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Property investors have seen a 0.16% gain in DANDENONG based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains DANDENONG, 3175 saw average growth in the long term.
The VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $626,000
Profits averaged 1.74% per annum over a 3-year period, due to an upward trend in home prices in DANDENONG, 3175.
This means, real estate investors could earn a rental income of $360 based on current median home prices for the suburb.
The gross rental yield in DANDENONG, 3175 is 2.99%.
An average of 11 real estate transactions take place per month in DANDENONG which translates to 132 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $626,000 | $400,125 |
| GROWTH REPORT | ||
| Median Quarterly | 0.16% | 4.04% |
| Median 12 month | 4.33% | 14.32% |
| Median 3 years | 5.21% | 19.44% |
| Median 5 years | 38.42% | 29.07% |
| 10 years average annual | 4.72% | 3.69% |
| Weekly media advert. rent | $360 | $315 |
| Time on Market | 62.6 days | 72.1 days |
| Gross Rental Yield Percent | 2.99% | 4.09% |
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