124 Princes Highway, Dandenong, VIC 3175 | Property Value & History | OnTheHouse
OFF MARKET

124 Princes Highway
Dandenong VIC 3175

Bedrooms: -
Bathrooms: 1
Car spaces: -
Land area: 5022m2
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Property Details for 124 Princes Hwy, Dandenong

Building Type
Commercial
Land Size
5022m2
Local Government
Greater Dandenong
Lot/Plan
PC354851

Last Listing description (November 2012)

50 NRAS APPROVED UNITS
Exceptional Investor opportunity to purchase in total, 50 National Rental Affordability Scheme (NRAS) approved Studio Apartments. This investment offers positive cash flow and superb returns of 17.2%. The complex is located in a popular growth area with a very low vacancy rate. The Apartments are furnished and have been maintained to the very highest standard. The site also includes a large car parking area with potential for further development. Contact the Mckenzie Bond team on 1800 033 314 today.

Property History for 124 Princes Hwy, Dandenong, VIC 3175

A timeline of how this property has performed in the market
Last Sold
$4,800,000
27 Mar 2014
  • 27 Mar 2014
    Sold for $4,800,000
  • 27 Oct 2012
    Listed for Sale 8800000
  • 01 Jun 2006
    Sold for $4,375,000
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About Dandenong 3175

The size of Dandenong is approximately 11.3 square kilometres. There are 22 parks, covering nearly 16.6% of the total area. The population of Dandenong in 2016 was 29906 people. By 2021 the population was 30127 showing a population growth of 0.7% in the area during that time. The predominant age group in Dandenong is 30-39 years. Households in Dandenong are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Dandenong work in a trades occupation.In 2021, 43.10% of the homes in Dandenong were owner-occupied compared with 39.70% in 2016.

Dandenong has 18,542 properties. Over the last 5 years, Houses in Dandenong have seen a 3.55% increase in median value, while Units have seen a 12.58% increase. As at 31 July 2026:

  • The median value for Houses in Dandenong is $747,409 while the median value for Units is $474,259.
  • Houses have a median rent of $570 while Units have a median rent of $480.
There are currently 75 properties listed for sale, and 26 properties listed for rent in Dandenong on OnTheHouse. According to Cotality's data, 914 properties were sold in the past 12 months in Dandenong.

Suburb Insights for Dandenong 3175

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.