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Greater Dandenong City, VIC

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The City of Greater Dandenong is a local government area in the south-eastern suburbs of Melbourne, Victoria. The local property market is considered to be affordable and accessible, with a wide range of properties available to suit all budgets. The area is popular with investors and first home buyers, and is considered to be a solid investment option. The market is growing steadily, with increasing demand for properties in the area.

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The Greater Dandenong economy is made up of a mix of manufacturing, retail, and service industries. Major employers in the area include Ford, Holden, and Target. There is also a large multicultural population in the area, which contributes to the economy through small businesses and cultural events.

Labourers account for 17.2 % of total employment in Greater Dandenong, followed by technicians and trades workers at 15.5 %, professionals at 13.5 %, machinery operators and drivers at 12.1 %, and clerical and administrative workers at 11.4 %. The typical weekly personal income for Greater Dandenong residents aged 15 years and older is $475.

In Greater Dandenong, 71.5 % of occupied private residences are single detached houses, 16.7 % are semi-detached, row or terrace houses, townhouses, etc., 10.7 % are flats or apartments, and 0.8 % are other dwellings.

The Greater Dandenong property market is expected to experience moderate growth in the coming years. There are a number of affordable housing options available in the area, and the population is forecast to grow steadily in the coming years. Investors should consider purchasing properties in the Greater Dandenong area as they are likely to experience moderate capital growth and rental yields in the coming years.

Use the interactive dashboard below to help you assess Greater Dandenong suburbs for property investment opportunities.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in Greater Dandenong City, VIC

What other property markets are there near Greater Dandenong City, VIC?

Greater Dandenong City is surrounded by 1 other council area – Frankston.

How many people live in Greater Dandenong City, VIC?

There are approximately 152000 people living in roughly 55000 dwellings in total, with an average household size of 2.9.

What are current and planned infrastructure projects in Greater Dandenong City, VIC?

Notable infrastructure projects include Abbotts Road Upgrade, Alan Corrigan Reserve Project, All Abilities Playground – Ross Reserve, Barry Powell Pavilion Redevelopment.

What major retailers are there in Greater Dandenong City, VIC?

The main retail centres are Dandenong Plaza, Little India, Lyn’s Store Designs, Shopping market, Swang, Parkmore Shopping Centre.

What is the main industry in Greater Dandenong City, VIC?

Such sectors as Manufacturing, Health Care & Social Assistance, Construction, Retail Trade make up the largest part of the employment.

What are the dominant demographic groups in Greater Dandenong City, VIC?

Among approximately 152000 people in Greater Dandenong City males and females make roughly 51% and 49% respectively. The median age of people is 35 years. Children aged 0-14 years account for approximately 18% of the population, and those aged 65+ years account for 14%.

How is unemployment rate trending in Greater Dandenong City, VIC?

Among approximately 67000 people employed, roughly 57% work full-time, 29% work part-time, and an estimated 10% are unemployed.

Suburbs/localities in this Local Government Area:  Bangholme 3175, Keysborough 3173, Noble Park 3174, Noble Park North 3174, Springvale 3171, Springvale South 3172, Dandenong 3175, Dandenong North 3175, Dandenong South 3175

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