The information provided is for general informational purposes only. While we strive for accuracy, we make no guarantees about the completeness or reliability of the content. Any reliance you place on this information is at your own risk, and we are not liable for any losses or damages arising from its use.
Additionally, our site may contain links to external websites, which we do not control. The inclusion of these links does not imply endorsement of their content. By using Picki, you accept this disclaimer and acknowledge that the information may not be suitable for all users.
© 2025 Picki. All rights reserved.
$1.75M
$317,527
Unlock Appraised Value
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEConfidence
High
High
$1,750,000
Medium
$1,650,000
Low
$1,550,000
Confidence
Medium
Discover a charming 3-bedroom family home nestled in the tranquil area of Dromana, offering sweeping bay views and seclusion amid lush gardens. This elevated property features a solid build, making it ideal for either immediate enjoyment or as a foundation for expansion, pending council approval. Inside, you'll find a cozy kitchen, flexible living and dining spaces with polished floorboards, and a well-designed layout that separates the bedrooms from the living areas. The garden offers a serene patio space for BBQs and relaxation. Conveniently located just a short drive from Dromana and McCrae villages and stunning beaches. The master bedroom boasts an ensuite and a large walk-in-robe, while the roomy family bathroom and a sizable laundry offer ample storage solutions. Additional features include ducted heating and cooling, a double carport with on-street parking, and secure under-house storage.
Trusted by over 13k property buyers and counting...
Try Picki for FREELocation, Location, Location. Selecting an investment location set to grow, gentrify and prosper can set our investments up for success. So how do we find these High Performance locations across Australia? Property Investment is a science. Our Data Scientists have analyzed the most important factors that help identify when an area is set up for strong investment opportunities.
2021 Population
Suburbs
Retail Trade - 14.0%
Health Care and Social Assistance - 14.0%
Construction - 11.0%
Accommodation and Food Services - 10.0%
Others - 51.0%
Average Income
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Disclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Average Population
projected
for 2025 to 2027
Create a free account to access the tools and information you need to make the best property investment decisions.
Trusted by over 13,000 property buyers and counting...
Try Picki for FREEDisclaimer: A dash (’-’) indicates that there is not enough data in this area over the past 12 months to provide accurate calculations for certain metrics.
Monthly % Change in Median House Prices (Prev. Quarter)
Average Rental Yield
Average Vacancy Rate
Average Days of Supply
No data available
Average Population
Sold Price
Asking Price
Below are some similar properties in the area you may be interested in.
0%
78.7%
$1.53M
3%
Unlock Property Investment Scores
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREE-$140,000
-$57,572
1.7%
Asking Price
$1,850,000
Estimated Purchase Price
$1,790,000
Stamp Duty
$98,450
Transfer Fee
$3,616
Conveyancing
$1,196
Deposit (10%)
$179,000
Reg. Mortgage
$129
LMI Premium
$56,010
Renovation Costs
-
Total Cash/Equity Required
$338,950
Assumptions
Year 1
Year 10
Rent Received
+4.0% PA
$31,200
$44,407
Property Management
+7.7% PA
$2,402
$3,419
Rates
+3.0% PA
$1,452
$1,895
Water
+3.0% PA
$1,015
$1,324
Insurance
+3.0% PA
$1,250
$1,631
Repairs & Maintenance
+3.0% PA
$1,000
$1,305
Net Operating Income
$24,081
$34,833
Interest Repayments
$106,326
$106,326
Net Cashflow Before Tax
-$82,245
-$71,493
Depreciation
-
-
Tax Offset
-$24,674
-$21,448
Net Cashflow After Tax
-$57,572
-$50,045
Unlock the power of Picki
Create a free account to access the tools and information you need to make the best property investment decisions.
Try Picki for FREEAssumptions
Year 1
Year 10
Property Value
6.8%
$1,762,200
$3,185,638
Loan Balance
I.O
$1,611,000
$1,611,000
$151,200
$1,574,638
