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.