It is set to experience a boom coming from the Eastlink Motorway which passes at nearby Keysborough.
According to the REIV, Dingley Village’s median house price for the year ended December 31, 2007, is $420,000, up 13.5 per cent since last year.
Values in Springvale South over the same period increased 9.7 per cent to $300,000.
By comparison, median values increased 12.6 per cent for homes in metropolitan Melbourne, to $425,000.
The REIV annualised median figures are considered more statistically reliable than the quarterly figures released throughout the year, because they include a much greater sample of sold properties.