Dandy of a melt­ing

Herald Sun - Property - - SUBURB PROFILE - JOR­DAN MAR­SHALL

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.”

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