617/1060 Dandenong Road, Carnegie VIC 3163
617/1060 Dandenong Road, Carnegie VIC 3163
Newly built 2-bed apartment | Walk to Carnegie Station and Koornang Road | Secure parking and lift access | Strong rental appeal | High-density corridor location
This unit competes strongly in Carnegie because it is genuinely new, finished to a higher standard than most older apartment stock in the suburb, and positioned within a mixed-use development that offers lift access, secure basement parking, and communal terrace space. The oak floors, stone-look kitchen surfaces, and double-glazed windows in parts of the building lift it above the typical walk-up or older medium-density block. It suits a professional couple, a downsizer wanting low-maintenance living, or an investor seeking a transit-adjacent property with dependable tenant demand. The proximity to Carnegie Station and the Koornang Road retail strip gives it everyday convenience that many quieter residential streets cannot match.
The main value considerations are the building’s position on Dandenong Road, a busy arterial, which may introduce traffic noise depending on the unit’s exact orientation and floor level. The apartment’s internal size, balcony proportion, and view corridor are not confirmed for this specific unit, and these factors can shift appeal meaningfully within the same complex. Rental outcomes across the building vary noticeably, so the actual achievable rent may differ from estimates. Buyers should weigh the trade-off between new-build amenity and the denser, more exposed location when forming a view on price.
|| Comparable Sales: 702/1060 Dandenong Road sold recently with similar finishes | 719/1060 Dandenong Road listed around $500k–$520k | Property Price Band: $500k–$600k | Value Drivers: floor level, outlook, internal layout, and balcony size
Detailed Independent Property Report prepared by PropCred Analyst team for 617/1060 Dandenong Road, Carnegie VIC 3163
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Carnegie, 12 kilometres from the CBD, remains one of Melbourne’s most sought-after south-east suburbs. Demand is driven by proximity to the city, established public transport, and the vibrant Koornang Road precinct, with houses and units attracting a broad buyer base. The median house price is $1.7m–$1.75m, with annual growth ranging from 0.1% to 2.04% depending on the series, indicating a flat-to-modestly rising market. Units show a wider divergence: one source records 18.75% growth, another just 0.38%, with medians between $625k and $660k. Houses take 28–46 days to sell, with 94–121 transactions over the past year. Future growth is underpinned by Melbourne’s comparatively lower price base, but affordability remains a key constraint: median house prices are well above Melbourne’s $974k average, and higher 2026 interest rates are squeezing borrowing capacity, particularly for first-home buyers despite more accessible unit options.
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PropCred Estimated Value
Comparable Sales: 702/1060 Dandenong Road sold recently with similar finishes | 719/1060 Dandenong Road listed around $500k–$520k | Property Price Band: $500k–$600k | Value Drivers: floor level, outlook, internal layout, and balcony size
Bedrooms
2
Bathroom
2
Parking
1
Land
1.03 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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