Dromana, VIC 3936
Compare Part of Mornington Peninsula
57.79 km
Distance from Melbourne CBD
8 k
Population
Auction Times
Sat 23 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 163 Palmerston Avenue 4 2 2 House | 11:00 AM Sat 23rd Nov | Whitefox Real Estate |
| 163 Palmerston Avenue 4 2 2 Townhouse | 11:00 AM Sat 23rd Nov | Whitefox Real Estate |
 | 55 McCulloch Street 3 2 4 House | 12:30 PM Sat 23rd Nov | Hocking Stuart |
| 55 McCulloch Street 3 2 4 House | 12:30 PM Sat 23rd Nov | Hocking Stuart |
 | 54 Devon Street 4 2 2 House | 2:00 PM Sat 23rd Nov | Hocking Stuart |
 | 54 Devon Street 4 2 2 House | 2:00 PM Sat 23rd Nov | Hocking Stuart |
 | 54 Devon Street 4 2 2 House | 2:00 PM Sat 23rd Nov | Hocking Stuart |
Sat 30 Nov | Auction Time | Agency | |
|---|---|---|---|
 | 1 3 3 2 Townhouse | 11:00 AM Sat 30th Nov | Hocking Stuart |
| 1/2 Jetty Road 3 3 2 Townhouse | 11:00 AM Sat 30th Nov | Hocking Stuart |
| 1 3 3 2 Townhouse | 11:00 AM Sat 30th Nov | Hocking Stuart |
 | 16 Verona Street 4 2 1 House | 12:30 PM Sat 30th Nov | Hocking Stuart |
 | 27 Noel Street 7 3 3 House | 2:00 PM Sat 30th Nov | Hocking Stuart |
| 27 Noel Street 7 3 3 House | 2:00 PM Sat 30th Nov | Hocking Stuart |
| 27 Noel Street 7 3 3 House | 2:00 PM Sat 30th Nov | Hocking Stuart |
Sun 1 Dec | Auction Time | Agency | |
|---|---|---|---|
 | 15 Susan Street 4 3 2 House | 11:00 AM Sun 1st Dec | Whitefox Real Estate |
Median Sale Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 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 | $945,000 | -13.2% | $390,000 | $3,300,000 | 112 |
Median Sale Price
$945K
Based on 132 recorded sales within the last 12 months
Updated on 21 Nov 2024
Suburb Growth
-13.2%
Current Median Price: $945,000
Previous Median Price: $1,070,000
Based on 264 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Oct 2024)
Price Range Segments (12 months ending Oct 2024)
Median Weekly Rent Price
House
-
Updated on Sep 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Sep 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 | $1,350 | 93 |
Median Rent Price
$600
per week
Based on 101 recorded rent within the last 12 months
Updated on 21 Nov 2024
Rent Price Growth
+1.7%
Current Median Rent: $600
Previous Median Rent: $590
Based on 222 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 233 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Oct 2024)
Auction Results For Dromana
Houses sold in Last 12 months ends 16 Nov 2024
$1.01M
Median Sale Price
59%
Clearance Rate
27/46
Sold/Reported
$2.75M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $2 M - $3 M | 2 | |
| $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 | 4 | |
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 |