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Hallam
AREA REPORTS

Hallam

Hallam - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3803

house
unit

HALLAM, 3803 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in VIC have risen as a whole, pulling HALLAM, 3803 values up and netting property investors a capital gain of 13.73% for the past year.

Investors saw the median home price rise to $700,000.

Profits due to an upward trend in home prices in the suburb averaged 4.3% per annum over a 3-year period.

HALLAM now ranks at the 581st place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in HALLAM are low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $390 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In HALLAM, homes and units usually stay on listing for an average of 41.1 days.

In 2016, 115 properties were sold in HALLAM during the past year, making it the 727th most active market in VIC based on total real estate transactions.

Data report can be found below

Hallam
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $700,000 $535,000
GROWTH REPORT
Median Quarterly 1.82% 7%
Median 12 month 13.73% 6.47%
Median 3 years 12.9% 22.64%
Median 5 years 50.54% 44.59%
10 years average annual 7.28% 5.6%
Weekly media advert. rent $390 $360
Time on Market 41.1 days 49.9 days
Gross Rental Yield Percent 2.9% 3.5%
demographics (median values)*
Total Population
10855
Weekly Household Income
1301
Household Size
3.00
Age
35
Monthly Loan Repayment
1560
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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