Dromana, VIC 3936

Dromana, VIC 3936

Compare Part of Mornington Peninsula

57.79 km
Distance from CBD
8 k
Population

Auction Times

Sun 1 Mar
Auction Time Agency
5-9 Devon Street
0 0 0 Residential land
11:30 AM
Sun 1st Mar
Ray White
Sat 7 Mar
Auction Time Agency
2 Beachurst Avenue
3 2 1 House
12:00 PM
Sat 7th Mar
Roger McMillan Real Estate
39 Kent Street
3 1 2 House
2:00 PM
Sat 7th Mar
Roger McMillan Real Estate
13 Burton Street
4 3 3 House
2:30 PM
Sat 7th Mar
NicholasLynch
Median Sale Price
House
$716K
Updated on Jan 2020
2 BR
$590K
3 BR
$670K
4 BR
$875K
Unit
$585K
Updated on Jan 2020
1 BR
-
2 BR
$450K
3 BR
$820K
Monthly Median Sale Price Market Trend
Sales Statistics (Houses)
Year Median Growth Low High # Sales
2009
$390,000
0.0% $245,000 $1,020,000 115
2010
$460,000
+15.2% $200,000 $2,325,000 161
2011
$460,500
+0.1% $100,000 $1,275,000 133
2012
$480,000
+4.1% $280,000 $1,490,000 152
2013
$500,000
+4.0% $230,000 $2,000,000 163
2014
$507,000
+1.4% $284,000 $4,400,000 204
2015
$590,000
+14.1% $45,500 $2,800,000 185
2016
$590,000
0.0% $145,000 $1,780,000 180
2017
$690,000
+14.5% $146,500 $2,010,000 186
2018
$750,000
+8.0% $120,000 $1,750,000 132
2019
$727,000
-3.2% $420,000 $2,575,000 126
2020
$740,000
+1.8% $537,000 $1,190,000 19
Median Sale Price
$730K
Based on 132 recorded sales within the last 12 months
Updated on 26 Feb 2020
Suburb Growth
-2.7%
Current Median Price: $730,000
Previous Median Price: $750,000
Based on 253 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Jan 2020)
Price Range Segments (12 months ending Jan 2020)
Median Weekly Rent Price
House
$380
Updated on Jan 2020
2 BR
$310
3 BR
$380
4 BR
$490
Unit
$383
Updated on Jan 2020
1 BR
$265
2 BR
$320
3 BR
$410
4 BR
$500
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
Year Median Growth Low High # Rents
2011
$310
0.0% $195 $3,000 93
2012
$320
+3.1% $190 $1,000 117
2013
$330
+3.0% $200 $3,000 120
2014
$350
+5.7% $150 $1,500 136
2015
$350
0.0% $180 $1,195 144
2016
$360
+2.8% $250 $52,000 139
2017
$400
+10.0% $270 $3,283 142
2018
$395
-1.3% $235 $750 124
2019
$410
+3.7% $200 $800 103
2020
$425
+3.5% $350 $650 5
Median Rent Price
$420
per week
Based on 81 recorded rent within the last 12 months
Updated on 26 Feb 2020
Rent Price Growth
+6.0%
Current Median Rent: $420
Previous Median Rent: $395
Based on 204 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3%
Current Median Price: $730,000
Current Median rent: $420
Based on 213 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Jan 2020)

Auction Results For Dromana

Houses sold in Last 12 months ends 22 Feb 2020

$755K

Median Sale Price

66%

Clearance Rate

41/63

Sold/Reported

$1.33M

Highest Sale Price

Sold Price Range No. of Sold Properties
$1.2 M - $1.4 M 4
$1 M - $1.2 M 4
$800 K - $1 M 7
$600 K - $800 K
(Median Price Range)
13
$400 K - $600 K 8

Schools closest to Dromana, VIC 3936

School name Address Type Sector Distance
Dromana Primary School MCCULLOCH STREETDromana 3936 Primary Government 0.63 km