With a capital gain of 21.67% for the last 12 months, Mount Dandenong, 3767 has performed for property investments than its average annual 6.96% property growth over the last 5 years.
Mount Dandenong,3767 has offered an average of 21.67% 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 -5.53% offered to property buyers. Sellers in Mount Dandenong itself are offering an average vendor discount of -1.77% to real estate investors.
Renters in Suburb are facing rents around $5400 per annum or $450 every week.
Mount Dandenong is both a mountain and a small township situated approx 35km from the c.b.d. The mountain upon which the suburb is located was originally known as CORHANWARRABUL and is 633 metres tall (2,077ft approx) Light to moderate snowfalls occur on the mountain most years.Full summary
Information supplied by:
Harcourts Essential Real Estate
Mount Dandenong is both a mountain and a small township situated approx 35km from the c.b.d. The mountain upon which the suburb is located was originally known as CORHANWARRABUL and is 633 metres tall (2,077ft approx) Light to moderate snowfalls occur on the mountain most years.
Excellent lifestyle , numerous parks and attractions, Sherbrooke state forest, relaxed family living amidst an array of colour from the numerous plants and flowers throughout the town. Private tranquil homes are scattered throughout.
Most sought-after properties:
Modest to grand homes ranging from the early 1900s to the late 1980s on acreage from ½ to substantial holdings of 10 plus acres.
Most common properties:
Mixture of small “miners cottages” with larger character timber homes.
Parks, gardens gymnasium, cafes and retailshops, art galleries, tea rooms, antique and bric a brac shops, golf course and forest walks
Local industry and business:
Primarily tourist and retail businesses, schools and shops.
Best streets: Ridge rd, mt Dandenong tourist rd, Prion rd
Public transport: buses
Main arteries: Maroondah highway, eastlink