If you compare the increase in value of investment property in Mount Dandenong, 3767 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -8.14%.
Across a shorter period, Mount Dandenong, 3767 has seen a median price increase of -10.26% over the last quarter.
The most recent median price for Mount Dandenong is $677500, with sellers offering an average of -6.97% off the asking price.
Using the current median advertised rental of $475 and the average annual increase in value of a median property of 4.40%, investors should hope to achieve an overall return of 3.65%
Mount Dandenong is both a mountain and a small township situated approx 35km from the c.b.d. The mountain upon which the suburb is located was originally known as CORHANWARRABUL and is 633 metres tall (2,077ft approx) Light to moderate snowfalls occur on the mountain most years.Full summary
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Harcourts Essential Real Estate
Mount Dandenong is both a mountain and a small township situated approx 35km from the c.b.d. The mountain upon which the suburb is located was originally known as CORHANWARRABUL and is 633 metres tall (2,077ft approx) Light to moderate snowfalls occur on the mountain most years.
Excellent lifestyle , numerous parks and attractions, Sherbrooke state forest, relaxed family living amidst an array of colour from the numerous plants and flowers throughout the town. Private tranquil homes are scattered throughout.
Most sought-after properties:
Modest to grand homes ranging from the early 1900s to the late 1980s on acreage from ½ to substantial holdings of 10 plus acres.
Most common properties:
Mixture of small “miners cottages” with larger character timber homes.
Parks, gardens gymnasium, cafes and retailshops, art galleries, tea rooms, antique and bric a brac shops, golf course and forest walks
Local industry and business:
Primarily tourist and retail businesses, schools and shops.
Best streets: Ridge rd, mt Dandenong tourist rd, Prion rd
Public transport: buses
Main arteries: Maroondah highway, eastlink