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Drysdale, VIC 3222

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 Drysdale, VIC 3222 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 “Drysdale, VIC 3222”

  1. The total adult population (15 years or older) of Drysdale 3222 VIC is 4,225, with a median age of 52. Of those, 54.04% are married, 12.90% are divorced or separated, 24.76% are single and 8.12% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $7,116. The median monthly mortgage repayment for households in this suburb is $1,733 which is 24.35% of their earnings.

    Source: ABS Census Data (2021)

  2. Drysdale 3222, a suburb located in Vic, is home to an estimated 3,013 households. By the third quarter of 2023, average house prices in the suburb have been registered at $722,479, and houses command a median weekly rent of $487. This trend combines to produce an indicative yield of 3.51%, substantially hitting the mark attractive to cash flow centred property investors.

    The area holds a socio-economic score (IRSAD) of 982 out of 1,217, suggesting a slightly above average economic resource access and generally white-collar occupations among its populace. Drysdale’s renter-owner ratio, at 18%, is promising for homeowners and property investors looking for a market not saturated with rental properties. This figure is far preferable to areas with ratios over 30% – saturated with rentals – and significantly better than markets branded as risky due to ratios exceeding 45%.

    Adding to its investment appeal, Drysdale also registers a units-to-houses ratio of 14%, meaning the market is not oversaturated with rental units. Such lower proportions of units can be advantageous in maintaining high rental yields, reducing competition among landlords. Moreover, areas with fewer units and more abundant houses typically attract families, considered stable and long-term tenants.

    While the affordability index in Drysdale rates it less easy on the pocket with 40 years needed to fully own a house, this may not be a deal-breaker considering the suburb’s other appealing features.

    With a stock on market Percentage of only 0.21%, Drysdale is a promising investment location with very low supply. Adding to this positive perspective, an inventory level of 0.95 months shores up the view that the property market here swiftly absorbs new listings. While the building approvals Ratio of 2.6% might suggest a slightly unleashed upcoming supply, it remains below the 3% cap and is manageable within the suburb’s healthy demand parameters.

    Nevertheless, potential investors should be aware of the higher days on market (DoM) for houses, currently standing at 133, indicating a lower demand. But, this viewpoint is offset by a very low vacancy rate of 0.74%, which typically represents high demand. Also, a buy search index of 5, matching the state/city average, indicates a reasonable level of potential buyer interest.

    It’s important to note that whilst some metrics such as the ‘Years to Own’ index and ‘Days on Market’ fall into less favourable ranges, the dominant trend in Drysdale’s property market is favourable due to metrics such as yield, IRSAD score, renter to owner ratio, unit to house ratio, stock on market percentage, and vacancy rate. As always, it’s crucial for property investors to use a holistic and trend-sensitive approach to market analyses for better investment decisions. The Relative Composite Score (RCS) developed by HtAG Analytics is one such useful tool which considers over 80 metrics.

    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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