Suburb Profile Report for Hallam VIC (3803)

Hallam House: Median price $570,000, Annual capital growth 5.84%, Number of sales 115, Weekly median advertised rent $380

Hallam Unit: Median price $425,000, Annual capital growth 4.66%, Number of sales 31, Weekly median advertised rent $348

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 3527th in the list of Australian suburbs ordered by increase in median house value over the last year, Hallam, 3803 is in the BOTTOM 20% with a property value increase of -7.54% recorded in median house prices.

When looking at the potential capital gains offered to property investors over the last 3 years, Hallam comes in at number 281th in VIC.

At number 67th of VIC’s most discounted properties, Hallam is in the bottom 20% of the state/territory when listing in order of most discounted to least.

Hallam, 3803’s gross rental yield is 3.47%

VIC has seen average median house prices change by 6.11% which means that Hallam, 3803 has done well for property investors by showing a capital gain of -0.58% over the last year

Hallam,3803 was ranked 114 in Australia by increase in median property value over the quarter.

Our latest figures would indicate that property sellers in Hallam are currently offering property investors an average price cut of -8.56% below the asking price at the moment.

On average over the past year, suburb has had 2.58 sales per month, which equates to 31 per year.

Renters in Suburb are facing rents around $18070 per annum or $347.5 every week.

Metrics i HOUSE UNIT
$570,000 $425,000
2.70% 7.87%
-7.54% -0.58%
5.84% 4.66%
$380 $348
115 31
3.47% 4.25%
62.3977272727273 88.6

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Good (U)
Find a mortgage broker in Hallam VIC
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