Dandenong, located within the Greater Dandenong area of Victoria, has been experiencing a dynamic housing market characterized by diverse property options and evolving affordability. In recent years, the suburb has seen a mix of development that includes modern apartments and traditional standalone homes, catering to a broad spectrum of buyers and renters. The area's strategic location—offering a convenient commute to Melbourne's central business district via the Monash Freeway and public transport—makes it a desirable choice for both professionals and families. The median house prices have shown a steady increase, reflecting the growing demand driven by Dandenong's development and urban renewal projects. Additionally, government initiatives aimed at revitalizing the area have contributed to enhancing the appeal, thereby attracting more residential investments.
Living in Dandenong offers residents a blend of cultural diversity, access to amenities, and community-focused lifestyles. The suburb is known for its rich multicultural tapestry, evident in its vibrant markets, diverse restaurants, and community events that celebrate various cultures. The bustling Dandenong Market, a local staple, provides a lively atmosphere with fresh produce, international food stalls, and artisanal products. Furthermore, residents benefit from ample green spaces and recreational facilities such as parks and sporting complexes, promoting an active lifestyle. Educational opportunities are plentiful, with several primary and secondary schools, as well as tertiary institutions nearby. Overall, Dandenong offers a unique living experience that harmoniously combines the conveniences of urban life with the warmth of a close-knit community.
Median Weekly Rent | $314.38 |
Median Monthly Mortgage | $1464.71 |
Median Persons Per bed houseroom | 1.05 |
Average Household Size | 2.83 |
Average Age | 35.62 |
Average Income | $585.78 |
Average Cars Per Dwelling | 1.50 |
Average Properties Within 50M | 43 |
Typical 1 bed house | $498,000 |
Typical 2 bed house | $499,000 |
Typical 3 bed house | $903,000 |
Typical 4 bed house | $1,380,000 |
Typical 5 bed house | $1,293,000 |
Typical 6 bed+ house | $1,320,000 |
Housing Stock
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Thinking about buying in Dandenong? Now could not be a better time, with 19579 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $852,000 with prices in this suburb ranging from $195,000 to $16,721,000. Dandenong is located fairly close to the coast at just 8Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Dandenong due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Dandenong changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. High density population in Dandenong requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Dandenong we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Dandenong a better buying opportunity than it may have been in the past.
Instant Property ValuationDandenong North Primary School
Dandenong West Primary School
Dandenong Primary School
Emerson School
Dandenong South Primary School
Dandenong High School
St Mary's School
St Gerard's School
St John's Regional College
Yarraman Oaks Primary School
(While the above schools are located with the suburb of Dandenong there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.5 | 15.0 | 26.9 | 42.8 | 86.1 | 4.9 | 25.0 |
Feb | 1.7 | 15.1 | 26.4 | 45.0 | 87.0 | 4.7 | 21.1 |
Mar | 1.4 | 14.0 | 24.2 | 47.3 | 87.9 | 4.5 | 16.3 |
Apr | 2.1 | 11.1 | 20.7 | 51 | 91.3 | 3.9 | 11.8 |
May | 1.8 | 9.0 | 17.2 | 57.1 | 90.8 | 4.2 | 8.5 |
Jun | 1.8 | 6.7 | 14.6 | 63.8 | 93.5 | 3.9 | 7.3 |
Jul | 1.7 | 6.8 | 14.3 | 60.5 | 90.8 | 4.8 | 7.5 |
Aug | 1.8 | 7.3 | 14.9 | 56.3 | 90.2 | 5.0 | 10.2 |
Sept | 1.9 | 8.7 | 17.6 | 50.5 | 89.4 | 5.0 | 14.6 |
Oct | 2.0 | 9.8 | 20.4 | 48.2 | 89.9 | 4.7 | 19.6 |
Nov | 2.5 | 11.8 | 22.3 | 47.0 | 88.7 | 4.8 | 22.8 |
Dec | 2.2 | 13.5 | 24.7 | 44.1 | 87.2 | 4.8 | 25.7 |
source: Australian Government Bureau of Meteorology
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