Noble Park is Melbourne's southeast outer-ring outstanding yield suburb — a large multicultural community with direct Pakenham/Cranbourne train access where sub-$720K houses delivering 4.8%+ yields, Noble Park Lake Reserve's pleasant waterfront parkland, and consistent rental demand from the Dandenong precinct's diverse workforce create Melbourne's strongest combination of yield and capital growth in the outer southeastern corridor. Noble Park's steady improvement in residential quality and infrastructure investment make it a compelling long-term hold. At the current $720k median house price, an 80% loan at 6.25% over 30 years is about $3,547 per month.
| Median house price | $720,000 |
|---|---|
| Median unit price | $490,000 |
| Estimated monthly repayment | $3,547 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 8% |
| Gross rental yield | 4.8% |
| Typical days on market | 12 |
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