Dandenong is Melbourne’s second CBD — Victoria’s largest regional activity centre outside the Melbourne CBD, with over 65,000 jobs, a $1B hospital precinct, the Dandenong TAFE, and direct rail access to the city. For investors, the combination of Melbourne’s lowest median house prices in an established activity centre and some of the strongest rental yields in metropolitan Victoria makes Dandenong a compelling proposition.
Dandenong Property Market Snapshot 2026
| Metric | Houses | Units |
|---|---|---|
| Median Price | $740,000 | $460,000 |
| Gross Rental Yield | 5.1% | 6.0% |
| Annual Growth (5yr avg) | 5.4% | 4.8% |
| Median Weekly Rent | $620 | $450 |
| Days on Market | 19 | 15 |
| Vacancy Rate | 0.9% | 1.2% |
Dandenong Investment Score — GeeVee Analysis
| Factor | Score | Comment |
|---|---|---|
| Rental Yield | 8.5 | Units at 6.0% — exceptional for metro Melbourne |
| Capital Growth | 7.0 | Steady 5.4% annual, employment anchor |
| Infrastructure | 8.0 | Hospital precinct, TAFE, rail, road upgrades |
| Vacancy Rate | 9.0 | 0.9% — tightest in southeast Melbourne |
| GeeVee Score | 8.0/10 | Best yield-per-dollar in Melbourne metro |
Access Off-Market Properties in Dandenong
The Collings Property Portal gives buyers free access to off-market and pre-market listings across Dandenong and the southeastern corridor. Join free at collings.com.au/portal
Whether you’re buying your first investment property, building a portfolio, or exploring SMSF property investment, the Collings Property Platform gives you access to off-market opportunities, portfolio tracking, investment tools, and property insights powered by GeeVee AI. Join free today and start building your property future. collings.com.au/portal
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