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Drummartin, VIC 3570
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$360,000
Median Unit
$200,000
list-price estimate
Gross Yield (houses)
7.8%
1yr Growth
-
Investment snapshot for Drummartin
Drummartin has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Drummartin market and investor summary
Drummartin (VIC 3570) runs a median house price of $360K, with houses yielding a gross 7.8%. At 1.3% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price maths here leans toward cashflow: a gross house yield near 7.8% does more of the early heavy lifting than capital growth usually would at this price point. Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking.
Living in Drummartin: people, income and schools
Drummartin is home to around 42 people, and the area has been growing steadily, up about 15% over five years. The median age is 49, skewed a little older, and 100% 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 $76,000 a year, or roughly $1,460 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to roughly 4.8 times local household income, leaving more headroom than most capital-city markets. Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
- Population
- 42
- +15% over 5yr
- Median age
- 49 years
- Median household income
- $76,000/yr
- Households renting
- 2%
- Family households
- 81%
- Socio-economic rank
- 4/10
- ABS advantage index
- Unemployment
- 3.4%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Drummartin
No properties currently listed in Drummartin
Search Drummartin listings →Frequently asked questions about Drummartin
What should I check before investing in Drummartin?
Drummartin has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong house gross rental yield of 7.8%, before expenses, tax and loan costs. Tight rental market (1.3% 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 Drummartin?
The median property price in Drummartin, VIC 3570 is $360K for houses.
What rental yield does Drummartin show?
The gross rental yield in Drummartin is 7.8% 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 Drummartin?
The current vacancy rate in Drummartin is 1.3%. 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 Drummartin?
Drummartin has a population of approximately 42 residents, with a median age of 49.
Is Drummartin affordable to buy in?
A median house in Drummartin costs about 4.8 times the median local household income (more affordable than most capital-city markets). 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 Drummartin's population growing?
The population of Drummartin has grown about 15% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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