Drouin suburb profile
Drouin is a charming town located in the West Gippsland region of Victoria, approximately 90km southeast of Melbourne. Known for its picturesque landscapes and friendly community, Drouin offers a relaxed rural lifestyle with modern conveniences. The town is surrounded by lush farmland and rolling hills, providing a scenic backdrop for residents and visitors. Drouin boasts a range of amenities, including schools, shops, and recreational facilities, making it an attractive destination for families and retirees. With its close proximity to the larger town of Warragul and easy access to Melbourne via the Princes Freeway, Drouin combines country charm with urban accessibility.
Drouin property market performance
Drouin's property market has remained relatively stable over the past 12 months, with house values holding steady and unit values experiencing a slight increase of 0.6%. The median house price over the past three months has averaged $592,000, while units have averaged $475,000, indicating consistent demand in the area.
Sales activity has been moderate, with 89 houses and 19 units sold in the past 12 months. Houses are selling slightly faster than units, with a median time on market of 51 days compared to 54 days for units, suggesting a balanced market.
The rental market in Drouin has seen notable growth, with house rents increasing by 9.6% and unit rents by 5.0% over the last 12 months, reflecting a strong demand for rental properties in the suburb.
Median price - houses$615KPast 3 months
Median price - units$475KPast 3 months
Change in value - houses-2.4%12 months
Change in value - units3.4%12 months
Houses sold80Past 3 months
Units sold15Past 3 months
Median DOM - houses51Past 12 months
Median DOM - units55.5Past 12 months
Average rent - houses$510Past 12 months
Average rent - units$430Past 12 months
Change in rent - houses6.3%Past 12 months
Change in rent - units7.5%Past 12 months
Drouin demographics
Drouin, located in Victoria, is a charming suburb known for its picturesque landscapes and community-oriented lifestyle. With a population of 15,287, it offers a serene environment that appeals to families and individuals seeking a balance between rural charm and modern conveniences. The median age of 39 suggests a mature community, with a mix of families, professionals, and retirees who appreciate the suburb's peaceful atmosphere and proximity to nature.
The suburb's housing market is characterized by a high rate of home ownership, with 36.5% of properties owned outright and 41.5% owned with a mortgage. This indicates a stable community with long-term residents who have invested in the area. The rental market, comprising 22% of properties, provides options for those seeking flexibility, including young families and professionals.
Family life is a significant aspect of Drouin, with 39.9% of households being couple families with children and 42.7% being couple families without children. The presence of one-parent families, making up 16.3% of households, adds to the suburb's diverse family dynamics. The community's strong family orientation is supported by local amenities, schools, and recreational facilities, making Drouin an attractive place for those looking to settle in a welcoming and supportive environment.
Drouin infrastructure, key developments and investment opportunities
Drouin is experiencing significant growth and development that may impact its property market. The town is undergoing rapid expansion through new land developments, with projects like the Jackson's View Estate adding over 450 new residential blocks in recent years. This increased housing supply is likely to attract more residents to the area, potentially driving up demand for properties.
Infrastructure improvements are also enhancing Drouin's appeal. The construction of the Princes Freeway bypass has allowed for remodeling of the town center, improving local amenities. Additionally, the development of an industrial estate on the southeast edge of town has encouraged light industry growth, potentially creating more local job opportunities. These factors, combined with Drouin's proximity to Melbourne and its rural charm, are likely to sustain strong interest in the local property market and could contribute to property value increases in the coming years.
Drouin rental market trends
The rental market in Drouin has experienced moderate growth, with house rents increasing 9.6% over the past year to $515 per week, while unit rents have risen 5.0% to $420 per week. This growth reflects the suburb's appeal, driven by its community atmosphere and accessibility, making it an attractive option for both renters and investors.
Suburbs near Drouin
Some popular suburbs near Drouin include: