Property value increases in Dandenong have tracked just higher than the VIC average of 4.41% over the last 12 months.
Across a shorter period, Dandenong, 3175 has seen a median price increase of 0.00% over the last quarter.
Property investors looking for a bargain in Dandenong should be aiming for at least -9.00% off the asking price, which is the average vendor discount being achieved at the moment.
Situated 28.90km from the CBD, Dandenong is one of Greater Dandenong (C) localities in the postcode 3175.
Dandenong has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 2.78% to date .
Over the longer term, Dandenong has seen property prices show investors a 15.63% return over the last 3 years. This is worse than over the last 12 months
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.85% offered to property buyers. Sellers in Dandenong itself are offering an average vendor discount of -8.14% to real estate investors.
Dandenong is 115th on a list of best yielding suburbs for rents in VIC with a 4.50% return