Property investors enjoyed capital gains of 10.69% over the last 12 months in DANDENONG NORTH, translating to lower returns compared with its peers in VIC.
Figures from the previous quarter show that capital gains for real estate buyers in DANDENONG NORTH are low, as opposed to average gains per annum over the past five years.
The suburb posted a 52.86% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $370 based on current median home prices for the suburb.
On average, rents on listings have reached the $370 mark, reflecting a 3% increase in returns based on the current median price in DANDENONG NORTH.
DANDENONG NORTH, 3175 ranks 347th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 343rd on the list of best yielding suburbs for rental properties in VIC, posting a 3% return.
Property investors have seen a 0.11% gain in DANDENONG NORTH based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on DANDENONG NORTH, 3175 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 11.19%.
Based on its average 5-year and quarterly capital gains DANDENONG NORTH, 3175 saw average growth in the long term.
DANDENONG NORTH, 3175 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 $467,000.
Profits due to an upward trend in home prices in DANDENONG NORTH, 3175 averaged 14.94% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $327.5 based on current median home prices for the suburb.
The gross rental yield in DANDENONG NORTH, 3175 is 3.65%.
An average of 5.75 real estate transactions take place per month in DANDENONG NORTH which translates to 69 per annum.
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