Why Dandenong is a strong investment opportunity

Located 30-kilometres south-east of the Melbourne CBD, Dandenong North is a colourful and family-friendly community boasting affordable home prices and a range of modern living options.

Spacious homes, a vibrant multicultural community and easy access to the Melbourne CBD have transformed Dandenong North into a thriving cultural hub.

Residents of Dandenong North enjoy an eclectic mix of global food at Dandenong Market, excellent shopping at Waverley Gardens and world-class sporting facilities at the Dandenong Oasis.

Dandenong North is surrounded by great parks with the Essex Reserve, Churchill National Park and Tirhatuan Park all within short driving distance. Recreational centres like the Dandenong City Soccer Club and Dandenong Basketball are ideal for sports lovers while the Drum Theatre and annual Greater Dandenong Film Festival offer great amusement for cinemagoers. Families have the choice of a wide selection of state secondary and primary schools and with the Dandenong Rushes just moments away, there is ample opportunity for outdoor adventures. With this unique mix of small town charm and metropolitan convenience, Dandenong North has become one of the fastest growing property markets in the state. According to the Real Estate Institute of Victoria (REIV) , house values in Dandenong North rose 14 per cent in the December quarter, ranking it amongst the top five growth suburbs in all of Victoria. Families have flocked to Dandenong North, attracted by the suburb’s affordable prices and sleek, new-look apartments and townhouses. RP Data indicates that the median price for a house in Dandenong North is $410,000, much lower than the city average of $669,000 , while median unit prices are $310,000, far below the Melbourne average of $511,500. Today, residents of Dandenong North can enjoy all the trimmings of an inner city home without the hefty price tag. Rental properties in Dandenong North are also highly sought after. The 2011 Census indicates that 25 per cent of residents lease their property with the weekly median advertised rent for a house and unit costing $340 and $285, respectively. For investors and first-home owners, Dandenong North is an opportunity to find a spacious, modern home in a friendly environment and just moments away from the buzz of the Melbourne CBD.

¹Real Estate Institute of Victoria (2015), “December Q 2014 Growth Suburbs”, REIV.
² RP Data, “Suburb Profile Report For Dandenong North (3175)”. Your Investment Property.
³REIV (2015), “Melbourne’s median house price remains solid in December quarter”, REIV.
⁴Australian Bureau of Statistics (2011), “2011 Census QuickStats: North Dandenong”. ABS.

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