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
$760k
Quarterly price change
0%
Metro Melbourne Comparison
$923k
2.7%
| Bedrooms | Hallam | Metro comparison |
|---|---|---|
| 2 | - | $881,200 |
| 3 | $715,000 | $810,000 |
| 4 | $798,000 | $942,350 |
| Insight | Hallam | Metro comparison |
|---|---|---|
| Clearance rate | 78.5% | |
| Days on market | 42 | 42 |
Rental data
Median weekly rent
$548
Rental yield
3.8%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Hallam | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | $540 | $550 |
| 4 | $580 | $600 |
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