AREA REPORTS

Dromana

 

 

VIC/
Dromana

Suburb Profile

Dromana - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3936

house
unit

A steady increase in median property prices over a five-year period in the suburb translates to a 35.4% capital gain.

Property investors in DROMANA enjoyed capital gains of 9.99% over the last 12 months translating to lower returns compared with its peers in the territory.

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 $765,000.

Profits due to an upward trend in home prices there averaged 11.8% per annum over a 3-year period.

Home owners selling their properties and realtors in DROMANA usually have to wait an average of 56.5 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $400 mark, reflecting a 2.72% increase in returns based on the current median price in DROMANA.

DROMANA, 3936 places 179th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $765,000 $747,500
GROWTH REPORT
Median Quarterly 2% 1.36%
Median 12 month 9.99% 43.75%
Median 3 years 35.4% N/A
Median 5 years 60.21% 67.98%
10 years average annual 7.51% 10.24%
Weekly media advert. rent $400 $385
Time on Market 56.5 days 73.8 days
Gross Rental Yield Percent 2.72% 2.68%
demographics (median values)
Total Population
4798
Weekly Household Income
724
Household Size
2.20
demographics
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