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Dallas
AREA REPORTS

Dallas

Dallas - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3047

house
unit

Property investments in DALLAS fare well against the rest of the country last year, registering a median home price increase of 12.17%.

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 $330 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 46.8 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 $530,000.

DALLAS ranks 220th on the list of best yielding suburbs for rental properties in VIC, posting a 3.24% return.

Data report can be found below

Dallas
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $530,000 $458,000
GROWTH REPORT
Median Quarterly 3.92% N/A
Median 12 month 12.17% 17.44%
Median 3 years 8.61% N/A
Median 5 years 53.62% 73.48%
10 years average annual 6.18% 14.77%
Weekly media advert. rent $330 $307.5
Time on Market 46.8 days 0.0 days
Gross Rental Yield Percent 3.24% 3.49%
demographics (median values)*
Total Population
20903
Weekly Household Income
922
Household Size
3.00
Age
31
Monthly Loan Repayment
1321
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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