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Dandenong North, VIC 3175

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Dandenong North, VIC 3175 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

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3BR

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5BR

Rent 

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

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3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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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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0 thoughts on “Dandenong North, VIC 3175”

  1. The total adult population (15 years or older) of Dandenong North 3175 VIC is 18,609, with a median age of 38. Of those, 49.84% are married, 11.38% are divorced or separated, 32.94% are single and 5.81% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $6,560. The median monthly mortgage repayment for households in this suburb is $1,733 which is 26.42% of their earnings.

    Source: ABS Census Data (2021)

  2. Dandenong North, postcode 3175, located within Victoria, is a burgeoning suburb estimated to position around 8814 households. As we stroll into Q3 2023, the typical house prices within Dandenong North are seen circulating at around $758,916. The median weekly rent for these properties cha-chings at $406, unfolding an indicative yield of 2.78%. Although the yield seems to submerge below the threshold of 3% – the baseline attractive yield for cashflow-rooted property investors – it’s crucial to remain watchful of the multitude of other metrics at play in Dandenong North’s property market.

    Coming to the suburb’s socio-economic metrics, it scores 934 out of a 1217 IRSAD score. Although not a highest, this score indicates a relatively favourably socio-economic standing for the population, shedding light onto the residents’ access to economic resources and their income distribution.

    The suburb’s renter to owner ratio stands at 28%, leaning towards the favourable end of the spectrum as a market low on rental oversaturation can potentially lead to higher long-term returns. Remarkably, the units to houses ratio is also healthily balanced at 18% indicating a market that is not swamped with rental units thereby reducing landlord competition and potentially upkeeping the rental yields.

    The affordability index gauges to 45 years in Dandenong North, suggesting decreased affordability compared to areas under the favourable 30-year mark. However, dwelling into the supply metrics evokes a more positive landscape with the stock on market Percentage for houses resting at a favourable low 0.33% and the inventory level for houses standing at 1.33 months – indicating a thriving market low on supply.

    The building approvals ratio swinging at 0.63% unveils a potential influx of new residential buildings in the offing, although the rate is within the vicinity of the acceptable maximum of 2%. Shifting our spotlight to demand indicators, the suburb records an average ‘Days on Market’ for houses at 41 days, slightly exceeding the favourable threshold of 35 days but still far from the concerning 90-day mark. The vacancy rate, including houses and units, signals a high-demand scenario at a low 0.93%.

    The buy search index for houses, however, stands at 3, illuminating a potentially lukewarm demand. Nevertheless, as the dynamics of property investment echo the harmonious interplay of numerous metrics, it will be important to monitor this index in juxtaposition with other market markers. Regardless of some metrics that may seem to be in unfavourable terrain, the majority of the others point towards an encouraging environment for property investors. With metrics such as the low Stock on Market, the RCS analytics developed by HtAG makes Dandenong North an interesting suburb to keep an eye on for potential investment opportunities.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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