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Dreeite, VIC 3249
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$740,000
Median Unit
$860,000
list-price estimate
Gross Yield (houses)
3.4%
1yr Growth
-
Investment snapshot for Dreeite
Dreeite has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Dreeite market and investor summary
Dreeite (VIC 3249) runs a median house price of $740K, with houses yielding a gross 3.4%. At 0.8% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 3.4% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.8% and a resident base that is not shrinking.
Living in Dreeite: people, income and schools
Dreeite has a resident population of roughly 77, a number that has held fairly steady over five years. The median age is 37, broadly working-age, and families account for 87% of households.
Households here earn a median of about $71,000 a year, or roughly $1,370 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 10.4 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 27% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 77
- +1% over 5yr
- Median age
- 37 years
- Median household income
- $71,000/yr
- Households renting
- 30%
- Family households
- 87%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 1.3%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Dreeite
View all →Frequently asked questions about Dreeite
What should I check before investing in Dreeite?
Dreeite has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.8% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Dreeite?
The median property price in Dreeite, VIC 3249 is $740K for houses.
What rental yield does Dreeite show?
The gross rental yield in Dreeite is 3.4% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Dreeite?
The current vacancy rate in Dreeite is 0.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Dreeite?
Dreeite has a population of approximately 77 residents, with a median age of 37.
Is Dreeite affordable to buy in?
A median house in Dreeite costs about 10.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Dreeite's population growing?
The population of Dreeite has grown modestly, about 1% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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