Dromana VIC 3936

Here you can find what you need to know about Dromana, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$715k Median Sale Price (National Average $485k) 252nd In VIC
-4.79% Median Price Change (1 yr) (National Average 4.30%) 2397th In VIC
$415pw Median Rent (National Average $395) 314th In VIC
3.0% Median Gross Yield (National Average 4.24%) 463rd In VIC
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Properties sold 108
Average discounting -10.29%
Average Days on Market 102
Stock on Market 32 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

Example Only
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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Dromana, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Dromana, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Dromana, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

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Property Prices in Dromana


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Latest Auction Results for Dromana as at 08 December 2019

Property Details
Sale Price
3Bed / 2Bath / 2Car / House
Passed In
2Bed / 1Bath / -Car / House
-

State Auction Clearance Rates - December 2019

Auctions Clearance rate
VIC 1368 73%
ACT 72 71%
NSW 949 68%
NT 5 20%
QLD 207 50%
SA 127 52%
TAS 0 0%
WA 51 43%

Local Schools


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Suburb Information

Dromana, VIC 3936

Part of: Mornington Peninsula Council No data available

The size of Dromana is approximately 30.6 square kilometres. It has 14 parks covering nearly 7.3% of total area. The population of Dromana in 2011 was 5,125 people. By 2016 the population was 5,802 showing a population growth of 13.2% in the area during that time. The predominant age group in Dromana is 60-69 years. Households in Dromana are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dromana work in a trades occupation. In 2011, 68.2% of the homes in Dromana were owner-occupied compared with 67.9% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Dromana

Demographic data provided
by Australian Bureau of Statistics


Market Trends for Dromana   for Houses in last 12 months


There have been 110 Houses sold in Dromana in the past 12 months with a median sale price of $715K, up -4.79% annually. It takes on average 102 days to sell with vendor discounting of -10.29%.

Streets in Dromana


Others also viewed

Suburb Median Price Change (1 yr) Median Sale Price Median Rent Median Gross Yield
Rosebud VIC, 3939 -5.90% $574,000 $365pw 3.3% View Suburb Profile
Safety Beach VIC, 3936 -9.77% $785,000 $500pw 3.3% View Suburb Profile
Mornington VIC, 3931 -8.75% $743,700 $500pw 3.5% View Suburb Profile
Mount Martha VIC, 3934 -6.87% $915,000 $560pw 3.2% View Suburb Profile
Rye VIC, 3941 -5.17% $678,000 $410pw 3.1% View Suburb Profile
Mccrae VIC, 3938 -5.20% $775,000 $415pw 2.8% View Suburb Profile