There’s real movement across Drouin and Warragul right now. Buyers are waking up to the fact that this pocket of West Gippsland is shifting, and the data backs it up. When you look at the numbers, Altura sits in one of the strongest growth corridors in regional Victoria.
Baw Baw’s economy has jumped from $2.10 billion in 2019 to 3.31 billion in 2024. That’s more than 50% growth across five years, driven by population increases, construction, and steady local investment. It’s rare for a regional LGA to show that kind of momentum, and it sends a clear message to anyone thinking long-term.
House prices are rising, too.
Median house prices across the shire now sit around $689k, with Drouin itself at about $620k. Rents are sitting firmly in the mid-500s per week, with yields around 4 – 4.5% This is where investors start paying attention. Strong rental demand, stable yields, and room for value growth make the maths work.
A sporting hub inside your community.
For owner-occupiers, the lifestyle gains are just as important.
Altura is home to the region’s future regional sports precinct, a major piece of community infrastructure that sets it apart from other estates. It brings sport, recreation, and community activity right to the doorstep. Amenities like this tend to lift property values over time and improve everyday life for the people who live nearby.
Layer in government spending on roads, hospitals, and local amenities and the picture gets even clearer. Upgrades to the Princes Highway, a new 230-bed West Gippsland Hospital now in planning, and more than $43m in council capital works this financial year.
It all points in one direction.
The numbers speak for themselves –
- Baw Baw GRP growth (2019–2024): +57.6%
- Current median house prices: Drouin $620k, Warragul $647.5k
- Median rent across the shire: $540–$550/week
- Rental yields: 4% to 4.5%
Your first step is finding the perfect block.
Blocks at Altura are positioned to make the most of the area’s stunning rural outlooks. Elevated rises, proximity to walking trails and the community recreational precincts, each block is considered. Land at Altura starts from $330,000 for a regular-shaped 392m2 block – that’s enough room for a 3 or 4 bedroom home with a compact yard; the ideal first home or addition to your investment portfolio.
With the newly expanded Home Guarantee Scheme and the First Home Owner Grant (FHOG), First Home Buyers can secure their place in Altura with a deposit less than $20,000*.
Learn more about the Home Guarantee Scheme
Speak to our team for more information.
Call Raman and the team from Essentia Projects for a copy of our latest Drouin economic report, or to make an appointment at the Altura land sales office.
House & Land Consultant
Raman Nukul 0423 693 884
*Eligibility criteria apply to all incentives and schemes. Speak to your financial adviser for personalised investment advice. Information provided is indicative only and should not be relied upon. Prices listed are accurate at the time of publication.
Sources:
- Essentia Projects: Baw Baw Shire GRP (2019 to 2024)
- view.com.au: Baw Baw Shire median prices and rents (2024)
- propertyvalue.com.au: Drouin median sale price and rent (2024)
- realestate.com.au: Warragul median sale price and rent (2024)
- Victorian Government Budget Papers 2024 to 2025 (Transport and Health)
- Australian Government Budget 2025 (Infrastructure commitments)
- Baw Baw Shire Council Capital Works Program 2024 to 2025
- Infrastructure Victoria planning documents