Suburb Profile Report for Dandenong North VIC (3175)

Dandenong North House: Median price $555,300, Annual capital growth 8.33%, Number of sales 265, Weekly median advertised rent $350

Dandenong North Unit: Median price $388,250, Annual capital growth 5.85%, Number of sales 53, Weekly median advertised rent $295

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Dandenong North have tracked just higher than the VIC average of 8.27% over the last 12 months.

Over the longer term, Dandenong North has seen property prices show investors a 41.91% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Dandenong North is $555300, with sellers offering an average of -3.58% off the asking price.

Often selling an investment property can take time, and in Dandenong North the average time real estate has been on the market is 47.19 days.

Renters in Suburb are facing rents around $4200 per annum or $350 every week.

VIC has seen average median house prices change by 3.49% which means that Dandenong North, 3175 has done well for property investors by showing a capital gain of 13.52% over the last year

A 29.42% growth in median value for property investors in Dandenong North,3175 puts this suburb at number 273th in terms of best performing suburbs in VIC

Dandenong North3175 is located in VIC which offers an average discount of -5.13% to property investors. Dandenong North itself is showing figures that indicate -4.18% is the average achievable by property buyers investing in the suburb.

Residents and property investors in Dandenong North have been waiting around 63.91 days to sell a property.

With the median price for a house in Dandenong North being $388250 and the advertised rent reaching $295 the gross rental yield for property investors calculates out to be 3.95%

YIP MAG Information supplied by:

YIP MAG
June 2016

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Just under 30km from Melbourne’s CBD, Dandenong North has been moving along nicely in recent years.Full summary Just under 30km from Melbourne’s CBD, Dandenong North has been moving along nicely in recent years.

The suburb in Melbourne’s east is still relatively affordable, with its median house price only just north of $480,000.

That’s not to say Dandenong North hasn’t seen strong growth in recent years, as the median house price has jumped 17% over the past 12 months. 

In the past three years prices have increased 30%, and currently, houses are only spending 44 days on the market.

It’s easy to see why the suburb has been performing well recently.

The Monash and EastLink freeways provide easy access to the rest of Melbourne from Dandenong North, while the suburb is serviced by a number of private and public healthcare facilities.

There are also multiple schools nearby and entertainment options such as the Sandown Racecourse.Close
Metrics i HOUSE UNIT
$555,300 $388,250
0.96% -1.71%
13.33% 13.52%
8.33% 5.85%
$350 $295
265 53
3.28% 3.95%
47.19 63.91

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Dandenong North VIC
Demographics
Total population 21910
Median household income ($/weekly) 1031
Median age of persons 37
Median housing loan repayment ($/monthly) 1517
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 2652 12.1
    25-34 years 3156 14.4
    35-44 years 2898 13.2
    45-54 years 2874 13.1
    55-64 years 2739 12.5
    Others 7591 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 8517 51.5
    Not Married 7318 44.3
    Defacto Relationship 702 4.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 9843 47.7
    Indonesia 1025 5.0
    Sri Lanka 1096 5.3
    United Kingdom 654 3.2
    Other 2675 13.0
    Others 5355 25.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 1544 7.6
    Christianity 12857 63.6
    Hinduism 916 4.5
    Islam 2046 10.1
    No Religion 2524 12.5
    Others 327 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 790 12.2
    $600-$799 756 11.6
    $800-$999 675 10.4
    $1,000-$1,249 713 11.0
    $1,500-$1,999 858 13.2
    Others 2701 41.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 7132 42.4
    Employed, worked full-time 5688 33.8
    Employed, worked part-time 2646 15.7
    Unemployed, looking for work 726 4.3
    Employed, away from work 646 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1197 13.3
    Technicians & trades workers 1556 17.3
    Clerical & administrative workers 1346 15.0
    Machinery operators & drivers 1067 11.9
    Labourers 1247 13.9
    Others 2562 28.5
    Occupation
    Census Count Percent(%)
    Pre-school 302 6.2
    Infants/Primary 1523 31.2
    Secondary 1431 29.3
    Technical or Further Educational Institution 619 12.7
    University or other Tertiary Institutions 749 15.3
    Others 256 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 18726 90.4
    Flat, unit or apartment 1347 6.5
    Semi-detached, row or terrace house, townhouse 607 2.9
    House or flat attached to a shop, office 33 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2610 36.8
    Being purchased 2569 36.3
    Rented 1840 26.0
    Other tenure type 66 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals