5 Burton Street, Dromana VIC 3936
This property is Off Market
- The Average property price in this area is $1,419,601, this is based on recent transactions.
- Internet speed Download 100 Mbps / Upload 40 Mbps
- Distance to the coast 0.22 km
- Potential bushfire risk 0 / 10
- Report as to subsidence
- Powerlines within 200m 0
Street view
Property For Sale Nearby
Recently Sold Properties in this Area
About Dromana
With an average age of 61, households expect an average monthly mortgage payment of $2,084 or a weekly rent payment of $395. The average family earns a weekly income of $1,978 with a typical household size of 2.2 and a 100.0% employment rate.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Dromana due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Dromana provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Dromana necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Dromana we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Dromana a better buying opportunity than it may have been in the past.
Public Transport
Leawarra
Somerville
Tyabb Station
Tankerton Jetty
Bittern Station
Cowes Jetty
Moorooduc
Mornington
Hastings
Stony Point Pier
General Points of Interest
Bay Views Golf Course
The Briars Park Visitor Centre
Sunny Ridge Strawberry Farm
Wetland Viewpoint
Heronswood
Hickinbotham Winery
McCrae Homestead
Mount Martha Public Golf Course
Red Hill Bike Park
Red Hill Estate
Population
(Country of Birth not stated 8%)
Are people healthy?
There are a recorded 1692 asthma sufferers and 637 people living with diabetes. In addition, 903 people have a heart/vascular condition and 1529 people live with three or more chronic diseases.A good place to invest in property?
Dromana a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
Victoria State average 44 / 100
Income
42 / 100
52 / 100
Industry
10 / 100
17 / 100
Population
35 / 100
32 / 100
House Prices
75 / 100
70 / 100
Jobs
31 / 100
34 / 100
Local Crime Rates
Incidents Trend State Average
Local Schools
-
School CatchmentsRosebud Secondary College Dromana Primary School
Property Story
5 Burton Street, Dromana, Vic, 3936 is a residential property . The estimated distance to the sea is only 0.22km and 0.28KM to vegatation considered to be a factor in bushfire risk.Local Developments
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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