Thinking about buying in Drewvale? Now could not be a better time, with a whopping 1681 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $628,000 with prices in this suburb ranging from $345,000 to $971,000.Distance to the coast is 21 Km.
Consistent high demand relative to supply is a key feature in Drewvale driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Drewvale are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Drewvale classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Drewvale requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
|Median Weekly Rent||$455.45|
|Median Monthly Mortgage||$1977.00|
|Median Persons Per Bedroom||0.85|
|Average Household Size||3.55|
|Average Cars Per Dwelling||3.09|
|Average Properties Within 50M||15.00|
|28 LAPFORD CCT, DREWVALE, QLD, 4116||4||2||2||Under Contract - $975,000|
|45 COLUMBUS CCT, DREWVALE, QLD, 4116||4||2||4||For Sale|
|42 BARRALLIER PL, DREWVALE, QLD, 4116||4||2||1||Auction|
|100 MACQUARIE WAY, DREWVALE, QLD, 4116||4||3||2||Auction|
None within suburb boundary(While the above schools are located with the suburb of Drewvale there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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