Greater Dandenong City, VIC

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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Capital Growth Heatmap

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.

Buy

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Yield chart
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Demand chart
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Index chart

How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced property market metrics that indicate real estate demand and supply in this LGA.

Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart

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.

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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