Dandenong at a glance
32,363
People
$755,000
Median sale
$463/wk
Median rent
3.19%
Suburb gross yield
Median sale from 57 recorded sales (last 12 months) — a Districts calculation.
$1,200,000–$1,300,000
For sale
Asking range
3
Bedrooms
1
Bathrooms
2
Car spaces
809 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$1,200,000–$1,300,000
Asking range · $1,483/m² of land
No recorded sale for this property.
Dandenong at a glance
32,363
People
$755,000
Median sale
$463/wk
Median rent
3.19%
Suburb gross yield
Median sale from 57 recorded sales (last 12 months) — a Districts calculation.
Vs Dandenong
+58.9%
Median sale
Suburb $755,000
-1.18 pp
Gross yield
Suburb 3.19%
Suburb median $755,000 from 57 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$72,612 on top of the price (6.1% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Dandenong's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $463/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 2.0%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Dandenong at a glance
32,363
People
$755,000
Median sale
$463/wk
Median rent
3.19%
Suburb gross yield
Median sale from 57 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by @realtyPositioned perfectly in the heart of Dandenong, this solid family home at 59 King Street presents an exceptional investment opportunity just a stone's throw from Market Plaza and all essential amenities. This three-bedroom residence features dual living areas and sits on an impressive 809 square metre block with exciting development potential subject to council approval.
The central location means residents can walk to virtually everything Dandenong has to offer, from shopping and dining to transport connections that make Melbourne CBD easily accessible via the nearby railway station. The generous land size sets this property apart in today's market, offering multiple options for future enhancement or redevelopment.
Dandenong's transformation continues as one of Melbourne's key activity centres under the Melbourne 2030 strategy. Located just 29 kilometres from Melbourne's CBD, the suburb serves as a major regional transport hub with excellent connectivity via the Monash Freeway, Princes Highway, and direct railway access through both Pakenham and Cranbourne lines.
• Walking distance to Market Plaza and essential amenities
• Generous 809sqm block with development potential (STCA)
• Three bedrooms plus dual living areas for flexible family living
• Central location with excellent transport links to Melbourne CBD
• Close to quality schools, childcare centres and recreational facilities
The area's ongoing urban renewal has brought significant improvements including the impressive Drum Theatre and the modern Metro 3175 development featuring contemporary residential living and entertainment options. These infrastructure investments continue to enhance property values throughout the precinct.
For families, the multicultural community offers excellent dining options while major shopping centres provide all daily necessities within easy reach. The suburb's recreational facilities include sporting clubs, Forest Hills Golf Club, and easy access to the nearby Dandenong Ranges for weekend adventures.
This property represents an outstanding opportunity to secure a well-positioned investment with substantial land holding and exciting future potential in one of Melbourne's most rapidly developing suburban centres. Don't miss this chance to secure a foothold in Dandenong's bright future with unlimited potential on this substantial 809 square metre holding.
Please note: All information contained in this advertisement is gathered from sources we believe to be reliable. However, we cannot guarantee or give any warranty about the information provided and interested parties must solely rely on their own enquiries. Photos may have been edited for presentation purposes. Buyers are strongly advised to inspect before making any decision.
Listing description written by Yasantha De Silva, @realty — reproduced as published, not verified by Districts.