AREA REPORTS

Dandenong North

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 8.66% 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 46.27% 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 $375 based on current median home prices for the suburb.

On average, rents on listings have reached the $375 mark, reflecting a 3% increase in returns based on the current median price in DANDENONG NORTH.

DANDENONG NORTH, 3175 ranks 342nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 334th on the list of best yielding suburbs for rental properties in VIC, posting a 3% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $650,900 $468,500
GROWTH REPORT
Median Quarterly 0.91% 0.32%
Median 12 month 8.66% 11.55%
Median 3 years 46.27% 41.97%
Median 5 years 74.5% 52.22%
10 years average annual 8.47% 6.71%
Weekly media advert. rent $375 $330
Time on Market 62.5 days 56.1 days
Gross Rental Yield Percent 3% 3.66%
demographics (median values)
Total Population
21959
Weekly Household Income
896.2
Household Size
2.80
demographics
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