: 3818

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.

Metrics i HOUSE UNIT
$470,000 $333,725
2.84% -0.07%
10.20% 1.13%
6.20% 5.19%
$360 $300
251 56
3.98% 4.67%
75.2880434782609 94.6285714285714

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 9685
Median household income ($/weekly) 990
Median age of persons 39
Median housing loan repayment ($/monthly) 1500
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 1194 12.3
    25-34 years 1196 12.3
    35-44 years 1168 12.1
    45-54 years 1193 12.3
    55-64 years 1146 11.8
    Others 3789 39.1
    Age Group
    Census Count Percent(%)
    Registered Married 3520 50.7
    Not Married 2729 39.3
    Defacto Relationship 700 10.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 8226 88.3
    New Zealand 97 1.0
    Papua New Guinea 106 1.1
    United Kingdom 472 5.1
    Other 129 1.4
    Others 289 3.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 60 0.7
    Christianity 6133 70.2
    Islam 11 0.1
    Other Religious Groups 33 0.4
    No Religion 2481 28.4
    Others 20 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 471 14.5
    $600-$799 397 12.2
    $800-$999 324 9.9
    $1,000-$1,249 351 10.8
    $1,500-$1,999 444 13.6
    Others 1272 39.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2932 39.7
    Employed, worked full-time 2498 33.8
    Employed, worked part-time 1407 19.1
    Employed, away from work 295 4.0
    Unemployed, looking for work 253 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 601 14.3
    Technicians & trades workers 782 18.6
    Community & personal service workers 446 10.6
    Clerical & administrative workers 482 11.5
    Labourers 622 14.8
    Others 1266 30.2
    Occupation
    Census Count Percent(%)
    Pre-school 199 9.5
    Infants/Primary 762 36.5
    Secondary 610 29.2
    Technical or Further Educational Institution 250 12.0
    University or other Tertiary Institutions 192 9.2
    Others 74 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8337 92.3
    Semi-detached, row or terrace house, townhouse 383 4.2
    Flat, unit or apartment 221 2.4
    Caravan, cabin, houseboat 84 0.9
    House or flat attached to a shop, office 8 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1364 38.7
    Fully owned 1279 36.2
    Rented 872 24.7
    Other tenure type 14 0.4
    Tenure Type
Census 2011, ABS
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