Mount Dandenong is in the TOP 30% in VIC when comparing median price capital growth over the last year. Mount Dandenong gave property investors a good capital gain figure when compared to the rest of the state, with 12.40%.
Comparing Mount Dandenong,3767 ‘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 Mount Dandenong is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 434th in terms of most discounted suburbs in VIC
Advertised rents are around the $470 mark per week – giving a return of 3.59% based on the median price in Suburb
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