Question 1

Is Drysdale a nice place to live?

Accepted Answer

Drysdale on the Bellarine Peninsula reads as a service town with a compact main street of bluestone and weatherboard buildings and a mix of village cottages, modern suburban estates and rural-residential blocks. It sits near the Barwon River wetlands with pleasant walking and cycling routes and is the inland terminus of the heritage Bellarine Railway. Everyday shops, cafés, schools and sports clubs are close by, and road and bus links to Geelong plus easy access to nearby beaches and the Queenscliff ferry make day-to-day errands and recreation straightforward.

The community of 4,976 has a median age of 52 and is popular with families and retirees. Couple families, with or without children, make up just over eight in ten families and 83.1% of homes are owner-occupied, so the area reads as largely settled and owner-occupied. Recent public works have added civic amenity and recreation, including the Drysdale Bypass with its arch bridge and pedestrian underpass, the upgraded town square and library integration, and the North Bellarine Aquatic Centre plus further sporting precinct work under way. Whether Drysdale suits you depends on whether you value that mix of local services and established community.

Question 2

Is it expensive to live in Drysdale?

Accepted Answer

A median house price of $770,000 in Drysdale works out to about 11.6 times a typical local household's annual income at the last Census (household income was $1,273 a week, or $66,196 a year). On these figures, buying a house sits well above what a typical local household earned at the last Census.

Renting is also stretched against those local incomes: a house rent of $550 a week would take about 43.2% of a typical local household's weekly income at the last Census, a large share, while a unit rent of $440 a week would take about 34.6%, a sizeable share. If you're renting rather than buying, those rent shares are the most relevant figures to consider.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Drysdale a good place to invest?

Accepted Answer

House rents in Drysdale climbed 10.0% over the past year, a strong increase. House values also rose, up 6.0% over the same period, a solid gain, so on the house side rental income grew faster than capital value this year.

Units moved the other way: unit values fell 7.3% over the year, a notable decline, while unit rents edged down 1.1%. Taken together, the figures show the house market in Drysdale recorded both value growth and stronger rent growth in the past 12 months, whereas the unit market experienced declines in both price and rent. Whether that balance fits your aims depends on what you want from an investment.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$770K	N/A
Change in value Past 12 months	6.0%	-7.3%
Sold Past 3 months	21	6
Median days on market Past 12 months	50	56
Average rent Past 12 months	$550	$440
Change in rent Past 12 months	10.0%	-1.1%

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