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.