Drouin is an established suburb in Victoria within the Baw Baw local government area (postcode 3818). With a population of 15,287, the suburb has an established demographic with a median age of 39. Households earn a median income of $74K per year, with an average household size of 2.5 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.6% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, community & personal service. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Median house prices in Drouin stand at $615,000, having ticked up by 1.7% over the last twelve months. Units have a median price of $433,000 (-3.9% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,647.
Drouin is served by 5 schools, including 2 primary, 1 secondary, 2 combined. The average ICSEA score is 1021, which is around the national average of 1,000. Public transport access includes 4 rail stations, 48 bus stops. The crime rate in the Baw Baw LGA is higher than average at 8,229 incidents per 100,000 population.
Looking at the investment signals, Drouin shows a gross rental yield of approximately 4.4%, rated as moderate yield. Property prices are near the state median ($615K/$875K). The price-to-income ratio of 8.3x is considered moderate. House prices have moved +1.7% year-on-year. Population growth of +1.6% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.