Suburb Profile Report for Hallam VIC (3803)

Hallam House: Median price $445,000, Annual capital growth 6.53%, Number of sales 138, Weekly median advertised rent $350

Hallam Unit: Median price $345,000, Annual capital growth 4.47%, Number of sales 37, Weekly median advertised rent $310

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.13% which means that Hallam, 3803 has done well for property investors by showing a capital gain of 8.54% over the last year

While Hallam,3803 ranked number 362th in VIC for increase in median house value (annualised) increase, it is ranked 275th over the last 5 years.

Hallam, 3803 is offering VIC ‘s 596th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.

On average over the past year, suburb has had 11.50 sales per month, which equates to 138 per year.

Advertised rents are around the $350 mark per week – giving a return of 4.09% based on the median price in Suburb

Hallam is in the TOP 20% in VIC when comparing median price capital growth over the last year. Hallam gave property investors a very good capital gain figure when compared to the rest of the state, with 11.29%.

Over the longer term, Hallam has seen property prices show investors a 2.07% return over the last 3 years. This is an improvement over the last 12 months

Property investors looking for a bargain in Hallam should be aiming for at least -9.40% off the asking price, which is the average vendor discount being achieved at the moment.

At number 273 in a list of fastest selling suburbs, Hallam is in the TOP 20% of suburbs in Australia with an average of days on market 50.76 for properties listed there.

Property investors should expect to get $310 weekly from the median priced house in this suburb.

HOUSE UNIT
$445,000 $345,000
1.14% 4.55%
8.54% 11.29%
6.53% 4.47%
$350 $310
138 37
4.09% 4.67%
44.17 50.76

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 10161
Median household income ($/weekly) 1158
Median age of persons 35
Median housing loan repayment ($/monthly) 1573
Average household size 3
  • Census Count Percent(%)
    5-14 years 1265 12.4
    25-34 years 1490 14.7
    35-44 years 1327 13.1
    45-54 years 1487 14.6
    55-64 years 1156 11.4
    Others 3437 33.8
    Age Group
    Census Count Percent(%)
    Registered Married 4026 53.1
    Not Married 3167 41.8
    Defacto Relationship 389 5.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 4663 47.9
    Indonesia 540 5.5
    Sri Lanka 514 5.3
    United Kingdom 317 3.3
    Other 1671 17.1
    Others 2039 20.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 616 6.5
    Christianity 5545 58.2
    Hinduism 323 3.4
    Islam 1358 14.3
    No Religion 1404 14.7
    Others 279 2.9
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 340 11.7
    $800-$999 301 10.4
    $1,000-$1,249 324 11.2
    $1,500-$1,999 422 14.6
    $2,000-$2,499 303 10.4
    Others 1210 41.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2983 38.0
    Not in the labour force 2955 37.7
    Employed, worked part-time 1226 15.6
    Unemployed, looking for work 407 5.2
    Employed, away from work 273 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 546 12.2
    Technicians & trades workers 746 16.7
    Clerical & administrative workers 707 15.8
    Machinery operators & drivers 586 13.1
    Labourers 634 14.2
    Others 1259 28.1
    Occupation
    Census Count Percent(%)
    Pre-school 139 5.9
    Infants/Primary 723 30.9
    Secondary 750 32.1
    Technical or Further Educational Institution 288 12.3
    University or other Tertiary Institutions 329 14.1
    Others 109 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8454 87.7
    Semi-detached, row or terrace house, townhouse 703 7.3
    Flat, unit or apartment 482 5.0
    House or flat attached to a shop, office 5 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1508 48.0
    Fully owned 917 29.2
    Rented 691 22.0
    Other tenure type 25 0.8
    Tenure Type
Census 2011, ABS
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