Investment property in Hallam has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.43%
A 25.95% growth in median value for property investors in Hallam,3803 puts this suburb at number 235th in terms of best performing suburbs in VIC
The most recent median price for Hallam is $450000, with sellers offering an average of -1.96% off the asking price.
Situated 34.65km from the CBD, Hallam is one of Casey localities in the postcode 3803.
VIC has seen average median house prices change by 3.63% which means that Hallam, 3803 has done well for property investors by showing a capital gain of 9.26% over the last year
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hallam has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Hallam is offering property investors an average of -5.22. This rate of discount on properties puts Suburb at number 156th in terms of most discounted suburbs in VIC
In the last year 35 properties changed hands in Hallam, which puts it as the 240th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of 4.31%, investors should hope to achieve an overall return of 4.67%