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Drik Drik, VIC 3304
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$825,000
market range $575K-$850K
Median Unit
$110,000
list-price estimate
Gross Yield (houses)
2.9%
1yr Growth
-
Investment snapshot for Drik Drik
Drik Drik has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Drik Drik market and investor summary
Drik Drik (VIC 3304) runs a median house price of $825K, with houses yielding a gross 2.9%. At 0.7% 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 2.9% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Drik Drik: people, income and schools
Drik Drik is home to around 46 people, a number that has held fairly steady over five years. The median age is 61, an older, established demographic, and 79% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $87,000 a year, or roughly $1,670 a week. On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 9.5 times local household income, so affordability is a genuine constraint on local buyers.
- Population
- 46
- -1% over 5yr
- Median age
- 61 years
- Median household income
- $87,000/yr
- Households renting
- 16%
- Family households
- 80%
- Socio-economic rank
- 2/10
- ABS advantage index
- Unemployment
- 2.3%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Drik Drik
No properties currently listed in Drik Drik
Search Drik Drik listings →Frequently asked questions about Drik Drik
What should I check before investing in Drik Drik?
Drik Drik has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.7% 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 Drik Drik?
The median property price in Drik Drik, VIC 3304 is $825K for houses.
What rental yield does Drik Drik show?
The gross rental yield in Drik Drik is 2.9% 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 Drik Drik?
The current vacancy rate in Drik Drik is 0.7%. 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 Drik Drik?
Drik Drik has a population of approximately 46 residents, with a median age of 61.
Is Drik Drik affordable to buy in?
A median house in Drik Drik costs about 9.5 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 Drik Drik's population growing?
The population of Drik Drik has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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