Drummond, a quaint locale in Hepburn, VIC, offers a unique and peaceful living experience, characterized by its serene natural surroundings and a close-knit community atmosphere. The housing market in Drummond reflects its rural charm, with properties predominantly consisting of charming period homes and expansive land parcels. Due to its relatively secluded location, the housing market tends to be less volatile than in urban centers, appealing to those looking for a more stable investment. Recent trends indicate a modest uptick in property interest, driven by people seeking a tranquil retreat from city life, yet it still maintains relatively affordable prices compared to larger towns and cities in the region.
Living in Drummond offers a lifestyle that is deeply connected to nature, with residents enjoying access to lush landscapes, scenic trails, and a wealth of outdoor activities. The area is known for its sense of community, where neighbors often engage in local events and support local businesses. Though it may lack some of the amenities and conveniences of a larger town, Drummond compensates with its idyllic setting and the opportunity for a self-sufficient lifestyle. For those who value privacy, tranquility, and natural beauty, living in Drummond is an enriching experience that offers a refreshing departure from the hustle and bustle of urban living.
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Thinking about buying in Drummond? Now could not be a better time, with just 198 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $959,000 with prices in this suburb ranging from $247,000 to $2,144,000. The aproximate distance to the coast is 79 Km.
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 Drummond due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Drummond changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Drummond necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. With very low industrial sector presence in Drummond the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationDrummond Primary School
(While the above schools are located with the suburb of Drummond there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.4 | 12.7 | 30.6 | 25.1 | 81.8 | 4.3 | 27.8 |
Feb | 1.3 | 13.4 | 29.9 | 28.1 | 82.7 | 3.9 | 23.5 |
Mar | 2.0 | 11.6 | 26.6 | 34.3 | 87.3 | 3.5 | 18.3 |
Apr | 0.9 | 7.8 | 21.6 | 42.2 | 91.5 | 3.0 | 13.8 |
May | 1.5 | 4.5 | 16.3 | 54.8 | 96.2 | 2.8 | 9.8 |
Jun | 4.9 | 3.4 | 13.3 | 65.8 | 98.0 | 2.5 | 7.9 |
Jul | 2.1 | 3.2 | 12.2 | 67.4 | 97.4 | 2.6 | 7.3 |
Aug | 1.6 | 3 | 13.8 | 57.5 | 95.5 | 3.0 | 10.9 |
Sept | 1.4 | 3.6 | 17.4 | 47.4 | 95.6 | 3.0 | 15.6 |
Oct | 1.6 | 5.8 | 20.7 | 42.5 | 93.9 | 3.3 | 21.9 |
Nov | 1.9 | 8.5 | 24.5 | 35.5 | 91.7 | 3.5 | 24.6 |
Dec | 1.0 | 11.2 | 28.8 | 26.6 | 82.9 | 3.7 | 28.7 |
source: Australian Government Bureau of Meteorology
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