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Drumcondra

POSTAL CODE: VIC, 3215
HOUSE

The suburb 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 $1,650,000.

Profits due to an upward trend in home prices there averaged 0% per annum over a 3-year period.

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

Average weekly rents on listings have reached the N/A mark, reflecting a N/A increase in returns based on the current median price in DRUMCONDRA.

DRUMCONDRA, 3215 places th in Australia based on median property value growth during the quarter.

Surburb overview

Drumcondra is a suburb of Geelong, located about 2 kilometres north of the Geelong city centre and approximately 70 kilometres south-west of Melbourne’s central business district. It sits within the City of Greater Geelong and is positioned along the western shore of Corio Bay, giving it a strong coastal orientation.

Drumcondra is a relatively small suburb with a population of around 600 residents, and is characterised by a low-density residential environment. Housing consists primarily of detached dwellings, many of which are established homes with some larger properties, reflecting its long-standing residential character.

Public transport access is available via the nearby North Geelong railway station, which provides V/Line services connecting Geelong with Melbourne and regional areas. Bus services also operate through surrounding suburbs, linking residents to central Geelong and key activity centres.

Road connectivity is supported by the Princes Highway and local arterial roads, facilitating access to the Geelong CBD and neighbouring suburbs. Retail and commercial services are limited within Drumcondra itself, with residents typically accessing nearby shopping areas in central Geelong and Rippleside.

Drumcondra is notable for its waterfront location along Corio Bay, with access to coastal reserves and walking paths for recreational activities. 

The suburb is also close to parklands and open spaces, contributing to its residential amenity. Its proximity to the Geelong city centre provides access to a broader range of services, including healthcare, education and employment opportunities.

Drumcondra developed as a residential area associated with Geelong’s early coastal expansion, and its small size and limited redevelopment have helped preserve its low-density character. Planning considerations focus on maintaining its residential amenity and managing development in a way that respects its coastal setting.

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