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Property investors have seen a -5.18% drop in DANDENONG based on a decrease 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 $595,000
Profits averaged 8.42% 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 $350 based on current median home prices for the suburb.
The gross rental yield in DANDENONG, 3175 is 3.06%.
An average of 15.83 real estate transactions take place per month in DANDENONG which translates to 190 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $595,000 | $365,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.18% | 3.5% |
| Median 12 month | -2.62% | 8.96% |
| Median 3 years | 25.26% | 15.87% |
| Median 5 years | 46.91% | 21.66% |
| 10 years average annual | 6.48% | 4.64% |
| Weekly media advert. rent | $350 | $315 |
| Time on Market | 55.5 days | 61.0 days |
| Gross Rental Yield Percent | 3.06% | 4.49% |
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