Forums / Property Investing / Help Needed! / Dandenong – Nightmare or Pleasant Dream?

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  • Profile photo of NPNP
    Member
    @np
    Join Date: 2007
    Post Count: 6

    On our recent trip to Melbourne we decided to buy a property in Dandenong North. The area looked good and prices cheap. We paid deposit on a concrete house on 600sqm land priced at 200K only to realise that it was an x-housing commision house, which had been privately owned for only 3 years. Although the house was close to schoold and parks ,all the streets surrounding the area had x-commision houses. So we decided not to go ahead as we were told that it is difficult to sell those houses in the future. Did we do the right thing?

    Instead we are looking at buying a brick veneer house on a small plot, 7 min walk to the station in a quite street in Central Dandenong for $180k. Opinion?

    Profile photo of L.A AussieL.A Aussie
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    @l.a-aussie
    Join Date: 2006
    Post Count: 1,488

    I am from Melb and know Dande’thong’ very well.

    It is like any other cheap and nasty suburb around Melb that has yet to be ‘discovered’.

    It has to go up sooner or later as there are excellent amenities there, and people have to live somewhere, so if you can buy in a half decent part of Dandy where there is a huge rental pool then you will do well I believe.

    For example; my sister-in-law bought a house in “The Pines’ (ex-housing commission) in Frankston about 3 years ago. It is a drug and welfare haven and crime central, but her house has doubled in value and the area is improving slowly but surely.

    Some parts of Dandy are not bad – some are terrible, but as the rest of Melb keeps going up this area will also follow – maybe quicker than other more desirable spots. I remember not so long ago when houses in Dandy were $100k.

    The thing to remember about those housing commission houses is they are on good plots of land and can be upgraded and/or subdivided sometime in the future. Someone will start to do it sooner or later.

    Cheers,
    Marc.
    [email protected]

    “we get sent lemons; it’s up to us to make lemonade”

    Profile photo of blogsblogs
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    @blogs
    Join Date: 2005
    Post Count: 418

    I couldntt hink of a worse place in Victoria-my god I feel scared everytime I have been there, take a walk through the shopping centre and you will see what I mean, definately the arse end of Victoria!!! Gunna take a looooooong time to turn that joint around. Frankston has quite a few things going for it which explains the increase in value, the only thing Dandy has going for it is cheap drugs, bogans and crims….IMHO……

    Profile photo of NPNP
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    @np
    Join Date: 2007
    Post Count: 6

    Thanks guys. I have actually invested in Frankston. A weatherboard house in good condition on a small plot but close to beach and train station for around $225k. I am still going to wait for the right property to come along in Dandenong.

    In your opinion will weatherboard houses appreciate in value like the brick/BV houses? The rental returns don’t seem much different for the two.

    Profile photo of crispycrispy
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    @crispy
    Join Date: 2006
    Post Count: 8

    Hi NP
    To add my two cents, personally i INVEST IN FRANKSTON and in response to LA AUSSIE in your earlier responses WELL, 3 out 5 ip i have are actually in FRANKSTON NORTH (THE PINES)and i live locally and no the area is NOT a crime central or a drug and welfare haven as described by LA AUSSIE (well maby 15 years ago might have been) mater of fact brother in law lives in DANDENONG NORTH (personal opinion) dont buy there he is having trouble selling his house there as couple of houses on his street were set on fire few months back and i have peronally seen on couple occasions people over dosing on drugs there in the middle of the day. Oh yeah and open your melways and compare whats closer to water that should help you decide where to invest [strum]regards crispy

    Profile photo of crispycrispy
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    @crispy
    Join Date: 2006
    Post Count: 8

    sorry didnt read your last post YOU MUST OF LOOKED IN YOUR MELWAY and gone for a walk through the new frankston shopping centre. CONGRATULATIONS ON YOUR FRANKSTON PURCHASE!!!!!!!!!!!!!!!!! and stay away from GANG denong regards CRISPY[thumbsupanim]

    Profile photo of HookhamCHookhamC
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    @hookhamc
    Join Date: 2007
    Post Count: 83
    Profile photo of NPNP
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    @np
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    Profile photo of L.A AussieL.A Aussie
    Member
    @l.a-aussie
    Join Date: 2006
    Post Count: 1,488

    Speaking of Dande-thong, I just received this email from my brother-in-law;

    DANDENONGSECONDARYCOLLEGE-CITYOFGREATERDANDENONG MATHEMATICSEXAM
    C:JD MillsJCDandenong Mathematics Exam.doc Page 1 Of 2
    NAME
    GANG
    Youse Time allowed is 1 hour
    1. If Mohamed lowers his WRX 2 inches front and back and puts on stolen
    18-inch Auscar slotted wheels, how many inches has he originally lost
    from the stock suspension?
    2. If Con needs 3 razors a day to stay clean shaved, how many razors will
    he need before he goes to the gym at 8.00pm?
    3. If Mustaffa runs 10 km from the Police in Noble Park to Springvale South
    then steals a car and drives another 5 km to Keysborough , how many
    kilometres has he travelled if he ends up hiding in Parkmore Shopping
    Centre?
    4. Phan has 2 ounces of cocaine and he sells an “8 ball” to Hamil for
    $320.00 and 2 grams to Dak Hoang for $85.00 per gram, what is the
    street value of the balance of the cocaine if he doesn’t cut it?
    5. If Darren receives $200.00 per week disability allowance from Centrelink
    and works for his brother as a builder and receives a further $400.00 per
    week and then pays $10.00 per week for each of his 11 children for
    school, how much money does he have left to buy a smashed Tarago
    from the Keysborough Wreckers?
    6. If Soula needs 25 mls of wax per day to get rid of her facial hair and
    Soula is only 19 years old, how many mls will her mother need if she is
    47?
    7. Mohamed has an AK-47 with 2 x 30 round clips. If he misses 6 out of 10
    shots and shoots 13 times at each drive-by shooting, how many drive-by
    shootings can he attend before he has to reload?
    8. If Abdo runs a Donor Kebab shop in Dandy Plaza and works as a Taxi
    driver on weekends and earns $1,200.00 per week, how much does
    Centrelink give him for his job search allowance?
    DANDENONGSECONDARYCOLLEGE-CITYOFGREATERDANDENONG MATHEMATICSEXAM
    C:JD MillsJCDandenong Mathematics Exam.doc Page 2 Of 2
    9. If Dandenong’s ethnic community is increasing at a rate of 3.5% per
    month, the overall population increasing at 2.1 % per month, at what rate
    are the Aussies leaving?
    10. Quang is pimping for three girls. If the price is $75.00 for the trick, how
    many tricks will each girl have to turn so that Quang can pay for his
    $200 per day crack habit?
    11. If Luigi drives his family and cousins all in one car from Dandenong
    North to Hampton Park, how many round trips will he need to make if 40
    of his relatives need a lift and he can put 12 people in his Valiant at any
    one given time?
    12. If Mario’s dad has his top 3 buttons of his shirt open and reveals 1 x
    golden cross and 2 other golden ornaments, and has approximately 17
    sq cm of hair coming from his chest with an average length of 2 cm,
    what is the probability that the ornaments will be visible from:
    a) 2 feet away …..%
    b) 5 feet away …..%
    c) 100 feet away …..%
    END OF EXAM

    Cheers,
    Marc.
    [email protected]

    “we get sent lemons; it’s up to us to make lemonade”

    Profile photo of brentbrent
    Participant
    @brent
    Join Date: 2001
    Post Count: 165

    I went to school in Dandenong North. I still have some friends who live there.

    Compared to Dandenong, North Dandenong is pretty tame – a lot of average folk – people with jobs, kids, mortgages etc. Thinking back to my friends’ parents’ jobs, they were teachers, nurses, accountants, factory workers, delivery drivers..

    But like most suburbs, there were areas which were better and worse.

    It sounds like the property was near Lyndale High School? The concrete houses painted in pastel colours, with the holes drilled in the panel near the front door? This area was rougher than parts closer to the valley – but it’s not as if there were drive-by shootings, or gangs roaming the streets. You could still walk around feeling safe.

    It was poorer, had a bit more drug activity, and more first generation immigrants trying to get by and start a new life.

    It also had some of the less desireable trappings of immigration – some vietnamese gangs, and a little tension between the turks and the greeks – but it was always something you heard about, and never really saw.

    The area closer to the valley was a better area with more white middle class families. I think it used to be a housing estate.

    There were a lot of people who made a lot of money during the property boom – I can’t remember the prices, but you could buy 3br houses in Dandenong for very low prices.

    If I knew then what I did now, it would have been a no-brainer. But that was Dandenong rather than North Dandenong.

    I’m sure there are still great deals in the market there – because it’s not one of the ‘pretty’ areas which attracts investors. But you’d have to know what you’re looking for.

    I don’t know whether that helps, but I hope it gives you some personal insight.

    Brent

    Brent Hodgson Copywriter
    Web Design Melbourne

    Profile photo of gezzygezzy
    Member
    @gezzy
    Join Date: 2003
    Post Count: 29
    Originally posted by L.A Aussie:

    Speaking of Dande-thong, I just received this email from my brother-in-law;

    DANDENONGSECONDARYCOLLEGE-CITYOFGREATERDANDENONG MATHEMATICSEXAM
    C:JD MillsJCDandenong Mathematics Exam.doc Page 1 Of 2
    NAME
    GANG
    Youse Time allowed is 1 hour
    1. If Mohamed lowers his WRX 2 inches front and back and puts on stolen
    18-inch Auscar slotted wheels, how many inches has he originally lost
    from the stock suspension?
    2. If Con needs 3 razors a day to stay clean shaved, how many razors will
    he need before he goes to the gym at 8.00pm?
    3. If Mustaffa runs 10 km from the Police in Noble Park to Springvale South
    then steals a car and drives another 5 km to Keysborough , how many
    kilometres has he travelled if he ends up hiding in Parkmore Shopping
    Centre?
    4. Phan has 2 ounces of cocaine and he sells an “8 ball” to Hamil for
    $320.00 and 2 grams to Dak Hoang for $85.00 per gram, what is the
    street value of the balance of the cocaine if he doesn’t cut it?
    5. If Darren receives $200.00 per week disability allowance from Centrelink
    and works for his brother as a builder and receives a further $400.00 per
    week and then pays $10.00 per week for each of his 11 children for
    school, how much money does he have left to buy a smashed Tarago
    from the Keysborough Wreckers?
    6. If Soula needs 25 mls of wax per day to get rid of her facial hair and
    Soula is only 19 years old, how many mls will her mother need if she is
    47?
    7. Mohamed has an AK-47 with 2 x 30 round clips. If he misses 6 out of 10
    shots and shoots 13 times at each drive-by shooting, how many drive-by
    shootings can he attend before he has to reload?
    8. If Abdo runs a Donor Kebab shop in Dandy Plaza and works as a Taxi
    driver on weekends and earns $1,200.00 per week, how much does
    Centrelink give him for his job search allowance?
    DANDENONGSECONDARYCOLLEGE-CITYOFGREATERDANDENONG MATHEMATICSEXAM
    C:JD MillsJCDandenong Mathematics Exam.doc Page 2 Of 2
    9. If Dandenong’s ethnic community is increasing at a rate of 3.5% per
    month, the overall population increasing at 2.1 % per month, at what rate
    are the Aussies leaving?
    10. Quang is pimping for three girls. If the price is $75.00 for the trick, how
    many tricks will each girl have to turn so that Quang can pay for his
    $200 per day crack habit?
    11. If Luigi drives his family and cousins all in one car from Dandenong
    North to Hampton Park, how many round trips will he need to make if 40
    of his relatives need a lift and he can put 12 people in his Valiant at any
    one given time?
    12. If Mario’s dad has his top 3 buttons of his shirt open and reveals 1 x
    golden cross and 2 other golden ornaments, and has approximately 17
    sq cm of hair coming from his chest with an average length of 2 cm,
    what is the probability that the ornaments will be visible from:
    a) 2 feet away …..%
    b) 5 feet away …..%
    c) 100 feet away …..%
    END OF EXAM

    Cheers,
    Marc.
    [email protected]

    “we get sent lemons; it’s up to us to make lemonade”

    Funny I’ve seen that same email used for Broadmeadows

    Profile photo of ctaingctaing
    Participant
    @ctaing
    Join Date: 2006
    Post Count: 111

    The Media love hype and investors should do their sums; Dandy is doing fine overall.

    CT

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