Dallas is a mid-sized suburb in Victoria within the Hume local government area (postcode 3047). With a population of 6,762, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $57K per year, with an average household size of 3.1 people. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are Australian, English, Lebanese.
The median house price in Dallas is $550,000, having grown strongly 7.8% over the past year. Units have a median price of $448,000 (+5.3% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,408.
Dallas is served by 4 schools, including 2 primary, 2 combined. The average ICSEA score is 958, which is around the national average of 1,000. Public transport access includes 1 rail station, 19 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
From an investment perspective, Dallas offers a gross rental yield of 4.5%, rated as moderate yield. Property prices sit below the state median ($550K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.7x is considered moderate. House prices have moved +7.8% year-on-year.
Dallas is a mid-sized suburb in Victoria within the Hume local government area (postcode 3047). With a population of 6,762, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $57K per year, with an average household size of 3.1 people. The most common occupations are technicians & trades, machinery operators & drivers, labourers. The top ancestries reported are Australian, English, Lebanese.
The median house price in Dallas is $550,000, having grown strongly 7.8% over the past year. Units have a median price of $448,000 (+5.3% YoY). The current median weekly rent is $480. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,408.
Dallas is served by 4 schools, including 2 primary, 2 combined. The average ICSEA score is 958, which is around the national average of 1,000. Public transport access includes 1 rail station, 19 bus stops. The crime rate in the Hume LGA is higher than average at 8,365 incidents per 100,000 population.
From an investment perspective, Dallas offers a gross rental yield of 4.5%, rated as moderate yield. Property prices sit below the state median ($550K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 9.7x is considered moderate. House prices have moved +7.8% year-on-year.