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
$765k
Quarterly price change
4.7%
Metro Melbourne Comparison
$895k
-2.1%
| Bedrooms | Hallam | Metro comparison |
|---|---|---|
| 2 | - | $888,000 |
| 3 | $716,500 | $807,000 |
| 4 | $815,000 | $950,000 |
| Insight | Hallam | Metro comparison |
|---|---|---|
| Clearance rate | 72.6% | |
| Days on market | 37 | 43 |
Rental data
Median weekly rent
$530
Rental yield
3.7%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Hallam | Metro comparison |
|---|---|---|
| 2 | - | $575 |
| 3 | $530 | $550 |
| 4 | - | $600 |
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