At number 546th in the list of Australian suburbs ordered by increase in median house value over the last year, Dandenong North, 3175 is in the top 20% with a property value increase of 15.31% recorded in median house prices.
If we look at median property appreciation over just the last three months, Dandenong North has given property investors a paper return of 1.76%. This puts Suburb as 276 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Dandenong North itself are offering an average vendor discount of -3.63% to real estate investors.
Dandenong North, 3175’s gross rental yield is 3.51%
Over the last year, property investments in Dandenong North, 3175 have given investors a capital gain of 17.19%. This compares very favourably with the 3.56% for VIC as a whole.
Comparing Dandenong North,3175 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -4.28% to buyers in Dandenong North at the moment, which is less than average for the rest of VIC.
A $295 per week rent on the median house gives suburb investors a gross yield of circa 4.09%, without taking into account capital value appreciation, which has been averaging out at 5.49%.