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Drouin, VIC 3818

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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 Drouin, VIC 3818 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.

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Rent 

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Yield 

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Buy 

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Rent 

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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 “Drouin, VIC 3818”

  1. The total adult population (15 years or older) of Drouin 3818 VIC is 12,166, with a median age of 39. Of those, 48.38% are married, 13.24% are divorced or separated, 32.25% are single and 6.10% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,104. The median monthly mortgage repayment for households in this suburb is $1,647 which is 23.18% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Victoria, lies the bustling suburb of Drouin, 3818, which is estimated to be home to around 8,335 households. As per the projected statistics for the third quarter of 2023, the typical house prices in Drouin hover around $722,456. The suburb offers a median weekly rent of $414 which equates to an indicative yield of 2.98%, a figure slightly shy of the minimum 3% market requirement that cashflow-centered property investors typically seek.

    With an IRSAD score of 951 out of 1217, Drouin reveals a fairly comfortable situation in terms of socio-economic condition, indicating a generally sound socio-economic status of the populace in the area.

    The renter to owner ratio in Drouin rests at a favourable 21%, falling well below the threshold of 30% indicating a market that is not saturated with rental properties. This presents a more favourable long term return and reduces the risk of profile landlords significantly.

    The suburb has a particularly low units to houses ratio of only 10%. This indicates there is significantly less competition among landlords for renters and therefore supports maintaining a higher rental yield. The low proportion of units also alludes to a predomination of families who are likely to have longer tenancy periods.

    However, the affordability index is higher than desirable sitting at forty years which suggests a decreased level of affordability in the area as the estimated time required to fully own a property considerably exceeds the standard 30-year mortgage.

    The suburb holds a balanced supply with a stock on market percentage for houses at 1.0%, which suggest a neutral supply situation. Concurrently, with the inventory level for houses is resting at 3.06 months, the market appears to be moderately receptive to new listings.

    There’s a slight hint of increased supply with the building approvals ratio resting at 0.47%, inching closer to the 0.3% mark which indicates low supply, thereby posing a potential risk of unfavourable supply conditions.

    The average number of days on market for houses in Drouin stands at 79, indicating a slightly low level of demand. However, with a modest vacancy rate of 1.8%, the suburb illustrates a healthy balance leaning towards a lower supply and higher demand scenario.

    In terms of online activity, the buy search index for houses is at 4, suggesting a neutral demand within the potential buyers’ market.

    Despite the slightly concerning affordability index, Drouin, overall, presents moderately appealing property investment conditions. Details like these create the bigger picture, and it’s important to understand that minor deviations in individual metrics can be successfully offset if the majority of other metrics paint a favourable image as Drouin does. Undoubtedly, staying informed with updated market data and trends, like the ones provided by HtAG Analytics RCS (Relative Composite Score) can greatly assist in making prudent property investment decisions.

    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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