Login
Loading form...
Advertisement
Powered by
MOMENTUM
MEDIA
Property investments in DALLAS did not fare well against the rest of the country last year, registering a median home price decrease of 7.21%.
Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.
Based on its average 5-year and quarterly capital gains DALLAS, 3047 saw average growth in the long term.
Real estate investors could earn a rental income of $500 based on current median home prices for the suburb.
It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 59 days.
Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.
Property investors perceived the median home price rise to $590,750.
DALLAS ranks 90th on the list of best yielding suburbs for rental properties in VIC, posting a 4.4% return.
Dallas is a suburb within the City of Hume, approximately 17 kilometres north of Melbourne's Central Business District (CBD). According to the 2021 census, it has a population of 6,762 residents.
The suburb is well-connected by public transportation. Coolaroo and Broadmeadows are the nearest railway stations on the Craigieburn line, and Upfield station is on the Upfield line. Bus routes 532 and 540 also service the area, providing links to neighbouring suburbs and critical destinations.
Dallas features several shopping precincts, notably along Barry Road, offering various retail and dining options. Essential services such as banks, post offices, and supermarkets are available, catering to residents' daily needs.
The suburb boasts the Merlynston Creek linear park for recreational activities, providing facilities for various sports and leisure activities. Parks and green spaces are abundant, contributing to the suburb's appeal for families and outdoor enthusiasts.
Dallas presents a blend of residential living with convenient access to public transport, essential services, and recreational facilities, making it a well-rounded suburb within Melbourne's northern region.