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Dallas vs Thornhill Park

Property investment comparison - Dallas, VIC 3047 vs Thornhill Park, VIC 3335

Head-to-head across core investment metrics: Dallas wins 3, Thornhill Park wins 0. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricDallasThornhill Park
Median house price$625K$625K
Median unit price-$515K
Gross rental yield (houses)4.28%-
Gross rental yield (units)4.70%3.85%
1-year house growth+11.5%estimate+4.5%
3-year house growth-+0.7%
Vacancy rate1.9%5.5%
Population6,7623,066

Dallas vs Thornhill Park: what the numbers say

Houses cost about the same in both suburbs: the median house price is $625K in Dallas and $625K in Thornhill Park.

Over the past year house prices moved +11.5% in Dallas (an estimate) and +4.5% in Thornhill Park, so recent momentum favours Dallas, although both suburbs recorded growth.

Rental vacancy is 1.9% in Dallas and 5.5% in Thornhill Park, so landlords in Dallas face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Dallas is the bigger suburb, with a population of 6,762 against 3,066, roughly 2.2 times the size of Thornhill Park; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Dallas for recent price momentum, Dallas for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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