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Hallam, VIC 3803
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$805,000
market range $775K-$850K
Median Unit
$625,000
market range $575K-$650K
Gross Yield (houses)
3.7%
1yr Growth (houses)
+7.7%
market range +0.0% to +12.5%
Investment snapshot for Hallam
Hallam has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Hallam market and investor summary
In Hallam, VIC 3803, the median house sells for around $805K, on a gross rental yield of 3.7% for houses. House prices have moved +7.7% over the past year. At 1.0% vacancy, it is a tight rental market that favours landlords.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.7% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking.
Living in Hallam: people, income and schools
Hallam is home to around 11,355 people, a number that has held fairly steady over five years. At a median age of 36, it reads as broadly working-age, and 71% of homes are owner-occupied.
The typical household income runs to around $77,000 a year (about $1,490 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to a steep 10.4 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 41 schools within roughly 5km to choose from, testing below the national school average on ICSEA. Hallam sits about 35 km from the CBD. It is fairly car-dependent; the suburb scores 44 for walkability and 85 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 11,355
- +0% over 5yr
- Median age
- 36 years
- Median household income
- $77,000/yr
- Households renting
- 26%
- Family households
- 77%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 41
- avg ICSEA 930
- Unemployment
- 12.3%
- Distance to CBD
- 35 km
- Walk score
- 44/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Hallam
View all →Frequently asked questions about Hallam
What should I check before investing in Hallam?
Hallam has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.4% gives a usable rent-to-price starting point. Capital growth of +7.7% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Hallam?
The median property price in Hallam, VIC 3803 is $805K for houses and $625K for units.
What rental yield does Hallam show?
The gross rental yield in Hallam is 3.7% for houses and 4.4% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Hallam?
House prices in Hallam are up 7.7% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Hallam?
The current vacancy rate in Hallam is 1.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Hallam?
Hallam has a population of approximately 11,355 residents, with a median age of 36.
What schools are near Hallam?
There are 41 schools within roughly 5km of Hallam. Their average ICSEA is below the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Hallam affordable to buy in?
A median house in Hallam costs about 10.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Hallam's population growing?
The population of Hallam has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Hallam from the CBD?
Hallam is about 35 km from the CBD.
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