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Condo prices · D10

Draycott Eight

Draycott Park · D10 · Core central region · Condominium

The median sale at Draycott Eight was $3,300,000 — $2,162 psf — across 33 transactions between Oct 2021 and Aug 2026. 99-year lease from 1997.

Median price
$3,300,000
33 sales in the window.
Median per sq ft
$2,162 psf
Median unit 1,798 sq ft.
Lease remaining
70 years
99-year lease from 1997

What it costs per month of lease

A lease is a wasting asset. Spread the median price across the months of lease that are left and the figure is comparable between a dear flat with a long lease and a cheap one with a short one — which is the comparison a price alone cannot make.

Price per month of lease
$3,929
$3,300,000 over 70 years remaining.
Per sq ft per year
$26.23
What a square foot of this development costs for one year of lease.
Lease expires
2096
29 per cent of the lease already run.

This is the purchase price divided by the lease, and nothing else. It excludes stamp duty, the interest on a mortgage, maintenance and property tax. The calculator adds those.

Year by year

Too few sales in one or both ends of the window to quote a change, so the years are given as they are.

  • 2021two sales$2067
  • 2022six sales$2141
  • 2023five sales$2114
  • 2024two sales$2013
  • 2025nine sales$2172
  • 2026nine sales$2279
Show the figures
YearMedian pricePer sq ftSales
2021$4,225,000$2,067 psf2
2022$4,595,000$2,141 psf6
2023$2,560,000$2,114 psf5
2024$4,640,000$2,013 psf2
2025$6,000,000$2,172 psf9
2026$3,050,000$2,279 psf9

What it rents for

URA’s median of rental contracts lodged at Draycott Eight in 2026Q3, per square foot per month.

Median rent per sq ft
$5.53
A month. Middle half of contracts ran $5.53 to $6.14.
Gross yield
3.07%
A year of median rent against the median sale price.
Median sale per sq ft
$2,162 psf
The figure the rent is divided into.

Gross, and the word is doing work. It is before property tax, maintenance and sinking fund, agent commission on each new tenancy, the months between tenants, income tax on the rent, and the mortgage. A net figure would need assumptions about a particular buyer that this site does not get to make.

Other developments in D10

Transactions from the Urban Redevelopment Authority, covering Oct 2021 to Oct 2026. URA publishes a rolling five-year window; months before it are held in this site’s own archive. A caveat is lodged after a sale is agreed, so the most recent weeks are always incomplete.