Mount Dandenong has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -2.00% to date .
Over the longer term, Mount Dandenong has seen property prices show investors a 19.27% return over the last 3 years. This is worse than over the last 12 months
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Mount Dandenong, 3767. Typically our figures indicate that -7.69% is being offered, which puts this VIC suburb at 905th most discounted overall in Australia.
Situated 34.78km from the CBD, Mount Dandenong is one of Yarra Ranges localities in the postcode 3767.
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