Dallas is Melbourne's most affordable suburb with a direct train connection within 10 minutes — a fast-regenerating outer-northern suburb adjacent to Broadmeadows' significant Urban Renewal transformation program where sub-$680K house prices, consistent 5%+ rental yields, and Melbourne's most ambitious suburban redevelopment investment (the $2.5B Broadmeadows Urban Renewal Plan) create extraordinary investment fundamentals. The gentrification of its immediate neighbour Broadmeadows — historically considered one of Melbourne's most disadvantaged areas but now subject to massive State Government urban renewal — creates a once-in-generation uplift opportunity for early-entry investors in Dallas. At the current $680k median house price, an 80% loan at 6.25% over 30 years is about $3,350 per month.
| Median house price | $680,000 |
|---|---|
| Median unit price | $420,000 |
| Estimated monthly repayment | $3,350 at 80% LVR, 6.25%, 30 years |
| Annual price growth | 8.5% |
| Gross rental yield | 5% |
| Typical days on market | 15 |
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