Drummoyne is a well-established suburb in New South Wales within the Canada Bay local government area (postcode 2047). With a population of 12,011, the suburb has an established demographic with a median age of 42. Households earn a median income of $144K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Drummoyne is $5.6 million, having surged 82.1% over the past year. Units have a median price of $1.1 million (-12.2% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 0.8%. The median monthly mortgage repayment is $3,200.
Drummoyne is served by 2 schools, including 2 primary. The average ICSEA score is 1146, which is well above the national average of 1,000. Public transport access includes 1 rail station, 1 ferry wharf, 37 bus stops. The crime rate in the Canada Bay LGA is below average at 2,018 incidents per 100,000 population.
From an investment perspective, Drummoyne offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($5.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 38.8x is considered stretched. House prices have moved +82.1% year-on-year.
Drummoyne is a well-established suburb in New South Wales within the Canada Bay local government area (postcode 2047). With a population of 12,011, the suburb has an established demographic with a median age of 42. Households earn a median income of $144K per year, with an average household size of 2.3 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Drummoyne is $5.6 million, having surged 82.1% over the past year. Units have a median price of $1.1 million (-12.2% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 0.8%. The median monthly mortgage repayment is $3,200.
Drummoyne is served by 2 schools, including 2 primary. The average ICSEA score is 1146, which is well above the national average of 1,000. Public transport access includes 1 rail station, 1 ferry wharf, 37 bus stops. The crime rate in the Canada Bay LGA is below average at 2,018 incidents per 100,000 population.
From an investment perspective, Drummoyne offers a gross rental yield of 0.8%, rated as low yield. Property prices are above the state median ($5.6M/$1.5M), placing it in the premium segment. The price-to-income ratio of 38.8x is considered stretched. House prices have moved +82.1% year-on-year.