Wallan is in the bottom 40% in VIC when comparing median price capital growth over the last year. Wallan gave property investors a disappointing capital gain figure when compared to the rest of the state, with 5.11%.
When looking at the potential capital gains offered to property investors over the last 3 years, Wallan comes in at number 555th in VIC.
At number 402th of VIC’s most discounted properties, Wallan is in the TOP 40% of the state/territory when listing in order of most discounted to least.
The VIC suburb of Wallan, 3756 is in the Mitchell local government area.
VIC has seen average median house prices change by 4.26% which means that Wallan, 3756 has done well for property investors by showing a capital gain of -1.36% over the last year
Over the longer term, Wallan has seen property prices show investors a 6.76% return over the last 3 years. This is worse than over the last 12 months
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.07% offered to property buyers. Sellers in Wallan itself are offering an average vendor discount of -4.33% to real estate investors.
In the last year 33 properties changed hands in Wallan, which puts it as the 243th most active market in VIC when comparing the number of sales per suburb.
Advertised rents are around the $300 mark per week – giving a return of 5.73% based on the median price in Suburb