drysdale

3222, Victoria

Real Estate & Property Information

Median
Price Rank
335

drysdale Suburb Profile & Review

Drysdale is a charming rural township on the Bellarine Peninsula. Though the town's railway service was terminated in the 1970s, the area is well known for its historic steam train, which travels alongside the beautiful Lake Lorne. The lake is a stunning natural habitat for a variety of birds. Its surrounding reserve is home to a playground and picnic area, as well as the Lake Lorne Equestrian Centre and a sports oval. Nearby McLeod's Water Holes features the popular Drysdale Market, a striking conservation area and a large sporting complex.

Young people flock to the Potato Shed, a community arts facility that holds performances and dance classes. It is jointly used by Bellarine Secondary College and St Ignatius College, as well as members of the general public.

The Drysdale Village Shopping Centre has undergone extensions in order to cater to the developing population. It is home to cafes, a Safeway supermarket and other small retail stores. Commuters are drawn to the area due to its seclusion but relative closeness to Geelong's city centre. Retirees take advantage of leisure facilities in the region such as the Clifton Springs Golf Club.

drysdale Demographic Data

$ 412,500 Median House Price

78 Minutes Average Commute

45 Median Age

4,315 Population

53.33 % Female

46.70 % Male

1172 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in drysdale, Victoria.

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drysdale Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

drysdale Median House Prices

  • 2008 $ 293,500
  • 2009 $ 291,000
  • 2010 $ 322,500
  • 2011 $ 355,000
  • 2012 $ 412,500

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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drysdale 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in drysdale have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term drysdale property price predictions.

drysdale Market Property Types

  • 86 % Seperate House
  • 9 % Semi Detached
  • 5 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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drysdale Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

drysdale Income & Mortgage Stats

  • $ 980 Median Weekly Household Income
  • $ 1,517 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in drysdale

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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drysdale Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

drysdale Sold Property Prices

drysdale Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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drysdale Restaurants

  • Loam at Lighthouse Olive Grove650 Andersons Roaddrysdale VIC 322203 5251 1101

drysdale Cafes

  • Cafe Zoo23 High Street drysdale VIC 322203 5251 5333

Find out How Much your House is Worth in drysdale

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