Dallas is a moderately sized suburb in Victoria within the Hume local government area (postcode 3047). The area has roughly 6,762 residents and 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. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, machinery operators & drivers, labourers. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Lebanese.
Dallas has a median house price of $550,000, which has grown strongly by 7.8% year-on-year. Units have a median price of $480,000 (+7.3% YoY). The current median weekly rent is $525. This gives a gross rental yield of approximately 5.0%. 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.
On the investment side, Dallas shows a gross rental yield of approximately 5.0%, rated as moderate yield. Property prices sit below the state median ($550K/$875K), which can point to relative value. The price-to-income ratio of 9.7x is considered moderate. House prices have moved +7.8% year-on-year. Population growth of +3.0% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.