Property value increases in Dromana have tracked just higher than the VIC average of 11.69% over the last 12 months.
If we look at median property appreciation over just the last three months, Dromana has given property investors a paper return of 4.18%. This puts Suburb as 171 on a list of fastest fasting appreciating suburbs in VIC
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Dromana, 3936. Typically our figures indicate that -4.67% is being offered, which puts this VIC suburb at 2493th most discounted overall in Australia.
Renters in Suburb are facing rents around $4740 per annum or $395 every week.
Property value increases in Dromana have tracked lower than the VIC average of 7.87% over the last 12 months.
While Dromana,3936 ranked number 363th in VIC for increase in median house value (annualised) increase, it is ranked 248th over the last 5 years.
Property investors looking for a bargain in Dromana should be aiming for at least -5.80% off the asking price, which is the average vendor discount being achieved at the moment.
Renters in Suburb are facing rents around $4080 per annum or $340 every week.