Is DRUMCONDRA a good suburb for positive geared property investment in Australia?

DRUMCONDRA in VIC currently features property rental yields up to 3.5% with a 12-month capital growth value of Down -5.1%. Under standard conditions, suburbs with yields above 5.0% represent strong positive gearing potential.

What is the median house price in DRUMCONDRA 3215?

The median house price in DRUMCONDRA 3215 is approximately $1,550,000 based on the latest tracked market indices.

Investment Spotlight • Australia

DRUMCONDRA 3215

State: VIC

Updated: 6 August 2026

PosiProp AI Investment Summary

DRUMCONDRA (VIC 3215) offers a compelling profile for property investors. The suburb currently holds an average rental yield of 3.5% and has experienced a 12-month capital growth of Down -5.1%, with a median house buy price of $1,550,000. This combination provides a balanced growth-and-yield potential for investment portfolios in Australia.

Positive Gearing Potential Verified: Suburb rental index metrics qualify Richmond for positive cash flow portfolios. Review the price brackets and explore the live listings below.

Market Yield & Price Indices

2 house • buy

$1,460,000

Not available 3.5% Yield

3 house • buy

–

Not available 3.5% Yield

4 house • buy

$1,550,000

Down -5.1% 3.5% Yield

all house • buy

$1,550,000

Down -5.1% 3.5% Yield

Suburb Market Profile

Last month Drumcondra had 1 property available for rent and 2 properties for sale. Median sold prices over the last year is $1,550,000 for houses. If you are looking for an investment property, consider houses in Drumcondra rent out for $810 PW with an annual rental yield of 3.5% and units rent for $400 PW with a rental yield of 4.9%. Drumcondra has seen an annual compound growth rate of -5.1% for houses.

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