Dandenong, 3175 ranked 266th in VIC when comparing growth in median property values or capital gain over the last 12 months. Dandenong is one of 2098 in our list for VIC
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Dandenong has increased when compared to the 5 year average annual rate.
At number 315th of VIC’s most discounted properties, Dandenong is in the middle of the state/territory when listing in order of most discounted to least.
In the last year 227 properties changed hands in Dandenong, which puts it as the 104th most active market in VIC when comparing the number of sales per suburb.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.37%, without taking into account capital value appreciation, which has been averaging out at 8.10%.
If you compare the increase in value of investment property in Dandenong, 3175 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was 0.00%.
The five-year average increase in median property values for Dandenong,3175 has given property investors a potential capital gain of 6.67% across each of those five years.
The most recent median price for Dandenong is $320000, with sellers offering an average of -4.32% off the asking price.
Often selling an investment property can take time, and in Dandenong the average time real estate has been on the market is 92.95 days.
Dandenong, 3175’s gross rental yield is 4.71%