Market snapshot
Suburb insights for Hallam3803
Change suburbHallam is located 34 km south-east of the CBD. Located on Melbourne's south-eastern fringe Hallam has experienced signficant population growth over the last fifteen years. A high proportion (29%) of Hallam's labour force is employed in the manufacturing sector and the area has developed a significant industrial belt in the south-west of the suburb. Hallam also features the Gunn Road Reserve while the Pakenham railway line and Princes Hwy traverse the area.
Sales data
Median sale price
$738k
Quarterly price change
-6.9%
Metro Melbourne Comparison
$912k
-1.5%
| Bedrooms | Hallam | Metro comparison |
|---|---|---|
| 2 | - | $902,500 |
| 3 | $711,000 | $810,000 |
| 4 | $810,000 | $955,000 |
| Insight | Hallam | Metro comparison |
|---|---|---|
| Clearance rate | 73.8% | |
| Days on market | 35 | 42 |
Rental data
Median weekly rent
$490
Rental yield
3.5%
Metro Melbourne Comparison
$560
3.2%
| Bedrooms | Hallam | Metro comparison |
|---|---|---|
| 2 | - | $550 |
| 3 | $490 | $540 |
| 4 | - | $580 |
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