Hallam apartment listings soar to Victoria top spot: Investar

Hallam apartment listings soar to Victoria top spot: Investar
Hallam apartment listings soar to Victoria top spot: Investar

Hallam is the Victorian location where there has been the biggest increase in unit stock compared to last year, according to Investar’s latest market report.

The property advisory firm states that the suburb in Melbourne's south-east has experienced a unit listing growth of 204%, up from 21 to 64 over the past 12 month period.

This is followed by Yarrawonga, up from 20 to 35 and Windsor, up from 28 to 49 units on sale.

Suburb Postcode Current sales stock Sales stock 1 yr ago Growth
Hallam 3803 64 21 204%
Yarrawonga 3730 35 20 75%
Windsor 3181 49 28 75%
West Melbourne 3003 87 50 74%
Carrum Downs 3201 34 21 61%
Carnegie 3163 79 50 58%

This list was produced using historical listing data at a suburb level for units.

It is designed to identify the suburbs with the biggest increase in stock on market for the current month when compared to the stock on market for the same period 12 months ago.

A large increase in stock on market could indicate weakening demand conditions or an increase in supply from growing activity in the market.

Units for sale off the plan at around the $360,000 median in Hallam includes a two bedroom unit at 19/20-22 Belgrave-Hallam Road (above) that is for sale for $360,000.

Similarly a three bedroom unit at 18/59-61 Belgrave Hallam Road (below) is for sale for $370,000.

Hallam apartment listings soar to Victoria top spot: Investar

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Victoria Unit Market Investar

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