AREA REPORTS

Dandenong

VIC/
Dandenong

Suburb Profile

Dandenong - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3175

house
unit

Property investors have seen a -0.79% 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 $617,500

Profits averaged 12.41% 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 2.95%.

An average of 19.5 real estate transactions take place per month in DANDENONG which translates to 234 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $617,500 $350,000
GROWTH REPORT
Median Quarterly -0.79% 0%
Median 12 month 6.47% 5.58%
Median 3 years 37.22% 14.75%
Median 5 years 60.39% 20.48%
10 years average annual 6.76% 4.49%
Weekly media advert. rent $350 $305
Time on Market 82.5 days 66.8 days
Gross Rental Yield Percent 2.95% 4.53%
demographics (median values)
Total Population
16733
Weekly Household Income
625.2
Household Size
2.40
demographics
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