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Hallam, VIC 3803

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Hallam, VIC 3803 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Hallam, VIC 3803”

  1. The total adult population (15 years or older) of Hallam 3803 VIC is 9,124, with a median age of 36. Of those, 50.96% are married, 11.43% are divorced or separated, 31.94% are single and 5.67% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $6,492. The median monthly mortgage repayment for households in this suburb is $1,700 which is 26.19% of their earnings.

    Source: ABS Census Data (2021)

  2. Introduction:
    The suburb of Hallam, postcode 3803, is nestled in the heart of Victoria, home to an estimated 5230 households. As we step into Q3 of 2023, the property market in Hallam presents interesting opportunities as well as challenges for both investors and homeowners alike.

    Property Market Statistics:
    As we delve into the market specifics, the typical prices for houses in Hallam rest at an average of $713,952 AUD. Coupled with a median weekly rent of $461, this produces an attractive indicative yield of 3.36%, surpassing the minimum market requirement for property investors centred around cash flow.

    Hallam’s socio-economic score sits at 925 out of a maximum 1217 – a somewhat moderate IRSAD score indicating a balanced socio-economic profile with moderate income levels and access to economic resources. The suburb boasts a renter to owner ratio of 26%, which is well below the 30% threshold, implying a favourable market with less competition among landlords for tenants.

    The suburb also presents a favourable units to houses ratio of 20%, suggesting a low competition rental market with more opportunities for long tenancy periods. However, it’s worth noting that the affordability index for houses stands at 43 years, suggesting a decreased affordability in the market and a potentially longer journey for homeowners to own their properties.

    Hallam’s property market demonstrates a very favourable and low stock on market percentage of 0.16% for houses, indicating a potentially fast-moving market. This favourable trend is further supported by an inventory level of 0.73 months, suggesting an absorptive market that can easily soak up new listings.

    The building approvals Ratio for houses is just 0.24%, implying a low increase in new dwelling supplies in the near future. With houses spending merely 18 days on the market on average, the demand in Hallam’s property market appears quite robust.

    The combined vacancy rate for both houses and units stands at 1.55% – a relatively balanced market between demand and supply. On the other hand, the buy search index for houses at 3 indicates neutral levels of demand.

    Conclusion:
    With these market statistics, it’s evident that Hallam 3803 boasts a healthy mix of favourable and challenging factors. It’s therefore crucial that investors conduct thorough market research and leverage comprehensive tools such as the HtAG Analytics’ RCS data, which provides valuable insights from over 80 metrics. This sophisticated tool allows investors to discern beyond the obvious, ensuring well-informed, reliable, and profitable investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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