Located around 30 kilometres southeast of Melbourne’s CBD, Dandenong North is constantly growing. Due to government investment for new facilities and transport upgrades in recent years, the suburb has become a promising area for investors in Victoria.
This Dandenong North Suburb profile aims to give you a little more information about the suburb, its demographics and property market.
Dandenong North Demographics – Who Lives There?
According to the government’s 2016 census, Dandenong North’s population was 22,459, with the predominant age group being 25-34 years old. It’s a family-friendly suburb with plenty of parks, schools and other amenities catering to all age groups.
When it comes to diversity, Dandenong North certainly doesn’t disappoint. The suburb has a mix of different cultures, religions and languages spoken. In fact, 55% of the population was born overseas! Nationalities you can expect to find in the suburb include Sri Lankan, English, Italian, Chinese and Yugoslavian.
Is Dandenong North a Good Suburb?
While the suburb isn’t known for its lively nightlife and entertainment scene, its tranquil atmosphere and abundance of green space make up for it. Here, you’ll have access to shopping centres, golf courses, libraries, public gardens and more. Private and public schools nearby are also plentiful, making it the perfect place to raise a family.
When it comes to public transport, Dandenong North’s residents face a bit of a mixed bag. While the area is serviced by both train and bus lines, its train station is located in the southern part of the suburb – not great if you’re up north. However, the suburb’s proximity to Monash Freeway and Eastlink makes private cars the most viable option for getting around.
Dandenong North Real Estate Market
Dandenong North is one of the many south-eastern suburbs that has seen major housing redevelopments in recent years. Here, you’ll find a blend of larger homes with modern features and older homes dating back to the 1970-80s. This contrast in styles gives Dandenong North a unique character loved by many.
Currently, there is an average demand for property in the real estate market, with each property receiving 593 visits. Dandenong North’s median house and unit price are $730,000 and $540,000, respectively.
Dandenong North Median House Price List
Listed below is property sales data on Dandenong North’s median property prices:
|2 Bedroom House||$599,750||2 Bedroom Unit||$450,000|
|3 Bedroom House||$710,000||3 Bedroom Unit||$595,000|
|4 Bedroom House||$802,500|
Dandenong North Rental Properties
Listed below is property sales data on Dandenong North’s property rental prices:
|Houses||Rental PW||Units||Rent PW|
|2 Bedroom House||$335||1 Bedroom Unit||$270|
|3 Bedroom House||$385||2 Bedroom Unit||$320|
|4 Bedroom House||$440||3 Bedroom Unit||$380|
Dandenong North Houses or Units – Which is Right for You?
House owners in the suburb have seen a capital growth rate of 5.4% over the last five years, with a rental yield of 2.8%. This property data is based on the house median price of $730,000, with a weekly rent of $390.
Unit owners have also seen a similar capital growth percentage at 5.7% over the same time period, with a rental yield of 3.2%. Property information is based on a median unit price of $540,000 with a weekly rent of $330.
So, what’s the verdict? Units are an excellent option due to their lower price point and higher rental yield. Houses are great for those looking for capital growth as the suburb has seen a steady increase in prices over the last few years. Whichever option you choose, Dandenong North is a great place to call home!
Safety – Dandenong North Crime Rate
Dandenong North is part of the Greater City Dandenong, with crime rate being higher than the Victoria state average. However, it’s important to note that every suburb’s crime rate within the city will vary, with some being higher than others.
Things to do in Dandenong North
This family-orientated suburb offers plenty of open spaces and parklands for recreation, as well as markets and shopping centres. Below we’ll go into more detail about a few of the more prominent areas that residents like to visit.
Dandenong North Shopping
If you’re looking for a bit of retail therapy, the Dandenong Plaza is the place to go. This regional shopping centre is located in the suburb’s heart and offers everything from clothing stores to supermarkets. You’ll also find a range of major retail outlets, including Coles, Target and Aldi and a food court with plenty of variety.
Established in 1866, Dandenong market is one of Australia’s oldest and largest markets. From over 200 market traders, you’ll encounter everything from fresh produce and meats to bakeries and deli items. The market also features “The Bazaar”, a section that sells more general goods, including clothing, electronics, toys and more. Overall, the Dandenong market represents a true melting pot of cultures and cuisines.
Just a 5 minute ride away from Dandenong North, you’ll find the Dandenong Wetlands. This area is a nature reserve that is open to the public and is great for a relaxing stroll or bike ride. The wetlands and large parkland is a sight to behold, with native wildlife and tranquil ponds making for a picturesque backdrop.
Heritage Hill Museum and Historic Gardens
This attraction provides visitors tours, classes and exhibitions, making it a place of learning and culture for all ages. It also provides artists venue space to exhibit their own shows. The museum is set in beautifully landscaped gardens with ornate heritage buildings on the property.
Dandenong North has many nearby suburbs that are worth exploring. For a bustling student town near the famous Monash University, head to Clayton. If quaint and quiet is more your style, Noble Park and Keysborough are only a short ride away.
Dandenong North Suburb Profile – A Conclusion
Dandenong North offers its residents a quiet and peaceful atmosphere, with tradition and culture around every corner. With a mix of modern and older buildings, the suburb has a unique charm that is hard to find elsewhere. The shopping and dining options are varied and cater to all tastes, making it a great destination for a day out.
If you want to learn more about Dandenong North’s property market, contact our real estate agents at OurLocalAgent. Our experts know Melbourne’s suburbs inside out and will be more than happy to help you find the perfect home.