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Dandenong, VIC 3175

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, 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

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, VIC 3175”

  1. The total adult population (15 years or older) of Dandenong 3175 VIC is 24,425, with a median age of 33. Of those, 47.13% are married, 12.52% are divorced or separated, 34.89% are single and 5.44% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $5,652. The median monthly mortgage repayment for households in this suburb is $1,517 which is 26.84% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the state of Victoria (VIC), the bustling suburb of Dandenong, postcode 3175, boasts an estimated 15,277 households, offering a blend of housing varieties. As we reach the third quarter of 2023, the market indicators for houses within the suburb are presenting some unique characteristics worth delving into.

    The typical house price in Dandenong sits at a moderate $685,980. For the potential property investor, this is paired with a median weekly rent of $413, generating an attractive indicative yield of approximately 3.13%.

    Dandenong has an IRSAD score of 870 out of 1217, which indicates a fairly balanced socio-economic status within the neighbourhood. However, it’s interesting to note that the renter to owner ratio is 53%; a value above the optimal range which could suggest a high level of competition among rental property investors. Moreover, the units to houses ratio is 56%, which indicates that the market has a slightly higher proportion of units (apartments, flats, studios) compared to houses.

    The affordability index for houses in Dandenong presents a figure of 48 years. This metric, which gauges how long it would take to fully own a property, implies a relatively lower degree of affordability within Dandenong’s housing market.

    When turning to supply metrics, the suburb boasts an impressively low stock on market Percentage of 0.2% for houses. The inventory level for houses is just as favourable, landing at approximately 0.8 months. Likewise, the building approvals ratio is a moderate 0.55%, indicating a balanced addition of new dwelling stock to the market.

    Meanwhile, with an average of 8 days on the market for houses, demand appears to be high, suggesting properties in Dandenong are quickly being snapped up by buyers. This is further underscored by the extremely low combined vacancy rate of 0.6%, indicating a tight rental market. However, it’s worth noting that the buy search index for houses stands at a more moderate 3.

    While each of these metrics offers insights into the Dandenong property market, it’s crucial to consider them as part of a broader trend. HtAG Analytics’ Relative Composite Score (RCS) is one tool that can assist in this, assessing over 80 metrics to provide a more holistic market overview. It’s important to leverage these data points in line with strategic real estate decisions and to consistently stay informed about the latest market developments.

    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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