Suburb Profile Report for Hallam VIC (3803)

Hallam House: Median price $450,000, Annual capital growth 6.64%, Number of sales 139, Weekly median advertised rent $350

Hallam Unit: Median price $345,000, Annual capital growth 4.31%, Number of sales 35, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$450,000 $345,000
2.27% 4.55%
8.43% 9.26%
6.64% 4.31%
$350 $310
139 35
4.04% 4.67%
45.32 51.65

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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
Chart Table
Recent sales & rentals