At number 2540th in the list of Australian suburbs ordered by increase in median house value over the last year, Dingley Village, 3172 is in the BOTTOM 40% with a property value increase of 1.75% recorded in median house prices.
Across a shorter period, Dingley Village, 3172 has seen a median price increase of -2.25% over the last quarter.
Property investors looking for a bargain in Dingley Village should be aiming for at least -2.75% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 23.57km from the CBD, Dingley Village is one of Kingston localities in the postcode 3172.
Over the last year, property investments in Dingley Village, 3172 have given investors a capital gain of -6.73%. This compares very badly with the 7.73% for VIC as a whole.
While Dingley Village,3172 ranked number 281th in VIC for increase in median house value (annualised) increase, it is ranked 145th over the last 5 years.
Our latest figures would indicate that property sellers in Dingley Village are currently offering property investors an average price cut of -1.19% below the asking price at the moment.
In the last year 45 properties changed hands in Dingley Village, which puts it as the 186th most active market in VIC when comparing the number of sales per suburb.
With the median price for a house in Dingley Village being $550750 and the advertised rent reaching $460 the gross rental yield for property investors calculates out to be 4.34%