Suburb Profile Report for Dandenong VIC (3175)

Dandenong House: Median price $560,000, Annual capital growth 8.51%, Number of sales 234, Weekly median advertised rent $346

Dandenong Unit: Median price $320,000, Annual capital growth 5.99%, Number of sales 374, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Dandenong has had a pretty good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 14.29% to date .

If we look at median property appreciation over just the last three months, Dandenong has given property investors a paper return of 5.66%. This puts Suburb as 135 on a list of fastest fasting appreciating suburbs in VIC

Sellers are offering property buyers an average discount of -5.44% to buyers in Dandenong at the moment, which is less than average for the rest of VIC.

Often selling an investment property can take time, and in Dandenong the average time real estate has been on the market is 74.92 days.

Property investors should expect to get $346 weekly from the median priced house in this suburb.

VIC has seen average median house prices change by 4.83% which means that Dandenong, 3175 has done well for property investors by showing a capital gain of -1.54% over the last year

Dandenong,3175 was ranked 1309 in Australia by increase in median property value over the quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Dandenong, 3175. Typically our figures indicate that -4.65% is being offered, which puts this VIC suburb at 846th most discounted overall in Australia.

Property investors should expect to get $290 weekly from the median priced house in this suburb.

YIP MAG Information supplied by:

YIP MAG
July 2015

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Big things are happening in Dandenong and investors could be among the beneficiaries.Full summary Big things are happening in Dandenong and investors could be among the beneficiaries.

Located 30km southeast of Melbourne, this suburb is currently undergoing a program called Revitalising Central Dandenong, where more than $360m has been spent so far on infrastructure upgrades and other additions and improvements around the Dandenong CBD.

The area already boasts a healthy array of shops, education options and medical facilities.

With a median house price that’s still a lot cheaper than suburbs closer to Melbourne, Dandenong is definitely one to watch for investors who are not looking to spend a huge amount of money.

Since there hasn’t been a huge amount of capital growth in recent years, the near future could be Dandenong’s time to shine.

Houses on Birdwood Ave and Hemmings St are close to shops, schools, the Eastlink and the train station.

Two and three-bedroom houses can be bought in these streets for less than $420,000.
 Close
Metrics i HOUSE UNIT
$560,000 $320,000
5.66% -1.54%
14.29% -1.54%
8.51% 5.99%
$346 $290
234 374
3.21% 4.71%
74.92 93.97

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
Find a mortgage broker in Dandenong VIC
Demographics
Total population 24919
Median household income ($/weekly) 832
Median age of persons 32
Median housing loan repayment ($/monthly) 1500
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 2735 11.0
    25-34 years 5118 20.5
    35-44 years 3456 13.9
    45-54 years 2654 10.7
    55-64 years 2151 8.6
    Others 8806 35.3
    Age Group
    Census Count Percent(%)
    Registered Married 8861 48.9
    Not Married 8545 47.1
    Defacto Relationship 722 4.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7584 33.0
    Croatia 809 3.5
    Indonesia 2793 12.1
    Sri Lanka 1550 6.7
    Other 4902 21.3
    Others 5355 23.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 1401 6.2
    Christianity 10010 44.3
    Hinduism 1934 8.6
    Islam 6015 26.6
    No Religion 2350 10.4
    Others 898 4.0
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 1057 14.3
    $600-$799 989 13.4
    $800-$999 856 11.6
    $1,000-$1,249 780 10.6
    $1,500-$1,999 755 10.2
    Others 2935 39.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 8621 46.7
    Employed, worked full-time 5451 29.5
    Employed, worked part-time 2610 14.1
    Unemployed, looking for work 1098 5.9
    Employed, away from work 676 3.7
    Person Characteristics
  • Census Count Percent(%)
    Professionals 931 10.7
    Technicians & trades workers 1565 17.9
    Clerical & administrative workers 959 11.0
    Machinery operators & drivers 1241 14.2
    Labourers 1649 18.9
    Others 2391 27.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 1417 25.8
    Secondary 1387 25.3
    Technical or Further Educational Institution 938 17.1
    University or other Tertiary Institutions 792 14.4
    Other type of educational institution 636 11.6
    Others 323 5.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11962 52.0
    Flat, unit or apartment 9431 41.0
    Semi-detached, row or terrace house, townhouse 1599 6.9
    House or flat attached to a shop, office 29 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 4296 54.0
    Fully owned 1940 24.4
    Being purchased 1657 20.8
    Other tenure type 57 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals