Dromana, VIC 3936
Compare Part of Mornington Peninsula
57.79 km
Distance from Melbourne CBD
8 k
Population
Auction Times
Sat 20 Apr | Auction Time | Agency | |
|---|---|---|---|
 | 63 Williams Street 4 2 4 House | 12:30 PM Sat 20th Apr | Hocking Stuart |
 | 2 Charles Street 5 2 2 House | 3:30 PM Sat 20th Apr | Hocking Stuart |
Sat 27 Apr | Auction Time | Agency | |
|---|---|---|---|
 | 5 Tennent Street 5 2 4 House | 1:00 PM Sat 27th Apr | Barry Plant |
Median Sale Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 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 | 186 |
| 2018 | $750,000 | +8.4% | $120,000 | $1,750,000 | 132 |
| 2019 | $727,000 | -3.2% | $420,000 | $2,575,000 | 128 |
| 2020 | $800,000 | +9.1% | $508,000 | $2,219,650 | 117 |
| 2021 | $1,035,000 | +22.7% | $385,000 | $4,210,000 | 171 |
| 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 | $912,000 | -17.3% | $630,000 | $3,300,000 | 43 |
Median Sale Price
$1.05M
Based on 139 recorded sales within the last 12 months
Updated on 17 Apr 2024
Suburb Growth
-4.8%
Current Median Price: $1,050,000
Previous Median Price: $1,100,000
Based on 269 recorded House sales compared over the last two rolling 12 month periods
Peak Selling Periods (36 months ending Mar 2024)
Price Range Segments (12 months ending Mar 2024)
Median Weekly Rent Price
House
-
Updated on Feb 2024
2 BR - | 3 BR - | 4 BR - |
Unit
-
Updated on Feb 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 | $595 | +7.6% | $360 | $1,200 | 119 |
| 2024 | $600 | +0.8% | $480 | $950 | 21 |
Median Rent Price
$580
per week
Based on 99 recorded rent within the last 12 months
Updated on 17 Apr 2024
Rent Price Growth
-1.7%
Current Median Rent: $580
Previous Median Rent: $590
Based on 213 recorded House rent compared over the last two rolling 12 month periods
Suburb Rent Yield
+2.9%
Current Median Price: $1,050,000
Current Median rent: $580
Based on 238 recorded House sales and rents compared over the last two rolling 12 month periods
Peak Renting Periods (36 months ending Mar 2024)
Auction Results For Dromana
Houses sold in Last 12 months ends 13 Apr 2024
$1.09M
Median Sale Price
71%
Clearance Rate
36/51
Sold/Reported
$3.13M
Highest Sale Price
| Sold Price Range | No. of Sold Properties | |
|---|---|---|
| $3 M and more | 1 | |
| $2 M - $3 M | 1 | |
| $1.6 M - $1.8 M | 1 | |
| $1.4 M - $1.6 M | 4 | |
| $1.2 M - $1.4 M | 5 | |
| $1 M - $1.2 M (Median Price Range) | 6 | |
| $800 K - $1 M | 6 | |
| $600 K - $800 K | 6 | |
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 |