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Greater Dandenong
VIC, 3175

Thinking about buying in Greater Dandenong? Now could not be a better time, with 758 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,423,000 with prices in this suburb ranging from $354,000 to $4,753,000. Greater Dandenong is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Household Makeup

Median Weekly Rent $393.71
Median Monthly Mortgage $1633.86
Median Persons Per Bedroom 0.73
Average Household Size 2.00
Average Age 56.00
Average Income $730.14
Average Cars Per Dwelling 1.63
Average Properties Within 50M 19

Housing Stock

Average Property Prices

1 Bed  $3,120,000
2 Bed  $437,000
4 Bed  $2,817,000
6 Bed+$2,921,000

Greater Dandenong Real Estate Market Outlook

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 Greater 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 Greater 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 Greater 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 Greater 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 Greater Dandenong a better buying opportunity than it may have been in the past.

Houses for sale Greater Dandenong

Ray White 3 BANKSIA CT, BANGHOLME, VIC, 3175 Beds2 Bathrooms1 Parking 2 470000

Local Schools

Cornish College

Chelsea Heights Primary School

Patterson Lakes Primary School

Aspendale Gardens Primary School

Mt Hira College

Bonbeach Primary School

Chelsea Primary School

(While the above schools are located with the suburb of Greater Dandenong there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Greater Dandenong weather - Average Local Climate by month

(mm)
RAIN
Min (°C)
TEMP
Max (°C)
TEMP
Min (%)
HUMIDITY
Max (%)
HUMIDITY
(m/sec)
WIND
(MJ/sq m)
SOLAR
Jan1.515.026.942.886.14.925.0
Feb1.715.126.445.087.04.721.1
Mar1.414.024.247.387.94.516.3
Apr2.111.120.75191.33.911.8
May1.89.017.257.190.84.28.5
Jun1.86.714.663.893.53.97.3
Jul1.76.814.360.590.84.87.5
Aug1.87.314.956.390.25.010.2
Sept1.98.717.650.589.45.014.6
Oct2.09.820.448.289.94.719.6
Nov2.511.822.347.088.74.822.8
Dec2.213.524.744.187.24.825.7

source: Australian Government Bureau of Meteorology


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Nearby Suburbs

BangholmePatterson LakesBonbeachChelseaKeysboroughDandenong SouthSandhurstCarrum DownsCarrumEdithvale

Public Transport


General Points of Interest

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