Dandy of a melting
A MULTICULTURAL hub, Dandenong is a distinctive and vibrant suburb in Melbourne’s outer southeast.
“We have a lot of new arrivals in Dandenong as it is such a multicultural area,” says O’Brien, Dandenong, director Bob Milkovic.
“It’s a lot of people’s first choice to be their first port of call in Melbourne’s southeast.”
Dandenong is home to Melbourne’s only recognised Afghan and Indian precincts.
The Afghan Bazaar runs along Thomas St, while Little India is located along Foster St, with each of these cultural zones featuring a selection of grocery shops, clothes stores, entertainment venues and restaurants.
The Dandenong Market (pictured right) is another diverse attraction with more than 200 traders open for business every Tuesday, Friday, Saturday and Sunday.
With the Victorian Government investing $300 million in central Dandenong, the suburb’s heart has had a major rejuvenation.
“The centre of the city has come a long way in recent years,” Mr Milkovic said. “There are also a lot of updates to come in the next few years.”
It is clearly a suburb on the rise, with the median house price rising 14.8 per cent in the past 12 months to $490,000, according to CoreLogic.
Another driving factor in the market is the fact neighbouring Hallam and Dandenong South are home to a large amount of industry.
“There are a lot of people wanting to live near work living in Dandenong,” Mr Milkovic said. “Forty-three per cent of Victoria’s manufacturing industry is around the corner.”
Meanwhile, units are an achievable entry point into the market place with the median price currently sitting at $307,000.
“There are a lot of investors in the area as it as an area with strong rental return,” Mr Milkovic said.
“Affordability is also attracting a lot of first-home buyers as well as buyers on a budget to the area.”