Investment property in Dandenong has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.21%
The five-year average increase in median property values for Dandenong,3175 has given property investors a potential capital gain of 27.18% across each of those five years.
Our latest figures would indicate that property sellers in Dandenong are currently offering property investors an average price cut of -5.26% below the asking price at the moment.
Advertised rents are around the $340 mark per week – giving a return of 3.47% based on the median price in Suburb
Property investors who have had real estate in Dandenong, 3175 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.93%
Dandenong,3175 has offered an average of 3.93% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.22% offered to property buyers. Sellers in Dandenong itself are offering an average vendor discount of -4.92% to real estate investors.
A $285 per week rent on the median house gives suburb investors a gross yield of circa 4.68%, without taking into account capital value appreciation, which has been averaging out at 6.44%.