Suburb Profile Report for Dromana VIC (3936)

Dromana House: Median price $740,000, Annual capital growth 7.76%, Number of sales 194, Weekly median advertised rent $400

Dromana Unit: Median price $725,000, Annual capital growth 8.90%, Number of sales 19, Weekly median advertised rent $340

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Dromana, 3936 have given investors a capital gain of 16.17%. This compares favourably with the 8.91% for VIC as a whole.

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

LACK OF BUYER INTEREST may well be the reason that Dromana is offering property investors an average of -5.20. This rate of discount on properties puts Suburb at number 139th in terms of most discounted suburbs in VIC

Dromana is 385th on a list of best yielding suburbs for rents in VIC with a 2.81% return

VIC has seen average median house prices change by 7.73% which means that Dromana, 3936 has done well for property investors by showing a capital gain of 31.58% over the last year

The most recent median price for Dromana is $725000, with sellers offering an average of -9.92% off the asking price.

Often selling an investment property can take time, and in Dromana the average time real estate has been on the market is 79.81 days.

Metrics i HOUSE UNIT
$740,000 $725,000
1.72% N/A
16.17% 31.58%
7.76% 8.90%
$400 $340
194 19
2.81% 2.44%
60.12 79.81

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
Find a mortgage broker in Dromana VIC
Demographics
Total population 5125
Median household income ($/weekly) 878
Median age of persons 49
Median housing loan repayment ($/monthly) 1500
Average household size 2.2
  • Census Count Percent(%)
    5-14 years 514 10.0
    35-44 years 631 12.3
    45-54 years 661 12.9
    55-64 years 801 15.6
    65-74 years 755 14.7
    Others 1763 34.4
    Age Group
    Census Count Percent(%)
    Registered Married 1889 47.9
    Not Married 1636 41.5
    Defacto Relationship 415 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3941 80.8
    Hong Kong 81 1.7
    Japan 84 1.7
    United Kingdom 334 6.8
    Other 122 2.5
    Others 316 6.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 65 1.4
    Christianity 3145 67.0
    Islam 25 0.5
    Other Religious Groups 24 0.5
    No Religion 1411 30.1
    Others 22 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 317 16.2
    $600-$799 241 12.3
    $800-$999 229 11.7
    $1,000-$1,249 194 9.9
    $1,500-$1,999 213 10.9
    Others 768 39.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1930 46.3
    Employed, worked full-time 1199 28.8
    Employed, worked part-time 774 18.6
    Employed, away from work 136 3.3
    Unemployed, looking for work 127 3.0
    Person Characteristics
  • Census Count Percent(%)
    Managers 246 11.7
    Professionals 328 15.6
    Technicians & trades workers 407 19.3
    Clerical & administrative workers 269 12.8
    Sales 255 12.1
    Others 601 28.5
    Occupation
    Census Count Percent(%)
    Pre-school 72 8.5
    Infants/Primary 319 37.6
    Secondary 256 30.2
    Technical or Further Educational Institution 92 10.8
    University or other Tertiary Institutions 78 9.2
    Others 31 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4141 86.6
    Flat, unit or apartment 390 8.2
    Semi-detached, row or terrace house, townhouse 197 4.1
    Caravan, cabin, houseboat 48 1.0
    House or flat attached to a shop, office 7 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 932 44.1
    Rented 603 28.5
    Being purchased 566 26.8
    Other tenure type 14 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals