Giving property investors a a solid capital gain of 17.62% for the last year, Dandenong, 3175 is the 672th highest performer in Australia in this respect.
Dandenong,3175 has offered an average of 17.62% return per annum in house price rises to property investors over the last three years.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -3.33% offered to property buyers. Sellers in Dandenong itself are offering an average vendor discount of -0.83% to real estate investors.
A $350 per week rent on the median house gives suburb investors a gross yield of circa 3.07%, without taking into account capital value appreciation, which has been averaging out at 8.19%.
Over the last year, property investments in Dandenong, 3175 have given investors a capital gain of 4.36%. This compares averagely with the 6.72% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Dandenong has increased when compared to the 5 year average annual rate.
Dandenong, 3175 is offering VIC ‘s 15th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of 5.64%, investors should hope to achieve an overall return of 4.66%