Thinking about buying in Drouin West? Now could not be a better time, with just 184 residential dwellings it's a highly sought after location.
The average property price for this area is $585,000 with prices in this suburb ranging from $416,000 to $983,000.Distance to the coast is 33 Km.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Drouin West due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Drouin West provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Drouin West necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Drouin West we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Drouin West a better buying opportunity than it may have been in the past.
|Median Weekly Rent||$392.50|
|Median Monthly Mortgage||$1651.50|
|Median Persons Per Bedroom||0.80|
|Average Household Size||3.00|
|Average Cars Per Dwelling||3.17|
|Average Properties Within 50M||1.00|
|6 Bed +||$1,950,000|
|326 MAIN NEERIM RD, DROUIN WEST, VIC, 3818||3||1||$3,995,000|
Drouin West Primary School(While the above schools are located with the suburb of Drouin West 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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