If you compare the increase in value of investment property in Dandenong North, 3175 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 15.22%.
Over the longer term, Dandenong North has seen property prices show investors a 39.47% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -3.63% to buyers in Dandenong North at the moment, which is less than average for the rest of VIC.
In the last year 257 properties changed hands in Dandenong North, which puts it as the 74th most active market in VIC when comparing the number of sales per suburb.
Dandenong North is 353th on a list of best yielding suburbs for rents in VIC with a 3.43% return
With a capital gain of 19.22% for the last 12 months, Dandenong North, 3175 has performed for property investments than its average annual 5.99% property growth over the last 5 years.
While Dandenong North,3175 ranked number 38th in VIC for increase in median house value (annualised) increase, it is ranked 98th over the last 5 years.
Dandenong North, 3175 is offering VIC ‘s 215th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
Often selling an investment property can take time, and in Dandenong North the average time real estate has been on the market is 67.33 days.
Using the current median advertised rental of $295 and the average annual increase in value of a median property of 5.99%, investors should hope to achieve an overall return of 4.02%