Hallam vs Waurn Ponds
Property investment comparison - Hallam, VIC 3803 vs Waurn Ponds, VIC 3216
Head-to-head across core investment metrics: Hallam wins 3, Waurn Ponds wins 1. 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 | Hallam | Waurn Ponds |
|---|---|---|
| Median house price | $805K | $810K |
| Median unit price | $625K | - |
| Gross rental yield (houses) | 3.68% | 3.80% |
| Gross rental yield (units) | 4.40% | - |
| 1-year house growth | +7.7%estimate | +5.4% |
| 3-year house growth | - | -4.4% |
| Vacancy rate | 1.0% | 3.7% |
| Population | 11,355 | 4,956 |
Hallam vs Waurn Ponds: what the numbers say
The median house price is $805K in Hallam and $810K in Waurn Ponds, so Hallam is the cheaper entry point, with Waurn Ponds houses about 1% dearer.
On cash flow, Waurn Ponds leads: houses there return a gross rental yield of 3.80%, compared with 3.68% in Hallam, a gap of 0.12 percentage points.
Over the past year house prices moved +7.7% in Hallam (an estimate) and +5.4% in Waurn Ponds, so recent momentum favours Hallam, although both suburbs recorded growth.
Rental vacancy is 1.0% in Hallam and 3.7% in Waurn Ponds, 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 4,956, roughly 2.3 times the size of Waurn Ponds; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Waurn Ponds for rental income, Hallam for a lower purchase price, Hallam for recent price momentum, 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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