The median house price in Dandenong is approximately $740,000 as at mid-2026. Units and townhouses have a median of $490,000. Dandenong is the commercial and administrative hub of Melbourne’s southeast, 30km from the CBD, and is undergoing significant infrastructure investment as part of the Greater Dandenong revitalisation program. It is one of the highest-yield suburbs in metropolitan Melbourne.
Dandenong Price History
| Year | Median House Price | Annual Growth |
|---|---|---|
| 2021 | $610,000 | +11.0% |
| 2022 | $670,000 | +9.8% |
| 2023 | $695,000 | +3.7% |
| 2024 | $718,000 | +3.3% |
| 2025 | $729,000 | +1.5% |
| 2026 | $740,000 | +1.5% |
Why Is Dandenong Affordable vs the Melbourne Median?
Dandenong trades at a significant discount to the Melbourne median ($1.1M houses) due to its outer-ring location, industrial character, and historically lower household incomes. However, the Greater Dandenong revitalisation — $290M council-led urban renewal — is transforming the precinct, and yields of 5.5–6.5% make it one of the strongest cash-flow suburbs in Victoria.
Access Off-Market Dandenong Properties
Find high-yield Dandenong investment properties before they hit the market. collings.com.au/portal
Find your next property with Collings
Track suburbs, get matched to on-market and off-market listings, and manage your whole property search in one place. Access the Collings property portal.
