Dandenong and Noble Park are two of Melbourne’s highest-yield south-east suburbs. Both offer strong rental demand from a diverse tenant base and entry prices well below the Melbourne median.
Median Price Comparison
| Metric | Dandenong | Noble Park |
|---|---|---|
| Median House Price | $680,000 | $650,000 |
| Median Unit Price | $420,000 | $400,000 |
| Gross House Yield | 4.5% | 4.7% |
| Gross Unit Yield | 5.3% | 5.5% |
| 5-Year Growth | 36% | 34% |
| GeeVee Score | 7.1/10 | 6.9/10 |
Which Suburb Wins?
Noble Park edges Dandenong on yield. Dandenong wins on infrastructure and employment precinct strength — it is one of Victoria’s largest regional activity centres with $2 billion in government investment planned over the next decade.
Frequently Asked Questions
Is Dandenong a good investment suburb in 2026?
Dandenong offers 4.5-5.3% yields, a major employment centre and strong rental demand. The government’s Dandenong 2040 investment plan adds long-term infrastructure tailwinds.
Is Noble Park cheaper than Dandenong?
Noble Park’s median house price of $650,000 is slightly below Dandenong’s $680,000, and its yields are marginally higher, making it the value leader of the two.
Access off-market investment opportunities in Dandenong, Noble Park and Melbourne’s south-east at collings.com.au/portal.
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