On October 24, 2019, the median price for a house in Drouin was $441,500. The median price for a unit was $341,000. This year there have been 217 houses sold and 23 units sold. Of these house sales, 128 were three bedrooms. It takes approximately 68 days to sell a house and 75 days to sell a unit. The annual capital growth for homes is 6.53% and for units it is 6.04%. The 12-month capital growth is 2.33% on houses and 10.48% for units. The gross rental yield for a house is 4.37% and 4.48% for a unit.
The Demand to Supply Ratio or DSR ranking says that an investment in houses is good. This means there are more buyers than sellers. Vendors are more often than not getting their asking price. The national average for property growth should stay ahead of the average of the nation.
House prices and rent returns in Drouin.
- 3 bedroom home $393,000 Rent per week $350
- 4 bedroom home $505,000 Rent per week $400
Unit prices and rent returns in Drouin.
- 2 bedroom unit $340,000 Rent per week $290
- 3 bedroom unit $361,000 Rent per week $330
Are you going to put your house on the market for sale? If so, we provide free property appraisals on land, units, apartments and houses. We present our valuation on the property’s proximity to schools, shops and amenities. Nearby public transport is taken into account as is the recent sales history in the suburb. Our appraisers know the region well and will give you an accurate estimation as to the worth of your home.
Have you just purchased an investment property and need a rental manager? Or, are you vacating your home and would like to rent it out? Our property management team currently manage over 200 homes in Drouin, Drouin and surrounding towns. We have a database of tenants that are actively looking to rent all type of property. All our prospective tenants are vetted for security purposes. We engage closely with the landlord. Initially, we determine the length of the rental and the preferred tenant. From here we can place the renter, collect the monthly rent, carry out routine inspections and tend to maintenance issues. We will give you a free rental appraisal that should accurately reflect your weekly rent return.
Property Valuation Drouin
Are you aware that an appraisal is different from a valuation? A real estate sales agent can give you an estimate as to the worth of your home. But, let’s say you require a valuation for legal reasons. Then, the valuation must be performed by a licenced valuer and there will be a fee.
Drouin Primary School
Recently Sold Homes in Drouin and surrounds.
View our list of recently sold homes in Drouin and surrounding suburbs.
Lifestyle in Drouin
While Drouin is one of Baw Baw’s larger towns it still maintains its endearing country charm.
Located in an area of undulating countryside, Drouin gets the best of both worlds, a well-serviced town and scenic outlooks set in picturesque surroundings. During the summer months, the town takes on the vibrant colour of the flowering Ficifolia gum trees which line the town’s major streets. The town even holds a festival to celebrate the beauty of the Ficifolia.
Drouin is home to several cafes and restaurants providing a range of cuisines from Italian and Thai, to Chinese and tapas as well as a family-friendly country pub. Just outside Drouin is Robin Hood, a great spot to take a picnic, relax on the banks of the Tarago River or take a paddle in the little creek during the warmer months.
The Drouin Craft and Produce Market is held on the third Saturday of every month offering locally made products. Those who want to stay longer can choose from a number of accommodation options including the popular Glen Cromie caravan park, motels and lovely little guest houses.
We were in neighbouring Athlone to view a property and stumbled upon an open house inspection in Drouin that day and met Elise who was the property manager for that home. A casual conversation with Elise led to us briefing her on what we were hoping for in our dream home. Elise was candid in her responses to our questions, could give us factual advise and in a few phone calls fixed up a visit to another house to inspect. She could get our specifications perfectly in one conversation and took us to the perfect home we could have envisioned. Thanks to Elise’s expertise, people skills and market knowledge, we could secure our first home and will be moving in soon. The entire transaction from a chance encounter to the signing up has been one smooth journey. – Vatsala Gurunath
The Best!! Tyler is a fantastic agent. Every aspect of the sale Tyler has nailed it. From the start to the sale. Like to thank Tyler and the team at Clark NextRE!! – Travis Lockhart
Schools in Drouin
There is 7 school in Drouin.
- Drouin Primary School Co-ed
- Drouin Secondary College
- Drouin South Primary School
- Drouin West Primary School
- St Ita’s Primary School
- Chairo Christian College