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Mount Dandenong
AREA REPORTS

Mount Dandenong

Mount Dandenong - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3767

house

MOUNT DANDENONG, 3767 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling MOUNT DANDENONG, 3767 values up and netting property investors a capital gain of 7.46% for the past year.

Investors saw the median home price rise to $951,000.

Profits due to an upward trend in home prices in the suburb averaged 15.81% per annum over a 3-year period.

MOUNT DANDENONG now ranks at the 541st place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in MOUNT DANDENONG are low, as opposed to average gains per annum over the past five years.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In MOUNT DANDENONG, homes and units usually stay on listing for an average of 37.1 days.

In 2016, 27 properties were sold in MOUNT DANDENONG during the past year, making it the 403rd most active market in VIC based on total real estate transactions.

Data report can be found below

Mount Dandenong
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $951,000 N/A
GROWTH REPORT
Median Quarterly 2.26% N/A
Median 12 month 7.46% N/A
Median 3 years 47.44% N/A
Median 5 years 32.73% N/A
10 years average annual 9.15% N/A
Weekly media advert. rent N/A N/A
Time on Market 37.1 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
1251
Weekly Household Income
1603
Household Size
2.50
Age
46
Monthly Loan Repayment
1989
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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