Melbourne office tenants leave CBD and head to the suburbs
Experts are confident that the concept of the office will survive the COVID-19 pandemic, but are predicting work arrangements could take on ...
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 28.37% for the past year.
Investors saw the median home price rise to $848,500.
Profits due to an downward trend in home prices in the suburb averaged -0.64% per annum over a 3-year period.
MOUNT DANDENONG now ranks at the 204th 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 54.1 days.
In 2016, 26 properties were sold in MOUNT DANDENONG during the past year, making it the 394th most active market in VIC based on total real estate transactions.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $848,500 | N/A |
| GROWTH REPORT | ||
| Median Quarterly | 3.86% | N/A |
| Median 12 month | 28.37% | N/A |
| Median 3 years | -1.91% | N/A |
| Median 5 years | 41.42% | N/A |
| 10 years average annual | 7.38% | N/A |
| Weekly media advert. rent | N/A | N/A |
| Time on Market | 54.1 days | N/A |
| Gross Rental Yield Percent | N/A | N/A |
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