Suburb Profile Report for Dandenong North VIC (3175)

Dandenong North House: Median price $650,000, Annual capital growth 8.28%, Number of sales 230, Weekly median advertised rent $375

Dandenong North Unit: Median price $470,125, Annual capital growth 6.71%, Number of sales 56, Weekly median advertised rent $335

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

Property value increases in Dandenong North have tracked close to the VIC average of 7.88% over the last 12 months.

Dandenong North,3175 has offered an average of 7.44% return per annum in house price rises to property investors over the last three years.

The most recent median price for Dandenong North is $650000, with sellers offering an average of -5.62% off the asking price.

At number 1234 in a list of fastest selling suburbs, Dandenong North is in the TOP 40% of suburbs in Australia with an average of days on market 60.95 for properties listed there.

Renters in Suburb are facing rents around $19500 per annum or $375 every week.

Investment property in Dandenong North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.93%

The five-year average increase in median property values for Dandenong North,3175 has given property investors a potential capital gain of 47.61% across each of those five years.

Sellers are offering property buyers an average discount of -6.01% to buyers in Dandenong North at the moment, which is less than average for the rest of VIC.

In the last year 56 properties changed hands in Dandenong North, which puts it as the 150th most active market in VIC when comparing the number of sales per suburb.

With the median price for a house in Dandenong North being $470125 and the advertised rent reaching $335 the gross rental yield for property investors calculates out to be 3.71%

YIP MAG Information supplied by:

YIP MAG
June 2016

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Just under 30km from Melbourne‚Äôs CBD, Dandenong North has been moving¬†along nicely in recent years.Full summary Just under 30km from Melbourne’s CBD, Dandenong North has been moving along nicely in recent years.

The suburb in Melbourne’s east is still relatively affordable, with its median house price only just north of $480,000.

That’s not to say Dandenong North hasn’t seen strong growth in recent years, as the median house price has jumped 17% over the past 12 months. 

In the past three years prices have increased 30%, and currently, houses are only spending 44 days on the market.

It’s easy to see why the suburb has been performing well recently.

The Monash and EastLink freeways provide easy access to the rest of Melbourne from Dandenong North, while the suburb is serviced by a number of private and public healthcare facilities.

There are also multiple schools nearby and entertainment options such as the Sandown Racecourse.Close
Metrics i HOUSE UNIT
$650,000 $470,125
0.27% 0.67%
7.44% 11.93%
8.28% 6.71%
$375 $335
230 56
3.00% 3.71%
60.95 52.47

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 21910
Median household income ($/weekly) 1031
Median age of persons 37
Median housing loan repayment ($/monthly) 1517
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 2652 12.1
    25-34 years 3156 14.4
    35-44 years 2898 13.2
    45-54 years 2874 13.1
    55-64 years 2739 12.5
    Others 7591 34.6
    Age Group
    Census Count Percent(%)
    Registered Married 8517 51.5
    Not Married 7318 44.3
    Defacto Relationship 702 4.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 9843 47.7
    Indonesia 1025 5.0
    Sri Lanka 1096 5.3
    United Kingdom 654 3.2
    Other 2675 13.0
    Others 5355 25.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 1544 7.6
    Christianity 12857 63.6
    Hinduism 916 4.5
    Islam 2046 10.1
    No Religion 2524 12.5
    Others 327 1.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 790 12.2
    $600-$799 756 11.6
    $800-$999 675 10.4
    $1,000-$1,249 713 11.0
    $1,500-$1,999 858 13.2
    Others 2701 41.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 7132 42.4
    Employed, worked full-time 5688 33.8
    Employed, worked part-time 2646 15.7
    Unemployed, looking for work 726 4.3
    Employed, away from work 646 3.8
    Person Characteristics
  • Census Count Percent(%)
    Professionals 1197 13.3
    Technicians & trades workers 1556 17.3
    Clerical & administrative workers 1346 15.0
    Machinery operators & drivers 1067 11.9
    Labourers 1247 13.9
    Others 2562 28.5
    Occupation
    Census Count Percent(%)
    Pre-school 302 6.2
    Infants/Primary 1523 31.2
    Secondary 1431 29.3
    Technical or Further Educational Institution 619 12.7
    University or other Tertiary Institutions 749 15.3
    Others 256 5.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 18726 90.4
    Flat, unit or apartment 1347 6.5
    Semi-detached, row or terrace house, townhouse 607 2.9
    House or flat attached to a shop, office 33 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2610 36.8
    Being purchased 2569 36.3
    Rented 1840 26.0
    Other tenure type 66 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals