Suburb Profile Report for Dromana VIC (3936)

Dromana House: Median price $715,000, Annual capital growth 6.77%, Number of sales 102, Weekly median advertised rent $410

Dromana Unit: Median price $585,000, Annual capital growth 7.64%, Number of sales 20, Weekly median advertised rent $400

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

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

With a capital gain of -4.67% for the last 12 months, Dromana, 3936 has performed for property investments than its average annual 6.77% property growth over the last 5 years.

Dromana,3936 has offered an average of -4.67% return per annum in house price rises to property investors over the last three years.

LACK OF BUYER INTEREST may well be the reason that Dromana is offering property investors an average of -6.82. This rate of discount on properties puts Suburb at number 35th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Dromana the average time real estate has been on the market is 83.961 days.

Property investors should expect to get $410 weekly from the median priced house in this suburb.

With a capital gain of -20.68% for the last 12 months, Dromana, 3936 has performed for property investments than its average annual 7.64% property growth over the last 5 years.

Dromana,3936 was ranked 1472 in Australia by increase in median property value over the quarter.

With the median price for a house in Dromana being $585000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 3.56%

Metrics i HOUSE UNIT
$715,000 $585,000
0.00% -12.03%
-4.67% -20.68%
6.77% 7.64%
$410 $400
102 20
2.98% 3.56%
83.961038961039 111.230769230769

Source: Monthly data update for Oct 2019 as supplied by CoreLogic. Data is reported to the period ending Jul 2019. 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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