Suburb Profile Report for Dandenong North VIC (3175)

Dandenong North House: Median price $642,000, Annual capital growth 8.56%, Number of sales 258, Weekly median advertised rent $370

Dandenong North Unit: Median price $467,000, Annual capital growth 7.05%, Number of sales 69, Weekly median advertised rent $328

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

With a capital gain of 10.69% for the last 12 months, Dandenong North, 3175 has performed for property investments than its average annual 8.56% property growth over the last 5 years.

Dandenong North,3175 has offered an average of 10.69% return per annum in house price rises to property investors over the last three years.

At number 316th of VIC’s most discounted properties, Dandenong North is in the middle of the state/territory when listing in order of most discounted to least.

Residents and property investors in Dandenong North have been waiting around 51.39 days to sell a property.

Dandenong North, 3175’s gross rental yield is 3.00%

Property investors who have had real estate in Dandenong North, 3175 should be relatively pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 11.19%

If we look at median property appreciation over just the last three months, Dandenong North has given property investors a paper return of 0.11%. This puts Suburb as 255 on a list of fastest fasting appreciating suburbs in VIC

Dandenong North, 3175 is offering VIC ‘s 93th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this VIC.

With the median price for a house in Dandenong North being $467000 and the advertised rent reaching $327.5 the gross rental yield for property investors calculates out to be 3.65%

YIP MAG Information supplied by:

YIP MAG
June 2016

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Just under 30km from Melbourne’s 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
$642,000 $467,000
1.50% 0.11%
10.69% 11.19%
8.56% 7.05%
$370 $328
258 69
3.00% 3.65%
51.39 46.31

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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
Chart Table
Recent sales & rentals