7 Merino Avenue, Dallas, Vic 3047
Auction $550,000 - $600,000
3 1 4
Auction Saturday 1 August 11:00 amDallas was primarily developed by the Housing Commission of Victoria in the late 1950s and 1960s to provide affordable housing for the growing industrial workforce in Melbourne's north. It was designed as a residential satellite to the Broadmeadows industrial precinct.
Today, Dallas is a vibrant multicultural hub with a significant Islamic community, characterized by wide streets and original weatherboard or brick veneer homes on generous allotments.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Dallas represents the 'bottom of the ladder' for Melbourne's northern corridor. It is a critical suburb for first-home buyers and developers who are priced out of Fawkner and Glenroy.
$490k – $620k
$380k – $470k
12-month movement
Current asking rents
Prices have stabilized after the post-pandemic surge, making it a low-barrier entry point for those with limited deposits.
Price comparison
Median price ÷ median income
Estimated rental yield
Dallas remains one of the few suburbs where a median-income household can realistically service a mortgage on a detached house.
Lower = tighter market
Avg time on market
Annual rental increase
Large multi-generational families and low-income workers.
Strong cash flow potential due to low entry prices and high demand. Capital growth is slower but land value provides a long-term floor.
Expect modest capital growth aligned with inflation, with outperformance only in properties suitable for multi-unit development.
vs last 12 months
Relative comparison
Prioritize properties with existing security infrastructure (fencing, shutters) and check specific street-level data via Crime Statistics Victoria.
The primary risks are socio-economic instability and property condition issues related to the age of the housing stock.
Low risk; mostly outside of significant flood overlays.
Negligible risk; fully urbanized area.
Premiums may be slightly higher due to crime statistics in the 3047 postcode.
Development Contributions Plan Overlay (DCPO)
Areas within walking distance of Dallas Shopping Centre and Upfield Station.
The GRZ1 zoning and large blocks make this a prime target for 'dual-occupancy' or 'triple-occupancy' developments.
Serviced by the Upfield train line and several bus routes (532, 540).
Dallas Shopping Centre provides basic needs; Broadmeadows Central is 5 mins away.
Jack Roper Reserve offers a lake, playground, and walking trails.
Dallas Brooks Community Primary is the central local school.
Close to Broadmeadows Hospital and various community health clinics.
A diverse, younger-leaning population with a high percentage of residents born overseas.
The young demographic and large household sizes drive the need for affordable 3-4 bedroom homes.
Focus is on council-led streetscape improvements and private small-scale subdivisions.
Residents value the affordability and the strong cultural community, though safety concerns are a frequent topic of discussion.
Everything I need for my family and my faith is right here; the community support is unlike anywhere else in Melbourne.
I could actually afford a house with a backyard here, but I did have to spend a lot on a new security system and fence.
The rental demand is incredible. I've never had a vacancy longer than a week, and the land value is solid.
Position the property as a 'blank canvas' for families or a 'high-yield land bank' for investors. Emphasize the proximity to Broadmeadows amenities.
High-yield play with a focus on land banking.
Higher tenant turnover and potential for property damage if not managed strictly.
Very affordable rents for the amount of space provided.
Some older rentals may have poor insulation and high energy bills.
Ensure strict adherence to Victorian rental minimum standards, especially regarding dampness and heating.
Big blocks, big potential, and the most affordable detached housing in the North.
Local families upgrading from units and small-scale developers.
This report is based on data available as of 2026-03-13. It is intended for informational purposes only and does not constitute financial or legal advice. Buyers should conduct their own independent research and consult with professionals before making any property purchase.
Now
Before
Auction $550,000 - $600,000
3 1 4
Auction Saturday 1 August 11:00 am
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