5/1110 Dandenong Road, Carnegie VIC 3163
5/1110 Dandenong Road, Carnegie VIC 3163
2 bed 2 bath 1 car | Modern apartment stock in a transit-rich corridor | Owner-occupier dominated building | Strong resale depth in Carnegie | Busy arterial exposure
This unit sits in a contemporary apartment development that is noticeably newer than much of Carnegie’s older walk-up stock, and the 2/2/1 configuration is the kind of layout that appeals broadly to both downsizers and young professionals. The building’s owner-occupier leaning, suggested by the high ownership ratio, tends to support steadier resale demand and better maintained common areas than investor-heavy blocks. Location is the real edge here — walkable to the Koornang Road retail strip and Carnegie Station, with Chadstone a short drive away. That combination of modern build, practical layout, and transit-oriented positioning makes it a strong fit for someone wanting low-maintenance living without sacrificing urban convenience.
The busy Dandenong Road frontage may introduce traffic noise, and the exact floor level and aspect remain unverified, which could meaningfully affect both liveability and price. The building’s recent resales show moderate growth over short holding periods, suggesting the property may not offer dramatic capital upside but should track the suburb’s steady demand. Buyers should weigh the trade-off between the convenience of the corridor and the potential for street noise when forming a view on value. The lack of a private outdoor space beyond a balcony is typical for this product type, but worth confirming before committing.
|| Comparable Sales: 102/1110 sold $580k, 205/1110 sold $655k | Property Price Band: $580k–$680k | Value Drivers: floor level, aspect, internal condition, and proximity to retail and rail
Detailed Independent Property Report prepared by PropCred Analyst team for 5/1110 Dandenong Road, Carnegie VIC 3163
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
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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: 102/1110 sold $580k, 205/1110 sold $655k | Property Price Band: $580k–$680k | Value Drivers: floor level, aspect, internal condition, and proximity to retail and rail
Bedrooms
2
Bathroom
2
Parking
1
Land
1744m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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