Fernvale vs Hallam
Property investment comparison - Fernvale, VIC 3701 vs Hallam, VIC 3803
Head-to-head across core investment metrics: Fernvale wins 0, Hallam wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Fernvale | Hallam |
|---|---|---|
| Median house price | $805K | $805K |
| Median unit price | - | $625K |
| Gross rental yield (houses) | 2.32% | 3.68% |
| Gross rental yield (units) | - | 4.40% |
| 1-year house growth | - | +7.7%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 11.9% | 1.0% |
| Population | 1,101 | 11,355 |
Fernvale vs Hallam: what the numbers say
Houses cost about the same in both suburbs: the median house price is $805K in Fernvale and $805K in Hallam.
On cash flow, Hallam leads: houses there return a gross rental yield of 3.68%, compared with 2.32% in Fernvale, a gap of 1.36 percentage points.
Rental vacancy is 1.0% in Hallam and 11.9% in Fernvale, so landlords in Hallam face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Hallam is the bigger suburb, with a population of 11,355 against 1,101, roughly 10 times the size of Fernvale; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Hallam for rental income, Hallam for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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