Suburb Profile Report for Hallam VIC (3803)

Hallam House: Median price $663,000, Annual capital growth 6.75%, Number of sales 98, Weekly median advertised rent $390

Hallam Unit: Median price $494,000, Annual capital growth 4.79%, Number of sales 50, Weekly median advertised rent $360

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Hallam, 3803 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 14.31%.

Taking the average capital gain, or increase in median house value, Hallam,3803 has racked up an average of 14.31% over the period. This ranks it number 3329th in the whole country for real estate investors looking at median house price increases.

State is the 8th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.08% offered to property buyers. Sellers in Hallam itself are offering an average vendor discount of -2.31% to real estate investors.

The VIC suburb of Hallam, 3803 is in the Casey (C) local government area.

With a capital gain of 12.79% for the last 12 months, Hallam, 3803 has performed for property investments than its average annual 4.79% property growth over the last 5 years.

Comparing Hallam,3803 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Hallam is offering property investors an average of -4.19. This rate of discount on properties puts Suburb at number 33th in terms of most discounted suburbs in VIC

With the median price for a house in Hallam being $494000 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.79%

Metrics i HOUSE UNIT
$663,000 $494,000
6.42% 2.92%
14.31% 12.79%
6.75% 4.79%
$390 $360
98 50
3.06% 3.79%
44.0133333333333 71.9545454545455

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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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