Suburb Profile Report for Dandenong North VIC (3175)

Dandenong North House: Median price $550,000, Annual capital growth 8.45%, Number of sales 259, Weekly median advertised rent $350

Dandenong North Unit: Median price $383,500, Annual capital growth 5.65%, Number of sales 49, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

VIC has seen average median house prices change by 7.68% which means that Dandenong North, 3175 has done well for property investors by showing a capital gain of 15.67% over the last year

If we look at median property appreciation over just the last three months, Dandenong North has given property investors a paper return of 5.26%. This puts Suburb as 114 on a list of fastest fasting appreciating suburbs in VIC

At number 541th of VIC’s most discounted properties, Dandenong North is in the TOP 20% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 21.58 sales per month, which equates to 259 per year.

Dandenong North has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 21.75% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Dandenong North has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Dandenong North is offering property investors an average of -5.14. This rate of discount on properties puts Suburb at number 210th in terms of most discounted suburbs in VIC

Often selling an investment property can take time, and in Dandenong North the average time real estate has been on the market is 67.35 days.

Dandenong North is 216th on a list of best yielding suburbs for rents in VIC with a 4.00% return

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
$550,000 $383,500
5.26% 1.59%
15.67% 21.75%
8.45% 5.65%
$350 $295
259 49
3.31% 4.00%
51.8 67.35

Source: CoreLogic

DSR Score for property investment : Very 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
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Recent sales & rentals