3803, Victoria

Real Estate & Property Information

Price Rank

hallam Suburb Profile & Review

Hallam is a sparse but busy south-eastern suburb located less than forty minutes from the city centre. Residents are conveniently close to the Monash Freeway and the South Gippsland Freeway, and as a result first-rate shopping centres like Westfield Fountain Gate and Chadstone are mere moments away.

A modest collection of eateries and takeaway shops can be found tucked between the Princes Highway and Hallam Road, like the Euro cafe and Bakehouse. The Hallam Hotel welcomes patrons with its bistro-style dining and live music shows.

From Hallam Station, it is a fifty minute journey to Flinders Street. Families with children have the benefit of three public schools: Hallam Primary School, Hallam Secondary College and Hallam Senior Secondary College. A high proportion of residents are employed in the trades and manufacturing industries and much of Hallam is industrial in appearance.

hallam Demographic Data

$ 360,000 Median House Price

33 Minutes Average Commute

35 Median Age

10,162 Population

50.76 % Female

49.24 % Male




What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in hallam, Victoria.

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hallam Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

hallam Median House Prices

  • 2008 $ 265,000
  • 2009 $ 310,000
  • 2010 $ 329,500
  • 2011 $ 365,000
  • 2012 $ 360,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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hallam 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in hallam have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term hallam property price predictions.

hallam Market Property Types

  • 86 % Seperate House
  • 7 % Semi Detached
  • 7 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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hallam Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

hallam Income & Mortgage Stats

  • $ 1,158 Median Weekly Household Income
  • $ 1,573 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in hallam

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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hallam Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

hallam Sold Property Prices

hallam Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

hallam Related Local Blog Posts

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Have Australians become a bunch of Whingers?

  Melbourne Auction Results 11th of September 2017 73% Clearance Rate 836 Reported Auctions Sold at Auction: 523     Passed in: 194     Sold Before: 99     Sold After: 0     Postponed 14       Source:REIV   Melbourne Market Wrap March 11th September , 2017 The REIV reported 836 properties

Melbourne’s Daily Average Visitors Nearing 1 Million

According to Population Estimates and Forecasts report nearly one million people will be visiting Melbourne on an average weekday within the next five years

Is Housing Affordability Creating A Gap Between The Rich and The Poor?

Australia’s political parties are using housing affordability as a platform to boost their popularity and polarise the community, but is this a local issue? Low interest rate cycles globally have pushed asset prices up, so how will this affect our market?

Households under Mortgage Stress Could Surpass 800,000

The latest unemployment figure releases last week show the Australian economy is growing but is this true? We scratch the surface and look at the problem with our wage growth, our youth unemployment and why many households are suffering mortgage stress.

hallam Restaurants

  • Positano Restaurant214A Princes Highwayhallam VIC 380303 8786 1000
  • Jaipur Palace Indian Restaurant9/1-7 Belgrave-Hallam Roadhallam VIC 380303 9702 3555
  • Hong Thai MaiShop 5a, 1-7 Belgrave Hallam Road hallam VIC 380303 9703 1451

hallam Cafes

  • Cappucino Xpress12 Errol Sthallam VIC 380303 9703 2855
  • Hallam Central Park CafeLot 1, 3 Austral Placehallam VIC 380303 9796 3010
  • Latte Cartelle241 Princes Highwayhallam VIC 38031300 783 342

hallam Schools

  • Hallam Primary SchoolHarmer Roadhallam VIC 3803(03) 9703 1536State Primary School
  • Hallam Senior Secondary College74-84 Frawley Roadhallam VIC 3803(03) 9703 1266State Secondary College

hallam Childcare

  • Cornwall Kids at Hallam41 Cornwall Streethallam VIC 3803
  • Hallam Gardens Childrens Centre26-28 Nettle Drivehallam VIC 3803

hallam Kindergarten and Preschools

  • Hallam PreschoolPrinces Drivehallam VIC 3803

hallam Sporting Centres and Clubs

  • Hallam Tennis Clubhallam VIC 3803Tennis Club & Courts

hallam Retirement Villages

  • Saffron Grovehallam VIC 3803

hallam Vets

  • South Eastern Animal Emergency Centrehallam VIC 3803
  • Animal Emergency Centrehallam VIC 3803

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