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
$737k
Quarterly price change
-0.1%
Metro Melbourne Comparison
$916k
0.1%
| Bedrooms | Hallam | Metro comparison |
|---|---|---|
| 2 | - | $902,000 |
| 3 | $711,000 | $807,500 |
| 4 | $817,500 | $950,000 |
| Insight | Hallam | Metro comparison |
|---|---|---|
| Clearance rate | 73.3% | |
| Days on market | 36 | 42 |
Rental data
Median weekly rent
$500
Rental yield
3.5%
Metro Melbourne Comparison
$575
3.3%
| Bedrooms | Hallam | Metro comparison |
|---|---|---|
| 2 | - | $560 |
| 3 | $500 | $550 |
| 4 | - | $595 |
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