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City of Greater Geelong

Drumcondra

Drumcondra Property Market
& Suburb Profile

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MEDIAN PRICES IN DRUMCONDRA

Median house price

(all agencies, last 12 months)$1.7m*

House price change

(all agencies, last 12 months)+3.08%

Median unit price

(all agencies, last 12 months)$549k*

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

DRUMCONDRA price TRACKER

HousesUnits

Drumcondra sales overview

  • Sold by Auction 100%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)198

Average days on market (units)

(all agencies, 12 months)28

Average held period in Drumcondra

(proptrack)12 years

Drumcondra Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$560pw

House rental price change

(all agencies, last 12 months)0.04%

Median rental price for Units

(all agencies, last 12 months)$468pw

Unit rental price change

(all agencies, last 12 months)0.03%

Average rental yield for Houses

(all agencies, last 12 months)3.46%

Average rental yield for Units

(all agencies, last 12 months)4.9%

Drumcondra total population size

(as at the last census)571

Median household size in Drumcondra

(as at the last census)2.4

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Drumcondra property types

  • Houses 40%
  • Units 27%
  • Other 33%

OCCUPANCY in Drumcondra

  • Owned 75%
  • Rented 24%
  • Other/Not Stated 1%
  • Singles 22%
  • Families 76%
  • Other 4%

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About Drumcondra

Drumcondra is a small, prestigious, residential bayside suburb of Geelong, recognized as one of the city's most exclusive and tightly-held locales. Overlooking Corio Bay, this compact area is distinguished by its elevated position and some of the most highly-prized and valuable real estate in the region, particularly along The Esplanade which affords superb views across the water.

Named after a suburb in Dublin, Ireland, Drumcondra is historically significant, with landmarks such as the magnificent Lunan House mansion, built from Barrabool sandstone in 1849, which is listed on the Victorian Heritage Register and speaks to the suburb's deep-rooted affluence.

The suburb is celebrated for its distinctive early 20th-century residential character, featuring gracious, period homes - including beautiful weatherboard, red brick Edwardian and Californian Bungalow properties - set within established garden settings. Drumcondra's boundaries are clearly defined by the Melbourne Road, Glenleith Avenue, The Esplanade, and Bell Parade, with its small size fostering a strong, neighbourly spirit.

Despite its tranquil, exclusive atmosphere, Drumcondra offers exceptional access and lifestyle convenience. The popular Bob McGovan Path runs along the waterfront, linking residents to Rippleside Park and providing a great route for walking or cycling to the Geelong CBD and its fine waterfront restaurants, often reachable within a short bike ride.

While the suburb itself is primarily residential and lacks its own major facilities, it is bordered by Rippleside and Geelong West, giving residents quick access to Pakington Street's vibrant cafes, shops, and further amenities. The property market reflects its highly desirable location, featuring a high percentage of owner-occupiers and a median house price that positions it firmly at the high end of Geelong's market.

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Sales Comparison

Find out how Drumcondra median sales prices compare to neighbouring suburbs.

Drumcondra MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
20255$1,111,7503.08%14$514pw4.18%
20245$812,50025.00%6$500pw4.28%
202310$1,226,250-1.70%19$476pw3.97%
20224$661,250-20.57%8$444pw3.68%
202113$1,122,50043.84%14$432pw3.38%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
20255$1,111,750+3.08%
20245$812,500+25.00%
202310$1,226,250-1.70%
20224$661,250-20.57%
202113$1,122,500+43.84%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
202514$514pw4.18%
20246$500pw4.28%
202319$476pw3.97%
20228$444pw3.68%
202114$432pw3.38%

PROUDLY SERVICING Drumcondra

Barry Plant
Geelong

Browse more suburbs

Rippleside

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NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.