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Property investors have seen a 3.41% 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 $675,000
Profits averaged 3.02% 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 $362.5 based on current median home prices for the suburb.
The gross rental yield in DANDENONG, 3175 is 2.79%.
An average of 14.25 real estate transactions take place per month in DANDENONG which translates to 171 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8%||9.2%|
|Median 3 years||9.05%||16.02%|
|Median 5 years||35%||29.23%|
|10 years average annual||5.47%||3.94%|
|Weekly media advert. rent||$362.5||$320|
|Time on Market||64.2 days||64.4 days|
|Gross Rental Yield Percent||2.79%||3.96%|