LGA · VIC · SOUTH-EAST MELBOURNE

City of Greater Dandenong

South-East manufacturing hub with the $3.5B Sandown housing redevelopment in the pipeline. Roughly 30km from Melbourne CBD.

South-East Melbourne Hotspotting refresh: Jun 2026 30km from CBD

Investment thesis

What this LGA is for

South-east Melbourne LGA covering Dandenong, Dandenong North, Keysborough, Noble Park, Springvale and Springvale South. Gross Regional Product $20.64 billion supporting 114,506 jobs, with manufacturing the largest contributor at 48% of output ($30.5B). Unemployment is 7.9% (Dec 2025), notably above the state average, so suburb selection within the LGA matters more than elsewhere. The structural thesis is the $700M+ Revitalising Central Dandenong investment plus the $3.5 billion Sandown Racecourse redevelopment (up to 7,500 new homes) plus Pakenham Metro line stations at Springvale, Noble Park, Dandenong, now flagged for higher-density planning around stations.

Key numbers

Snapshot of the City of Greater Dandenong economy and demographics.

Gross Regional Product

$20.64B

Jobs supported

114K

Of LGA output from manufacturing

48%

Unemployment (Dec 2025)

7.9%

Infrastructure pipeline

The committed and in-flight infrastructure spend reshaping the LGA.

$3.5B

Sandown Racecourse housing redevelopment

Former racecourse at Springvale. Could accommodate up to 7,500 new homes. Currently in planning stage.

$700M+

Revitalising Central Dandenong

State Government investment to date in re-establishing the Dandenong CBD as a regional centre.

Major

Higher-density rezoning

State Govt identified Dandenong, Noble Park and Springvale stations as 3 of the 50 Melbourne areas flagged for high-density rezoning near transit.

Major

Pakenham Metro line

Stations at Springvale, Noble Park, Dandenong. Direct CBD spine.

Major

EastLink (open since 2008)

Materially improved Greater Dandenong's connectivity to the broader Melbourne metro.

Major

Adjacent to Monash NEIC

Monash National Employment and Innovation Cluster in Clayton sits just to the north.

Suburbs in scope

Suburbs we actively track within City of Greater Dandenong. House market data from PropTrack via Hotspotting LGA report (12 months trailing).

Suburb	Median (house)	Yield	1yr growth	Vacancy	Read
Springvale	$935K	3.50%	+11%	0.90%	Strongest YoY house growth in LGA. SRL precinct rezoning candidate.
Keysborough	$968K	3.80%	+6%	0.70%	LGA premium for houses, established family pocket
Noble Park	$840K	3.70%	+9%	0.80%	Mid-band, strong YoY. Unit market 315 sales/yr
Springvale South	$860K	3.70%	+8%	0.90%	Adjacent to Springvale renewal
Noble Park North	$819K	3.90%	+5%	0.90%	Affordable family pocket
Dandenong North	$809K	3.90%	+6%	1.10%	Mid-band; strongest yield in the house market
Dandenong	$766K	3.80%	+8%	1.00%	Most affordable LGA entry. Unit median $460K at 5.3%

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