19/1162-1164 Dandenong Road, Carnegie VIC 3163
19/1162-1164 Dandenong Road, Carnegie VIC 3163
3 bed 2 bath 2 car | larger apartment in Carnegie | strong rental yield | premium over standard stock
This property’s configuration—three bedrooms, two bathrooms, and two car spaces—is competitively rare in Carnegie’s apartment market. For a buyer, that layout means it serves both families and professional sharers, broadening your exit options and underpinning stronger demand than typical two-bedroom stock. The Dandenong Road position delivers connectivity but also places you on a major arterial, which is the core trade-off: convenience versus street noise. For an owner-occupier seeking space without a house price, this unit offers a practical compromise; for an investor, the $775 weekly rent signals solid yield potential in a suburb with consistent tenant demand.
The primary risk is the arterial road exposure, which may limit capital growth compared to quieter apartment complexes, and the unit’s value will hinge heavily on internal condition and natural light rather than building prestige. A key opportunity is the two-car parking, which is a genuine differentiator in this price bracket and directly supports both rental premiums and buyer appeal. Hold this property as a medium-term investment for rental income or occupy it to lock in a larger floor plan at a price point below a townhouse—either way, the configuration is your strongest lever.
Detailed Independent Property Report prepared by PropCred Analyst team for 19/1162-1164 Dandenong Road, Carnegie VIC 3163
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Carnegie is a highly sought-after inner-south suburb, prized for its proximity to the city, vibrant local precinct, and excellent transport links. Demand is consistently strong, driven by buyers seeking established amenity and diverse housing options. While the house market shows modest recent growth, the unit segment has demonstrated notable strength. Future appeal is underpinned by its established infrastructure, though high price points relative to the broader Melbourne market present a key affordability constraint, particularly in the current interest rate environment.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
2626m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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