Hallam Short-Term Rental (Airbnb) Market
Hallam VIC Investment Analysis
HOLD
— 3.7% gross yield on a $787,000 median.
THE MARKET
Hallam has compounded at 3.7%/yr over 5 years — a house that cost $656,268 in 2021 is worth $787,000 today. Properties are sitting on market for 34 days (roughly balanced conditions). At the same growth rate, today's median reaches $943,775 by 2031.
- **Median house:** $787,000 | **Units:** $293,630 - **Gross yield:** 3.7% | **Net yield:** 2.2% - **5yr price CAGR:** 3.7%/yr | **3yr forecast:** 4.1%/yr - **Population:** 52,204 | **Owner-occupier rate:** 37% | **Affluence:** Below Average
- **Supply pipeline:** Moderate — Development activity consistent with long-term averages
RENTAL SNAPSHOT
- **Vacancy:** 1.7% (improving) | **Rental demand:** High - **Median weekly rent:** $560/wk | **Days on market:** 34 (stable) - Landlord market — rents likely to keep rising.
SHORT-TERM RENTAL
- **Median nightly rate:** $175/night | **Occupancy:** 66% - **Estimated annual STR gross:** ~$42,158/yr - **vs long-term rent:** $29,120/yr (+45% STR premium — factor in higher management costs)
INFRASTRUCTURE & CATALYSTS
- No major confirmed infrastructure projects on record. - **Transport:** Standard suburban transport access
BULL CASE
If Hallam maintains 3%+ annual growth and vacancy stays below 1.2%, median prices could reach $905,050 within 3 years with yields compressing slightly as capital values rise.
BEAR CASE
A market correction or interest rate shock could see prices in Hallam pull back 10-15% from $787,000, with vacancy rising to 3.1% and rental yields softening as tenants gain leverage.
KEY RISKS
- No significant risk factors identified for this suburb
COMPARABLE MARKETS
- **Eumemmerring** (VIC): $645,000 median, 0.0% yield, 0.0% 1yr growth - **Eynesbury** (VIC): $690,000 median, 0.0% yield, 0.0% 1yr growth - **Ferntree Gully** (VIC): $886,000 median, 0.0% yield, 0.0% 1yr growth
THE PLAY
Hallam offers balanced fundamentals but does not present an urgent buying signal. The market is in a growth phase with low vacancy risk. Monitor vacancy trends and price movements over the next 6-12 months. Only enter if a property can be acquired at or below median pricing with yields exceeding 4.2%.
- Entry range: $708,300 – $865,700 - Minimum gross yield to target: 4.5% - Watch signal: vacancy staying below 2% and days on market holding under 35
This analysis is for informational purposes only and does not constitute financial, legal, or investment advice. Seek professional advice before making investment decisions.
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Analyse a Property →Data sourced from ABS, state government property sales, and Airbnb market analytics. For informational purposes only — not financial advice.