For Those Looking To Invest In A Capital City

Suburb Details:

For those investors who are looking for great areas to purchase an investment property but have a lower risk appetite its best to look at capital cities. And one such area who should consider is Dallas in Melbourne. With prices of properties rapidly rising its hard to find houses under $1 million in Sydney and that’s why the outskirts of Melbourne can be alluring. However, before investors dive in and buy their first property they should make sure to calculate their numbers properly as Melbourne is not everyone’s cup of tea. Properly understanding the risks and potential rewards of investing in Melbourne suburbs like Dallas is essential for making a successful investment decision.

Key Data Metrics

_{*Note: Data derived from either DSR, Suburbs Finder or HTAG depending on reliability and availability of metrics. This is only a guide and best to cross-reference with other sources.}

Location & Infrastructure

Dallas is located about 17 kilometres north of Melbourne’s central business district, within the City of Hume. Primarily residential, Dallas offers a variety of housing options and is well-suited for families and working professionals. Key infrastructure includes Dallas Brooks Community Primary School and several nearby secondary schools, along with healthcare services available at local clinics and nearby Broadmeadows Health Service. The suburb is close to Broadmeadows Central shopping centre, which provides retail, dining, and essential services. Dallas is well-connected to Melbourne via major roads, including the Hume Highway, and public transport, with nearby train stations in Broadmeadows and Upfield, as well as multiple bus routes. Local parks and community facilities add to the convenience and appeal of the area.

Economic Diversity & Jobs

Dallas has a diverse economy shaped by its proximity to major industrial and commercial hubs in the northern suburbs. Employment in Dallas spans sectors like manufacturing, construction, healthcare, and retail, with nearby industrial zones in Broadmeadows and Campbellfield providing significant job opportunities. Manufacturing and logistics are major contributors, with the area supporting over 10,000 jobs in these sectors. Retail and healthcare services are also strong, benefiting from Dallas’s residential growth. The local economy is bolstered by ongoing infrastructure projects, including transport improvements, further enhancing employment and business output.

Other Important Factors:

Unlike Perth and regional Queensland, Melbourne have low rental yields sitting around 4-4.5% compared to 7% in Queensland. This can impact your ability to hold a property and grow your portfolio. However in the past 12 months rents have risen and yields are attractive by Melbourne’s standard.

Dallas is a lower-socio economic area with a bad reputation among Melbournians. This is also prevalent throughout its neighbouring suburbs of Broadmeadows, Coolaroo and Campbellfield. However this is not to say you shouldn’t invest their but to be aware of what you are investing into!

Vacancy rates are incredibly low sitting at 0.73%, meaning demand will remain high and with virtually no building approvals and no developable land it is hard for future supply to come into this area.

Nearby Major Projects:

• Melbourne Big Build Projects - Link

Example Property:

_{*Note: These calculations are purely estimations, but overall numbers will vary depending on your deposit, interest rates and other factors.}

Pro’s Of Investing In Dallas ✅ 

• Great infrastructure spend throughout Melbourne.

• Increasing rents and yields are about 4.5% (good for Melbourne).

• Properties for under $550k, 40 minutes away from CBD.

• No developable land & low building approvals.

• Days on market is low & stock has been reducing.

Con’s Of Investing In Dallas❌ 

• Lower socio-economic area, bad reputation amongst people who live in Melbourne.

• Most properties go to auction within Melbourne.

• Homes in the range of $500-550k aren’t the best quality, may need some work.

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_{Disclaimer: The information provided in this article is for educational and informational purposes only. It is not intended as financial, legal, or professional advice. Always do your own research and consult with a qualified professional before making any decisions. The opinions expressed here are solely those of the speaker and do not reflect the opinions or views of any other organization. By using this information, you agree that the creator of this content is not responsible for any financial or other losses you might incur.}