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 South 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 South 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 South 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 South 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 South a better buying opportunity than it may have been in the past.
|65 RINGIN RD, DROUIN SOUTH, VIC, 3818||3||2||5||$2,300,000|
Drouin South Primary School(While the above schools are located with the suburb of Drouin South 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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