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Drummoyne, NSW 2047

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Drummoyne, NSW 2047 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Drummoyne, NSW 2047”

  1. The total adult population (15 years or older) of Drummoyne 2047 NSW is 10,129, with a median age of 42. Of those, 46.26% are married, 12.12% are divorced or separated, 36.17% are single and 5.53% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $14,024. The median monthly mortgage repayment for households in this suburb is $3,200 which is 22.82% of their earnings.

    Source: ABS Census Data (2021)

  2. The well-established suburb of Drummoyne, code 2047, is nestled in the state of New South Wales, boasting approximately 6452 households. As we steer into Q3 of 2023, the typical selling price for houses in Drummoyne is a substantial $2,816,995. Complemented by a median rental figure of $1025 per week, this evokes an indicative yield of 1.89%.

    In terms of its socio-economic standing, Drummoyne displays a robust IRSAD score of 1144 out of 1217, reflecting a robust economy, affluent households, and skilled working professionals. Notably, the suburb presents a renter to owner ratio of 36%. While a lower ratio is generally preferable, it’s not a deal-breaker provided other metrics indicate a favourable property market.

    With units outnumbering houses by 62%, it’s evident that the market leans towards high-density living. Although this high ratio can sometimes increase competition among landlords for tenants, it can also reflect a demand for contemporary living options, attracting a diverse renter pool.

    The affordability index in Drummoyne currently stands at 79 years. While this exceeds the standard 30-year mortgage period, suggesting decreased affordability, it is important to note that many factors can influence this metric, including a high concentration of premium properties in the area.

    From a supply perspective, Drummoyne is promising, with just 0.22% of houses on the market, and a modest building approvals ratio of 0.75%. A lean inventory of only 0.9 months implies a desirable low supply, often translating to an increased demand from buyers and renters alike.

    Today’s average house remains on sale for 33 days before being snapped up, which signifies a high demand. Vacancy rates in Drummoyne also trend positively at 1.56%, indicating a generally high occupancy rate. Lastly, the buy search index reflects a 4 on the scale, which is neutral in pushing demand.

    In summary, the Drummoyne property market presents some auspicious prospects for property investors and buyers, but as always, understanding the intricate dynamics of the data is paramount in making informed property decisions.

    Remember, a tool like RCS (Relative Composite Score) by HtAG Analytics can provide a comprehensive overview, utilising over 80 metrics to help you assess market trends. Keep an eye on the presented dashboard for a visual representation of these trends. Even with some less than ideal metrics, the overall market can still be favourable.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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