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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.
| 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% |
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