28 Koroit Avenue, Dallas VIC 3047
28 Koroit Avenue, Dallas VIC 3047
Five-bedroom double-storey house | Renovated move-in-ready finish | Repolished timber floors | Near shopping and schools | Strong family demand
A five-bedroom configuration is placed above the typical three- and four-bedroom detached stock across Dallas, while freshly renovated exterior, newly painted interiors, and repolished timber floors are presented as a move-in-ready standard that is rarely matched by older houses in the suburb. Generous indoor living spaces are provided by the double-storey layout, with strong appeal created for larger or multi-generational households. Close proximity to Dallas Shopping Centre and multiple schooling options is offered, giving the house clear appeal for first-home buyers and growing families; the bedroom count also supports investor interest.
Premium pricing might be supported by the finished condition, and the five-bedroom count should suit larger families and investor strategies. Buyer expectations may be varied given the local spread between older three-bedroom houses and upgraded family homes, so floor area and site utility could matter most in negotiation. Rental interest may be added as a second competitive layer.
Detailed Independent Property Report prepared by PropCred Analyst team for 28 Koroit Avenue, Dallas VIC 3047
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Dallas, 17 km north of Melbourne, remains a value-oriented market with demand drawn from families and owner-occupiers, supported by a mix of post-war homes and newer developments. House prices sit between $555,000 and $610,000 across major data sources, with annual growth ranging from 6.1% to 10.9%; units are tighter, at roughly $466,500–$468,000, though growth is uneven (1.6% to 19.6%). Selling times average 30–74 days for houses, and sales volumes of 85–120 annually indicate steady turnover. Gross yields are moderate: 4.48% for houses and 4.8% for units, with median rents of $500–$502 and $435–$440 respectively. The suburb’s proximity to the city and its varied housing stock underpin ongoing demand.
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PropCred Estimated Value
Comparable Sales: 30 Koroit Ave sold Nov 2024; 18 Koroit Ave 4-bed comparator | Property Price Band: $1.2M–$1.3M | Value Drivers: renovated condition, five-bedroom layout, school proximity
Bedrooms
5
Bathroom
2
Parking
1
Land
539m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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