FairSquare analyses every Australian suburb for property investors — score, yield, risk and a full investment verdict.
FairSquare's model rates Dandenong, Victoria 6.5 out of 10 (Proceed with Caution) as of May 2026.
Dandenong presents an opportunity due to its established status as a significant economic and employment hub in Melbourne's southeast, 35 kilometres from the CBD. This robust local economy and accessible price point attracts a diverse, stable tenant demographic, resulting in a very low 1.2 percent vacancy rate and reliable rental income, despite moderate capital growth.
The median price is derived, not estimated. Every number on this page traces back to the model's proprietary yield surface — calibrated for each part of the country and resolved against distance from CBD. The price falls out of the formula.
Inputs for this suburb sit at the top of our calibration tier. The model is not guessing.
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Unlock 9 signals — A$25 →FairSquare's model rates Dandenong, Victoria 6.5 out of 10 (Proceed with Caution) as of May 2026. Dandenong presents an opportunity due to its established status as a significant economic and employment hub in Melbourne's southeast, 35 kilometres from the CBD. This robust local economy and accessible price point attracts a diverse, stable tenant demographic, resulting in a very low 1.2 percent vacancy rate and reliable rental income, despite moderate capital growth.
The median house price in Dandenong, VIC is $712K. Weekly rent of $520 against a 3.8% gross yield underpins this figure.
Dandenong has a gross rental yield of 3.8%, with a median weekly rent of $520. 12-month price growth is tracking at +6.0%.
Based on its market signals, Dandenong aligns with: Entry Level.