Dromana, VIC 3936
Compare Part of Mornington Peninsula
57.79 km
Distance from Melbourne CBD
8 k
Population
Median Sale Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
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 | $1,500,000 | 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 | $687,000 | +14.1% | $92,425 | $2,010,000 | 187 |
| 2018 | $750,000 | +8.4% | $120,000 | $1,750,000 | 132 |
| 2019 | $720,000 | -4.2% | $420,000 | $2,575,000 | 129 |
| 2020 | $800,000 | +10.0% | $508,000 | $2,219,650 | 117 |
| 2021 | $1,035,000 | +22.7% | $385,000 | $4,210,000 | 172 |
| 2022 | $1,100,000 | +5.9% | $182,000 | $4,600,000 | 132 |
| 2023 | $1,070,000 | -2.8% | $431,000 | $3,129,000 | 138 |
| 2024 | $950,000 | -12.6% | $390,000 | $3,400,000 | 126 |
Median Sale Price
$945K
Based on 129 recorded sales within the last 12 months
Updated on 22 Dec 2024
Suburb Growth
-14.3%
Current Median Price: $945,000
Previous Median Price: $1,080,000
Based on 268 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Nov 2024)
Price Range Segments (12 months ending Nov 2024)
Median Weekly Rent Price
House
-
Updated on Oct 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Oct 2024
1 BR - | 2 BR - | 3 BR - |
Monthly Median Rent Price Market Trend
Rent Statistics (Houses)
| Year | Median | Growth | Low | High | # Rents |
|---|---|---|---|---|---|
| 2011 | $310 | 0.0% | $195 | $3,000 | 95 |
| 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 | 125 |
| 2019 | $410 | +3.7% | $200 | $800 | 108 |
| 2020 | $430 | +4.7% | $285 | $990 | 96 |
| 2021 | $500 | +14.0% | $295 | $1,600 | 65 |
| 2022 | $550 | +9.1% | $350 | $1,250 | 100 |
| 2023 | $590 | +6.8% | $360 | $1,200 | 122 |
| 2024 | $600 | +1.7% | $450 | $1,500 | 100 |
Median Rent Price
$600
per week
Based on 100 recorded rent within the last 12 months
Updated on 22 Dec 2024
Rent Price Growth
+0.8%
Current Median Rent: $600
Previous Median Rent: $595
Based on 224 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+3.3%
Current Median Price: $945,000
Current Median rent: $600
Based on 229 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Nov 2024)
Auction Results For Dromana
Houses sold in Last 12 months ends 21 Dec 2024
$1.04M
Median Sale Price
55%
Clearance Rate
23/42
Sold/Reported
$2.18M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 1 | |
| $1.6 M - $1.8 M | 3 | |
| $1.4 M - $1.6 M | 2 | |
| $1.2 M - $1.4 M | 1 | |
| $1 M - $1.2 M (Median Price Range) | 3 | |
| $800 K - $1 M | 6 | |
| $600 K - $800 K | 2 | |
Similar Suburbs to Dromana 3936
Based on median house sale price sold in last 12 months
Schools closest to Dromana, VIC 3936
| School name | Address | Type | Sector | Distance |
|---|---|---|---|---|
| Dromana Primary School | MCCULLOCH STREETDromana 3936 | Primary | Government | 0.63 km |