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.