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.
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:
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