Median price · 7 years
Rolling 12-month median, all dwellings
$650,000+1.8% past 12 months
2020202120222023202420252026
Dandenong
Mixed signals Growth score 54 Top 93% of sample
Risk score 40 Medium · lower is better
Stability score 73 Consistent over 10 years
What drives the growth score
Nine metrics, each benchmarked against every suburb nationally. Weighted sum equals the score.
Sales momentum18% Weak · 48
Listing scarcity15% Moderate · 54
Rental demand14% Weak · 49
Days on market12% Moderate · 52
Infrastructure investment11% Strong · 79
Jobs access10% Moderate · 67
Population growth8% Weak · 40
Income growth7% Weak · 37
New supply pressure5% · negative Low · 35
Key metrics vs benchmarks
VIC column is the sample-state average; national is the whole sample.
| Metric | Dandenong | VIC | National |
|---|---|---|---|
| Median price | $650,000 | $666,000 | $734,203 |
| 12-month growth | +1.8% | +1.6% | +8.4% |
| Gross rental yield | 3.8% | 3.7% | 4.0% |
| Vacancy rate | 2.2% | 1.9% | 1.3% |
| Days on market | 38 | 41 | 31 |
| Auction clearance | 58% | 60% | 62% |
| New supply pipeline | Low | Moderate | Moderate |
Risk score components
Lower is safer. Components are read independently; the score is their weighted blend.
40Medium risk
New supply pipelineApproved dwellings vs existing stock Low · 35
Employment concentrationShare of jobs in the top two industries Moderate · 48
Price volatility, 5 yearsLargest peak-to-trough drawdown Moderate · 41
Vacancy pressureCurrent vacancy vs 2% threshold Moderate · 40
Hazard exposureFlood, bushfire and storm surge overlays Low · 33
Who lives here
ABS Census, latest release, aggregated to suburb
30,000population 34median age 45%owner-occupied 55%renting
Owner-occupiedRenting
Dandenong is a major employment hub in south-east Melbourne with strong multicultural character. The Revitalising Central Dandenong initiative and Cranbourne rail line upgrade are modernising the suburb's infrastructure and appeal.
On the ground
Committed projects and catalysts feeding the infrastructure and jobs metrics
- Revitalising Central Dandenong initiative
- Dandenong Market precinct
- Cranbourne rail line upgrade
- SE Melbourne manufacturing corridor
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