VIC has seen average median house prices change by 3.76% which means that Dandenong, 3175 has done well for property investors by showing a capital gain of -2.62% over the last year
Across a shorter period, Dandenong, 3175 has seen a median price increase of -5.18% over the last quarter.
Sellers are offering property buyers an average discount of -7.54% to buyers in Dandenong at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 6.48%, investors should hope to achieve an overall return of 3.06%
Property investors who have had real estate in Dandenong, 3175 should be 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 8.96%
When looking at the potential capital gains offered to property investors over the last 3 years, Dandenong comes in at number 158th in VIC.
Property investors looking for a bargain in Dandenong should be aiming for at least -6.16% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Dandenong being $365000 and the advertised rent reaching $315 the gross rental yield for property investors calculates out to be 4.49%