Investment property in Dandenong has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.65%
Comparing Dandenong,3175 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
LACK OF BUYER INTEREST may well be the reason that Dandenong is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 538th in terms of most discounted suburbs in VIC
A $340 per week rent on the median house gives suburb investors a gross yield of circa 3.40%, without taking into account capital value appreciation, which has been averaging out at 7.93%.
With a capital gain of 2.26% for the last 12 months, Dandenong, 3175 has performed for property investments than its average annual 6.03% property growth over the last 5 years.
When looking at the potential capital gains offered to property investors over the last 3 years, Dandenong comes in at number 257th in VIC.
Vendor discounting in Dandenong is giving property investors an average Vendor Discount of around -5.13%. This puts suburb at number 137th in VIC when ranking the most discounted suburbs.
Dandenong is 126th on a list of best yielding suburbs for rents in VIC with a 4.68% return