VIC has seen average median house prices change by 8.62% which means that Dandenong, 3175 has done well for property investors by showing a capital gain of 8.62% over the last year
When looking at the potential capital gains offered to property investors over the last 3 years, Dandenong comes in at number 243th in VIC.
Our latest figures would indicate that property sellers in Dandenong are currently offering property investors an average price cut of -5.37% below the asking price at the moment.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 6.98%, investors should hope to achieve an overall return of 2.89%
At number 482th in the list of Australian suburbs ordered by increase in median house value over the last year, Dandenong, 3175 is in the top 30% with a property value increase of 8.43% recorded in median house prices.
A 23.92% growth in median value for property investors in Dandenong,3175 puts this suburb at number 106th in terms of best performing suburbs in VIC
At number 149th of VIC’s most discounted properties, Dandenong is in the middle of the state/territory when listing in order of most discounted to least.
Dandenong is 112th on a list of best yielding suburbs for rents in VIC with a 4.41% return