Property investors have seen a 2.18% gain in DANDENONG based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on DANDENONG, 3175 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 15.84%.
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 $585,000
Profits averaged 13.65% 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 $345 based on current median home prices for the suburb.
The gross rental yield in DANDENONG, 3175 is 3.07%.
An average of 19.83 real estate transactions take place per month in DANDENONG which translates to 238 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||15.84%||2.31%|
|Median 3 years||40.96%||10.47%|
|Median 5 years||53.14%||13.68%|
|10 years average annual||8.42%||5.65%|
|Weekly media advert. rent||$345||$300|
|Time on Market||61.7 days||82.4 days|
|Gross Rental Yield Percent||3.07%||4.69%|