dandenong north

3175, Victoria

Real Estate & Property Information

Median
Price Rank
369

dandenong north Suburb Profile & Review

Over half of all Greater Dandenong residents were born overseas in non-English speaking nations. Major ethnic groups include those from India, Sri Lanka, Northern Africa and Afghanistan. As a result, residents are spoilt for choice when it comes to dining out, especially around Thomas Street.

Food lovers are also drawn to the the Dandenong Market, which provides residents with fresh and culturally diverse produce three days a week. Dandenong Plaza houses major chains like Myer and Target, a Readings cinema complex and 180 specialty stores. Though the suburb doesn't have much of a nightlife, freeways and public transport are very convenient, and the city is only a thirty minute drive along the Monash Freeway.

There are at least fifteen primary and secondary schools in the greater area. Dandenong High School features an extensive English as a Second Language program due to its diverse student population. Dandenong is surprisingly well-served by public transport, despite being 30km outside the CBD. This is largely due to Dandenong Station, which is a major hub for the eastern bus network.

dandenong north Demographic Data

$ 395,000 Median House Price

30 Minutes Average Commute

37 Median Age

21,910 Population

50.37 % Female

49.63 % Male

5938 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in dandenong north, Victoria.

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dandenong north Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

dandenong north Median House Prices

  • 2008 $ 274,000
  • 2009 $ 309,600
  • 2010 $ 340,000
  • 2011 $ 399,500
  • 2012 $ 395,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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dandenong north 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in dandenong north have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term dandenong north property price predictions.

dandenong north Market Property Types

  • 88 % Seperate House
  • 4 % Semi Detached
  • 8 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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dandenong north Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

dandenong north Income & Mortgage Stats

  • $ 1,031 Median Weekly Household Income
  • $ 1,517 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in dandenong north

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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dandenong north Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

dandenong north Sold Property Prices

dandenong north Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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Where is The Property Market Heading?

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Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

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dandenong north Schools

  • St. Elizabeths Primary School111 Bakers Rddandenong north VIC 3175(03) 9795 5258Catholic Primary School
  • St. Gerards Primary School71 Gladstone Roaddandenong north VIC 3175(03) 9791 7553Catholic Primary School
  • Emerson Middle CampusGloria Avenuedandenong north VIC 3175(03) 8762 6466Specialist School

dandenong north Childcare

  • Happy Kids Child Care Centre187 Gladstone Roaddandenong north VIC 3175

dandenong north Kindergarten and Preschools

  • Dandenong North East Kinder10 Ingrid Streetdandenong north VIC 3175
  • Dandenong North Preschool70A McFees Roaddandenong north VIC 3175
  • Heritage Preschool2 Bakers Roaddandenong north VIC 3175

dandenong north Sporting Centres and Clubs

  • Dandenong Clubdandenong north VIC 3175Bowling Club
  • Wooranna Park T. Clubdandenong north VIC 3175Tennis Club & Courts
  • Rosswood Tennis Clubdandenong north VIC 3175Tennis Club & Courts

dandenong north Retirement Villages

  • Outlook Gardens Hostel and Retirement Villagedandenong north VIC 3175
  • Trentleigh Lodgedandenong north VIC 3175

Find out How Much your House is Worth in dandenong north

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