Suburb Profile Report for Mount Dandenong VIC (3767)

Mount Dandenong House: Median price $680,000, Annual capital growth 6.67%, Number of sales 23, Weekly median advertised rent $470

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

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

Mark Yusuf Information supplied by:

Mark Yusuf
Harcourts Essential Real Estate

M 97546000
O 0419521065

W http://markyusuf.harcourts.com.au/
E MARK.YUSUF@HARCOURTS.COM.AU
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
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.
 
Selling points: 
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.
 
Top amenities: 
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 
 
Close
HOUSE UNIT
$680,000 N/A
13.33% N/A
12.40% N/A
6.67% N/A
$470 N/A
23 N/A
3.59% N/A
41.68 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
Find a mortgage broker in Mount Dandenong VIC
Demographics
Total population 1237
Median household income ($/weekly) 1353
Median age of persons 44
Median housing loan repayment ($/monthly) 1700
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 164 13.3
    35-44 years 161 13.0
    45-54 years 210 17.0
    55-64 years 231 18.7
    65-74 years 114 9.2
    Others 357 28.9
    Age Group
    Census Count Percent(%)
    Registered Married 496 54.6
    Not Married 317 34.9
    Defacto Relationship 95 10.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 932 77.8
    New Zealand 25 2.1
    Papua New Guinea 15 1.3
    United Kingdom 126 10.5
    Other 35 2.9
    Others 65 5.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 15 1.3
    Christianity 565 50.4
    Judaism 13 1.2
    Other Religious Groups 10 0.9
    No Religion 515 45.9
    Others 3 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 37 9.0
    $800-$999 39 9.5
    $1,000-$1,249 38 9.3
    $1,500-$1,999 67 16.4
    $2,000-$2,499 39 9.5
    Others 189 46.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 350 36.2
    Not in the labour force 324 33.5
    Employed, worked part-time 224 23.2
    Employed, away from work 43 4.5
    Unemployed, looking for work 25 2.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 116 19.0
    Professionals 184 30.1
    Technicians & trades workers 71 11.6
    Community & personal service workers 65 10.6
    Clerical & administrative workers 71 11.6
    Others 105 17.2
    Occupation
    Census Count Percent(%)
    Pre-school 31 10.7
    Infants/Primary 106 36.4
    Secondary 84 28.9
    Technical or Further Educational Institution 19 6.5
    University or other Tertiary Institutions 42 14.4
    Others 9 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1152 98.9
    Flat, unit or apartment 7 0.6
    Semi-detached, row or terrace house, townhouse 6 0.5
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 214 47.3
    Fully owned 187 41.4
    Rented 51 11.3
    Other tenure type 0 0.0
    Tenure Type
Census 2011, ABS
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