Thinking about buying in Drome? Now could not be a better time, with just 41 residential dwellings it's a highly sought after location.
The average property price for this area is $885,000 with prices in this suburb ranging from $502,000 to $1,104,000.Distance to the coast is 7 Km.
In Drome there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Drome are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. Low average earnings from people in Drome leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Lower than average population density constrains growth in Drome to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|Median Weekly Rent||$250.00|
|Median Monthly Mortgage||$2143.00|
|Median Persons Per Bedroom||0.90|
|Average Household Size||3.00|
|Average Cars Per Dwelling||2.49|
|Average Properties Within 50M||1|
|2 Bed $501,000|
|3 Bed $1,025,000|
|4 Bed $935,000|
None within suburb boundary(While the above schools are located with the suburb of Drome there may also be nearby schools whose catchments cover this suburb)
Incidents Trend State Average
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source: Australian Government Bureau of Meteorology
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