Suburb Profile Report for Dandenong North VIC (3175)

Dandenong North House: Median price $519,000, Annual capital growth 8.19%, Number of sales 263, Weekly median advertised rent $350

Dandenong North Unit: Median price $375,000, Annual capital growth 5.49%, Number of sales 50, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

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%.

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
HOUSE UNIT
$519,000 $375,000
1.76% 4.17%
15.31% 17.19%
8.19% 5.49%
$350 $295
263 50
3.51% 4.09%
53.03 76

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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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
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Recent sales & rentals