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Suburb Insights ยท VIC 3249

Dreeite 3249, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Dreeite is a regional centre in Victoria, Australia, with a population of approximately 77, making it a boutique locality. Located approximately 133 km from the Melbourne CBD, Dreeite is a regional area in Victoria. The median household income is $71,448 AUD per year (ABS 2021 Census).

Investment Score

33 / 100 Weak

Lower income levels in Dreeite typically translate to more affordable entry points for investors. Regional positioning means lower entry costs but potentially longer hold periods for capital gains.

Location

Map shows Dreeite, Victoria, Australia.

Key Indicators

Postcode
3249

Official Australia Post postcode for Dreeite. A postcode may cover multiple suburbs.

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Population
77

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$350/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

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Median Household Income
$71,448/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
133 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$1,600/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
69% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

As a regional centre, Dreeite serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $350/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $1,600/month.

Investment Strategy

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Buy & Hold

A buy-and-hold approach in Dreeite could work well with careful property selection and a longer time horizon.

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Rental Yield

Rental yields in Dreeite are moderate โ€” screen for properties that offer above-average returns.

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Renovation / Flip

Limited buyer depth in Dreeite makes flip strategies higher-risk โ€” consider rental conversion instead.

Risk Factors

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Full Property Analysis

30-year projections for Dreeite

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Low Rental Demand: Low Investor Sentiment: Low

Capital growth in Dreeite may remain subdued in 2026, with limited demand drivers in the near term. Landlords in Dreeite may face longer tenant search times; competitive pricing will be important. Sentiment is subdued, though improving local conditions could shift perceptions over time.

Frequently Asked Questions

Is Dreeite a good suburb for investment?

Dreeite is a regional area in Victoria with a population of 77. The median rent is $350/week and the median household income is $71,448/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Dreeite?

Key demand drivers in Dreeite include regional employment hubs, lifestyle, and affordability. 69% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Dreeite?

According to the ABS 2021 Census, Dreeite has a population of approximately 77. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Dreeite from the Melbourne CBD?

Dreeite is approximately 133 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). As a regional or remote location, travel to the capital is significant โ€” local amenities and employment are important investment considerations.

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