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.
