Suburb Profile Report for Dromana VIC (3936)

Dromana House: Median price $712,750, Annual capital growth 6.19%, Number of sales 142, Weekly median advertised rent $415

Dromana Unit: Median price $577,500, Annual capital growth 7.23%, Number of sales 30, Weekly median advertised rent $380

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

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

  • House Report
  • Unit Report

Dromana is in the bottom 10% in VIC when comparing median price capital growth over the last year. Dromana gave property investors a dismal capital gain figure when compared to the rest of the state, with -7.44%.

Over the longer term, Dromana has seen property prices show investors a 17.81% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Dromana is offering property investors an average of -6.51. This rate of discount on properties puts Suburb at number 31th in terms of most discounted suburbs in VIC

Using the current median advertised rental of $415 and the average annual increase in value of a median property of 6.19%, investors should hope to achieve an overall return of 3.03%

Giving property investors a a poor capital gain of -29.14% for the last year, Dromana, 3936 is the 1505th highest performer in Australia in this respect.

Dromana,3936 has offered an average of -29.14% return per annum in house price rises to property investors over the last three years.

Dromana3936 is located in VIC which offers an average discount of -5.98% to property investors. Dromana itself is showing figures that indicate -5.10% is the average achievable by property buyers investing in the suburb.

The VIC suburb of Dromana, 3936 is in the Mornington Peninsula (S) local government area.

Metrics i HOUSE UNIT
$712,750 $577,500
1.75% 0.43%
-7.44% -29.14%
6.19% 7.23%
$415 $380
142 30
3.03% 3.42%
93.0582524271845 95.1304347826087

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 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 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
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