The Hallam median house price stands at $740,000 for the April to June 2025 quarter, according to DataVic and REIV data. That figure represents a quarter-on-quarter change of -2.0% and a year-on-year change of -1.7%, placing Hallam in a modest consolidation phase after several years of strong south-east Melbourne growth.

What Is the Hallam Median House Price Right Now?

Based on DataVic and REIV figures for the April to June 2025 quarter, the headline numbers for Hallam property are:

• Median house price: $740,000 (QoQ: -2.0% | YoY: -1.7%)
• Median unit price: $595,000 (QoQ: +0.8% | YoY: +18.4%)

The divergence between houses and units is one of the most striking features of the current Hallam property market. While the median house price has eased slightly over the past twelve months, the unit segment has surged 18.4% year-on-year. This reflects a broader pattern playing out across Melbourne’s outer south-east, where affordability pressures are driving renewed demand for attached dwellings and investors are responding to stronger rental yields on smaller stock.

For context, Hallam sits within the City of Casey, one of Victoria’s fastest-growing local government areas. The suburb’s proximity to Narre Warren, Berwick, and the Princes Highway corridor has historically underpinned steady demand from owner-occupiers seeking land content at a discount to inner and middle-ring suburbs. Buyers who track median house prices in Reservoir or other established suburbs often look to Hallam as a value comparison point within the broader Melbourne market.

What Do the Numbers Say About the Hallam Property Market?

The DataVic and REIV quarterly data tells one part of the story. Layering in ABS Census 2021 demographic data provides important context for anyone buying in Hallam, selling in Hallam, or investing in Hallam.

Hallam Demographic Snapshot (ABS Census 2021)

• Population: 11,355
• Median age: 36.0 years
• Median household income: $1,489 per week
• Median rent: $361 per week

A median household income of $1,489 per week (ABS Census 2021) translates to roughly $77,400 per year before tax. At a median house price of $740,000, the price-to-income ratio sits at approximately 9.6 times annual household income, which is elevated by historical standards but broadly in line with outer Melbourne suburban norms in 2025 and 2026.

The median rent of $361 per week (ABS Census 2021) implies a gross rental yield on houses of approximately 2.5% at the current median price. Unit investors, however, are seeing considerably more favourable conditions given the combination of a lower entry price ($595,000 median) and the same broad rental demand pool, which pushes indicative gross yields higher for that segment.

How Does Hallam Compare to Other Melbourne Suburbs?

Hallam’s $740,000 median house price positions it as a more accessible entry point than many of Melbourne’s inner and middle suburbs. For comparison, buyers researching the median house price in Northcote or the median house price in Thornbury will find those inner-north suburbs commanding significantly higher medians, often above $1.2 million for houses. Hallam’s appeal to first-home buyers and value-focused investors is therefore well founded within a Melbourne-wide context.

What Are the Key Considerations When Buying, Selling or Investing in Hallam?

Whether you are buying in Hallam, selling in Hallam, or assessing Hallam as an investment, the current data raises several important points worth understanding before you transact.

For Buyers

• The -2.0% quarter-on-quarter movement in the house median suggests some negotiating room for buyers in the current cycle. Vendors who purchased before 2021 typically retain strong equity buffers, but those who bought at peak 2022 prices may have more flexibility.
• Land content remains a primary driver of value in Hallam. Larger allotments above 600 square metres consistently transact above the suburb median.
• Proximity to Hallam railway station, Hallam Primary School, and the South Gippsland Highway interchange are key liveability factors that affect individual property pricing above and below the median.

For Sellers

• The current median of $740,000 is still above pre-pandemic (2019) price levels, meaning most long-term owners retain meaningful capital gains even after the modest YoY softening.
• Presentation, marketing reach, and method of sale (auction versus expressions of interest) all materially influence achieved price relative to the suburb median in a slower market. Professional appraisal is the essential first step.
• Units have outperformed houses on a year-on-year basis by a wide margin (18.4% vs -1.7%), so owners of units or townhouses in Hallam are entering a comparatively strong selling environment.

For Investors

• The 18.4% year-on-year unit price growth (DataVic and REIV, Apr-Jun 2025) signals genuine demand compression in the attached-dwelling segment. Investors who entered the unit market 12 to 24 months ago have seen strong capital growth.
• With a median weekly rent of $361 per week (ABS Census 2021), yields on units at current prices are more favourable than on houses, and rising unit prices suggest the market has absorbed recent supply additions.
• Casey LGA’s continued population growth, driven by greenfield development in the broader south-east growth corridor, supports long-term rental demand fundamentals for Hallam.

How Does Collings Real Estate Help You Act on Hallam Property Data?

At Collings Real Estate, we specialise in delivering data-driven property advice across Melbourne. While our office is based at 230 Waterdale Road, Ivanhoe VIC 3079, our team actively assists clients transacting in growth suburbs across the metropolitan area, including Hallam and the City of Casey.

Free Property Appraisal

If you are considering selling in Hallam, the most important first step is understanding how your specific property compares to the $740,000 house median or the $595,000 unit median. Property appraisals are not simply about quoting a median figure. They account for your property’s land size, configuration, condition, street position, and recent comparable sales in your immediate precinct.

Our appraisals are free, obligation-free, and grounded in the same DataVic and REIV data sets referenced throughout this page. Request a free property appraisal by calling us on 03 9486 2000 or emailing info@collings.com.au.

Off-Market and Portal Access

Buyers and investors looking for Hallam property before it hits the public portals can access our off-market listings and pre-market opportunities through the Collings property portal. Registering takes under two minutes and connects you directly with our sales team for suburb-specific stock alerts.

Ongoing Market Intelligence

Our team publishes regularly updated suburb data across Melbourne. If you are comparing Hallam against other suburb options, our guides on the median house price in Brunswick and other Melbourne suburbs provide the same data-first approach to help you benchmark your decision confidently.

Frequently Asked Questions About Hallam Property Prices

What is the median house price in Hallam in 2025?

According to DataVic and REIV, the median house price in Hallam for the April to June 2025 quarter is $740,000, reflecting a year-on-year change of -1.7% and a quarter-on-quarter change of -2.0%.

What is the median unit price in Hallam?

The median unit price in Hallam for the April to June 2025 quarter is $595,000, representing year-on-year growth of 18.4% and a quarter-on-quarter increase of 0.8%, according to DataVic and REIV data.

What is the population of Hallam?

ABS Census 2021 records Hallam’s population at 11,355 residents, with a median age of 36.0 years and a median household income of $1,489 per week.

Is Hallam a good suburb to invest in?

Hallam’s unit segment has recorded 18.4% year-on-year price growth as of the April to June 2025 quarter (DataVic and REIV), which is a strong indicator of investor demand. House prices have consolidated slightly (-1.7% YoY), which may present buying opportunities for long-term investors. Always seek independent financial advice before purchasing an investment property.

How do I get a property appraisal in Hallam?

You can request a free, obligation-free property appraisal from Collings Real Estate by calling 03 9486 2000, emailing info@collings.com.au, or visiting our office at 230 Waterdale Road, Ivanhoe VIC 3079.

Hallam’s property market in 2025 and into 2026 presents a nuanced picture: house prices are in a mild consolidation phase while units are recording strong double-digit annual growth. Whether you are buying, selling, or investing, grounding your decisions in the actual quarterly data from DataVic and REIV, combined with a professional appraisal of your specific property, is the most reliable path to a confident outcome. Contact Collings Real Estate on 03 9486 2000 or at info@collings.com.au to take the next step.