Drummoyne

POSTAL CODE: NSW, 2047

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 19.58% capital gain.

It also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $3,100,000

The augmented property values in the suburb are trailing above the territorial average of 5.34% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $945.

Home owners selling their properties and realtors in DRUMMOYNE usually have to wait an average of 57.9 days days before their assets are lifted off the market.

The NSW suburb ranks 1107th on the list of best yielding suburbs for rental properties in NSW, posting a 1.59% return.

It also places places th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 9.22% over the last 12 months in DRUMMOYNE, translating to lower returns compared with its peers in NSW.

A survey of average capital gains or median home price increase in suburbs across the country shows that DRUMMOYNE, 2047 obtained a 4.77% growth over a ten-year period. It ranks 986th on our list of suburbs that property investors should look into.

DRUMMOYNE, 2047 has a capital gain of 9.22% for the past year, which is higher than average compared to its 28.48% growth within a five-year period.

With the median home price in DRUMMOYNE sitting at $1,439,000, and the average rent at $800, property owners could potentially earn a 2.89% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in DRUMMOYNE are high, as opposed to average gains per annum over the past five years.

DRUMMOYNE, 2047 in NSW belongs to the local government area of Canada Bay.

Surburb overview

Drummoyne is a suburb located approximately 6 kilometres west of Sydney's central business district, within the City of Canada Bay's local government area.

According to the 2021 Census, Drummoyne has 12,011 residents, with a median age of 42. Most residents, 66.9%, were born in Australia, followed by those born in England at 4.0%. English is the predominant language spoken at home, accounting for 73.8% of households. The suburb's median weekly household income is $2,776, higher than the national median.

Public transportation in Drummoyne includes frequent bus services along Victoria Road, providing connections to the Sydney CBD and surrounding suburbs. Additionally, the Drummoyne ferry wharf offers Parramatta River ferry services, linking residents to various destinations along the river.

The suburb features a mix of residential and commercial areas. The main shopping precinct is along Victoria Road and Lyons Road. This area offers a variety of restaurants, home improvement stores, and specialty shops. The Birkenhead Point Outlet Centre, situated at Birkenhead Point, includes a supermarket and numerous factory outlet stores catering to diverse shopping needs.

Drummoyne has notable recreational facilities. The suburb is surrounded by the Parramatta River on three sides, providing residents with access to waterfront views and activities. Drummoyne Oval hosts various sports, including cricket and rugby union, and is the home ground for the Drummoyne District Rugby Football Club. The Bay Run, a popular 7-kilometre circuit around Iron Cove, is frequented by walkers, joggers, and cyclists.

Drummoyne's combination of accessible transportation, shopping amenities, and recreational spaces contributes to its appeal as a residential suburb within Sydney's Inner West.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$3,100,000	$1,439,000
Growth Report
Median Quarterly	0%	6.12%
Median 12 month	10.71%	9.22%
Median 3 years	19.58%	8.44%
Median 5 years	55%	28.48%
10 years average annual	6.41%	4.77%
Weekly media advert. rent	$945	$800
Time on Market	57.9 days	71 days
Gross Rental Yield Percent	1.59%	2.89%

Demographics (Median Values)*

Total Population 11950

Weekly Household Income 2353

Household Size 2.30

Average Age 40

Monthly Loan Repayment 2900

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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