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Investment Property Dromana, VIC, 3936

Suburb Snapshot

Dromana is a suburb in the Mornington Peninsula Region of Victoria. Dromana has a population of 5,801 people and 15.10% of its occupants live in rental accommodation. The median listing price for houses is $995,000 and this has changed -9.14% over the past year and changed -9.14% over 2 years.

The median rent in Dromana for houses is $590 per week and the median rental yield is 3.08%. Stock on the market for houses/townhouses has changed 8.75% compared to last year and the average time to sell a house/townhouse is 107 days.The median listing price for units is $570,000 and this has changed -5.79% over the past year. The average unit takes 154 days to sell and the median rent for a unit in Dromana is $465 per week, producing a rental yield of 4.24%.

Supply & Demand in Dromana, Mornington Peninsula

0.85%

Current vacancy rate


44

Rental stock available


5,801

Population


15.10%

Rental population


0.58%

Current vacancy rate


564

Rental stock available


154,997

Population


14.32%

Rental population


0.94%

Current vacancy rate


29,256

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Dromana, Mornington Peninsula

  House Townhouses Units
Median listing price $995,000 $925,000 $570,000
Median price change - last quarter -0.36% -2.64% -4.21%
Median price change - 1 year -9.14% -2.38% -5.79%
Median price change - 2 years -9.14% -11.49% -9.53%
  House Townhouses Units
Median weekly rent $590 $630 $465
Median yield % 3.08% 3.54% 4.24%
Median rent change - 1 year 0.85% 5.88% 1.08%
  House Units
Previous month sales 19 1
Stock on market previous month 87 17
Stock variance vs. last year 8.75% 41.67%
Average days on market 107 154

Dromana investment property listings

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