Drysdale suburb profile
Drysdale is a charming township located on the Bellarine Peninsula in Victoria, known for its picturesque landscapes and welcoming community. Situated approximately 20km east of Geelong, Drysdale offers a blend of rural tranquility and modern amenities. The area is renowned for its wineries, local produce, and scenic walking trails, making it a popular destination for both residents and visitors. With a rich history reflected in its heritage buildings and a growing arts scene, Drysdale provides a unique lifestyle that balances country living with easy access to urban conveniences. Its family-friendly environment and vibrant community events contribute to its appeal.
Drysdale property market performance
Current median dwelling price$580,500Past 3 months
Property growth+3.1%Past 12 months
Drysdale’s property market has shown positive growth over the past 12 months, with house values increasing by 8.7%, bringing the median house price to $711,000. However, the unit market has remained stagnant, with no change in median value. Over the past three months, 22 houses and 6 units have been sold, indicating a stronger demand for houses.
Houses in Drysdale are selling relatively quickly, with a median of 36 days on the market, while units are taking longer at 54 days, suggesting a slower pace in the unit market. The rental market has also seen growth, with house rents increasing by 6.1% to an average of $525, while unit rents have risen by 2.3% to $440, reflecting a steady demand for rental properties.
| Houses | Units | |
|---|---|---|
Median price Past 3 months | $711K | N/A |
Change in value Past 12 months | 8.7% | -2.6% |
Sold Past 3 months | 22 | 6 |
Median days on market Past 12 months | 36 | 54 |
Average rent Past 12 months | $525 | $440 |
Change in rent Past 12 months | 6.1% | 2.3% |
5 year median price trend for houses and units
Drysdale demographics
Drysdale, located in Victoria's picturesque Bellarine Peninsula, is a charming suburb known for its serene lifestyle and close-knit community. With a population of 4,976, Drysdale offers a peaceful retreat from the hustle and bustle of city life, making it an attractive destination for retirees and families seeking a quieter environment. The median age of 52 reflects a mature community, with many residents enjoying the area's natural beauty and relaxed pace.
The suburb's housing landscape is characterized by a high rate of outright home ownership, with 50.7% of properties owned outright. This indicates a stable and established community, with many long-term residents. Additionally, 32.4% of homes are owned with a mortgage, while only 17% of properties are rented, highlighting the suburb's appeal to those looking for permanent residence rather than transient living arrangements.
Family life in Drysdale is well-supported, with 36.8% of families being couples with children and 49.3% being couples without children. The presence of one-parent families, making up 12.7% of the community, adds to the suburb's diverse family dynamics. The area's amenities, including local schools, parks, and community facilities, cater to the needs of families and contribute to the suburb's welcoming atmosphere. Overall, Drysdale offers a harmonious blend of tranquility, community spirit, and natural beauty, making it a desirable place to call home.
Drysdale infrastructure, key developments and investment opportunities
Drysdale is benefiting from ongoing growth on the Bellarine Peninsula, with the City of Greater Geelong identifying it as a key township within a broader urban area shared with Clifton Springs, supporting continued residential development and local retail expansion.[3][6][8] The established town centre, anchored by major supermarkets and a modern library, continues to attract surrounding rural and coastal residents, reinforcing Drysdale’s role as a service hub and underpinning demand for both family homes and downsizer-friendly properties.[4][8]
Council planning for the Bellarine Peninsula emphasises managed population growth and protection of village character, which may limit overdevelopment while still allowing new housing estates and community facilities to proceed over time, supporting steady, rather than speculative, price growth.[3][8] Existing amenities such as primary schooling in the heart of the village, nearby employment in Geelong, and good road links across the peninsula contribute to Drysdale’s livability, and there are currently no widely publicised major new transport or school projects that would significantly alter the property market in the short term.[3][4][6]
Drysdale rental market trends
The rental market in Drysdale has experienced moderate growth, with house rents increasing by 6.1% over the past year to $525 per week, while unit rents have seen a smaller rise of 2.3% to $440 per week. This steady growth reflects the suburb's appeal, offering a balanced mix of affordability and lifestyle, making it an attractive option for both renters and investors.
Suburbs near Drysdale
Some popular suburbs near Drysdale include:
How does Drysdale compare to nearby suburbs?
- Median house prices: Drysdale’s median house price is 2.5% lower than Clifton Springs’s.
- House price growth: Over the past 12 months, house prices in Drysdale have grown 1.4% higher than in Clifton Springs.
- Unit price growth: Property prices in nearby Leopold have risen 14.0% more than in Drysdale over the past year.
- Selling speed for houses: Properties in Drysdale are selling 5.3% faster than in Clifton Springs.
- Selling speed for units: Properties in nearby Leopold are selling 55.6% faster than in Drysdale.
- Investment considerations: In Drysdale, the rental yield for house is 16.4% lower than the Melbourne average, while the rental yield for units is 24.7% lower.
- House price growth: Over the past 12 months, house prices in Drysdale have grown 26.9% lower than the average rate of growth across Melbourne.
- Unit price growth:Over the past 12 months, unit prices in Drysdale have grown 10.9% lower than the average rate of growth for units across Melbourne.

