1296 Dandenong Road, Murrumbeena VIC 3163
1296 Dandenong Road, Murrumbeena VIC 3163
4/1/2 config | 609 m² lot | Dandenong Rd exposure | family school zone | Chadstone proximity
A larger bedroom configuration is offered relative to much of the street’s housing, with a 609 square metre land parcel by which family-oriented living is supported. A sought-after primary school catchment and close proximity to Chadstone, rail connections, and parkland are provided in the property’s position. Strong appeal for household buyers is created by these attributes. The convenience of a major arterial location is balanced by its exposure. A detached-house format is offered, providing more space than nearby unit stock. This property is best suited to a family seeking a well-connected, established base with room to personalise.
Traffic noise and reduced privacy might be experienced due to the busy arterial frontage, which could temper price growth. A negotiation point may be created by the configuration discrepancy between the listing and profile. Income-focused buyers may not be considered the primary audience given the low rental yield. Land value might be enhanced over time by redevelopment pressure along the corridor, but the immediate exposure should be weighed against this.
Detailed Independent Property Report prepared by PropCred Analyst team for 1296 Dandenong Road, Murrumbeena VIC 3163
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Murrumbeena sits 13km southeast of Melbourne, a tree-lined, art-deco suburb rejuvenated by the train station upgrade and sky rail. Demand is driven by 30-39 year-olds—the dominant cohort—with families making up 46.7% of households and 62.9% owner-occupiers. House prices are elevated but directionless: medians range from $1.605m to $1.71m, with annual growth between -3.0% and +5.9%. Units are weaker, with medians from $420k to $661k and declines as steep as -25% annually. Stock turns in 25-38 days, yet sales volume is thin at roughly 62-115 houses a year. Gross yields are modest for houses (2.57%) but stronger for units (4.4-5.3%), which rent for around $500 weekly versus $672-$825 for houses. The infrastructure upgrade and urban renewal underpin future demand, but affordability constraints and rate sensitivity loom given high entry prices and soft unit performance.
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PropCred Estimated Value
Comparable Sales: N/A | Property Price Band: $1.7M-$1.8M | Value Drivers: land area, school zoning, street presence
Bedrooms
3
Bathroom
1
Parking
-
Land
609m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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