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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


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

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

Showing 2 of 2 investment properties found in Dromana on realestateinvestar.com.au

14 St Marys Pl, Dromana

$1,100,000

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Surrounded by natures wonders

Situated at the end of a picturesque street with uninterrupted Panoramic views across the Peninsula and Port Phillip Bay to the City skyline is this substantial brick veneer family home. Offering north facing, open plan living with windows extending from the floor up to the vaulted ceilings ...

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House

VIC 3936


29 Olympic Pde, Dromana

$900,000

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Light Filled Luxury with Panoramic Bay Views

Entertain on the first floor capturing views from Mount Martha to Arthurs Seat and across to the sparkling bay in this renovated 4 bedroom 2 bathroom haven. Enjoying a different view from every window, this light filled home has a zoned floorplan with 2 bedrooms downstairs with a flexible 4th ...

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House

VIC 3936


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