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Drewvale
AREA REPORTS

Drewvale

Drewvale - SUBURB PROFILE REPORT
POSTAL CODE: QLD, 4116

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A steady increase in median property prices over a five-year period in the suburb translates to a -0.4% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $617,500

The augmented property values in the suburb are trailing above the territorial average of 7.66% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $467.5.

Home owners selling their properties and realtors in DREWVALE usually have to wait an average of 66.3 days days before their assets are lifted off the market.

The QLD suburb ranks 528th on the list of best yielding suburbs for rental properties in QLD, posting a 3.94% return.

It also places places 592nd in Australia based on median property value growth during the quarter.

Data report can be found below

Drewvale
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $617,500 N/A
GROWTH REPORT
Median Quarterly 0.41% N/A
Median 12 month 8.33% N/A
Median 3 years -0.4% N/A
Median 5 years 12.79% N/A
10 years average annual 2.53% N/A
Weekly media advert. rent $467.5 N/A
Time on Market 66.3 days N/A
Gross Rental Yield Percent 3.94% N/A
demographics (median values)*
Total Population
2577
Weekly Household Income
1443
Household Size
3.30
Age
30
Monthly Loan Repayment
1715
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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