1/19 Apollo Cres, Dallas VIC 3047

Brand new build risk | tight block trade-off | strong rental maths | no heritage or flood overlay | sold as land in 2023. The price band of $580k–$620k carries a 4-5% premium over the estimated $554,000 value, largely because the townhouse was sold as a vacant block last year and the completed structure has no local sales track record yet. The opportunity is that new builds in this price range draw interest from both owner-occupiers and investors, which supports resale liquidity. The rental projection near $490 per week gives a gross yield around 4.1-4.2%, strong for a Victorian townhouse, but the tight 106m² floor area and one open car space limit its appeal to families. The plain judgment is this works best as a long-term hold for an investor or a smaller household, not a flip. What is competitively rare is the 214m² land size attached to a new-build townhouse at this price point in a suburb with rising owner-occupier density near 65%. The master ensuite and designer finishes lift it above comparable stock in Broadmeadows. It serves best a first-home buyer wanting modern spec without strata noise, or a landlord chasing a low-maintenance rental in a suburb where 35% of residents rent. To solidify your position, book a pre-auction building inspection now and cross-check the 106m² floor area against the floorplan—that square-meterage often undercounts car space and will define your resale pool.