If you compare the increase in value of investment property in Dandenong, 3175 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 15.15%.
If we look at median property appreciation over just the last three months, Dandenong has given property investors a paper return of 5.55%. This puts Suburb as 129 on a list of fastest fasting appreciating suburbs in VIC
Vendor discounting in Dandenong is giving property investors an average Vendor Discount of around -5.95%. This puts suburb at number 197th in VIC when ranking the most discounted suburbs.
Advertised rents are around the $346 mark per week – giving a return of 3.16% based on the median price in Suburb
At number 1252th in the list of Australian suburbs ordered by increase in median house value over the last year, Dandenong, 3175 is in the BOTTOM 30% with a property value increase of -1.84% recorded in median house prices.
The five-year average increase in median property values for Dandenong,3175 has given property investors a potential capital gain of 8.49% across each of those five years.
Vendor discounting in Dandenong is giving property investors an average Vendor Discount of around -4.52%. This puts suburb at number 166th in VIC when ranking the most discounted suburbs.
Using the current median advertised rental of $290 and the average annual increase in value of a median property of 5.59%, investors should hope to achieve an overall return of 4.71%