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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:

Common questions about Drouin

  • Is Drouin a nice place to live?

    Drouin is a delightful suburb that offers a wonderful blend of rural charm and modern living, making it a fantastic place to call home. Nestled in the scenic West Gippsland region, Drouin is renowned for its picturesque landscapes and a warm, community-oriented vibe. The suburb provides a peaceful environment that is perfect for families and individuals who appreciate a slower pace of life while still having access to essential amenities. With a variety of schools, shops, and recreational facilities, Drouin caters well to the needs of its residents, ensuring a comfortable and convenient lifestyle.

    Families will find Drouin particularly appealing due to its strong sense of community and the availability of family-friendly amenities. The suburb's relaxed atmosphere and proximity to nature make it an ideal setting for raising children. Safety is generally not a major concern, contributing to the suburb's appeal as a family-friendly destination. While Drouin may not offer the bustling nightlife of a city, it compensates with its serene environment and the opportunity to enjoy outdoor activities amidst its lush surroundings.

    One of the trade-offs of living in Drouin is its distance from Melbourne, which may require a longer commute for those working in the city. However, the easy access to the Princes Freeway makes travel relatively straightforward. Additionally, while the suburb is experiencing growth and development, which may lead to increased demand for properties, this also brings the benefit of improved infrastructure and local job opportunities. Overall, Drouin is a charming and welcoming suburb that offers a high quality of life for those seeking a balance between rural tranquility and urban convenience.

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  • Is it expensive to live in Drouin?

    Living in Drouin offers a more affordable option compared to many other suburbs in Victoria. The current median house price in Drouin is $592,000, and for units, it's $475,000. These prices are relatively lower compared to the bustling suburbs closer to Melbourne, making Drouin an attractive choice for those looking to purchase property without breaking the bank.

    When it comes to renting, Drouin remains reasonably priced. The average rent for houses over the past year is $515 per week, while units average $420 per week. These figures align well with the local average annual wage of about $54,000. In comparison, the average wage in Victoria is higher, which means that for those earning the local average, housing costs in Drouin take up a significant portion of income, yet remain manageable.

    Overall, Drouin provides a balance of affordability and quality of life, especially for those who prefer a quieter, more rural setting while still having access to essential amenities. If you are considering living in Drouin, it's a financially viable option that offers a comfortable lifestyle without the higher costs associated with inner-city living.

    Disclaimer: To assess whether a suburb is considered expensive, we’ve looked at mortgage and rental costs as a proportion of the average local salary. That said, everyone’s financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.
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  • Is Drouin a good place to invest?

    Drouin presents a unique investment opportunity, particularly for those interested in rental income. While the change in median house and unit values has been relatively flat over the past year, with houses seeing no change and units experiencing a modest 0.6% increase, the rental market tells a different story. Rental prices for houses have surged by 9.6%, and units have seen a 5.0% increase, indicating strong demand from renters.

    This rental growth suggests that Drouin is becoming an increasingly attractive location for tenants, possibly due to its affordability compared to more central areas. The steady rental demand can provide investors with a reliable income stream, making it a worthwhile consideration for those looking to capitalize on rental yields. While capital growth has been stagnant, the potential for consistent rental returns makes Drouin an appealing option for investors focusing on cash flow.

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