Suburb Profile Report for Wallan VIC (3756)

Wallan House: Median price $369,500, Annual capital growth 3.93%, Number of sales 217, Weekly median advertised rent $340

Wallan Unit: Median price $277,000, Annual capital growth 3.11%, Number of sales 30, Weekly median advertised rent $300

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.27% which means that Wallan, 3756 has done well for property investors by showing a capital gain of 5.57% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Wallan comes in at number 550th in VIC.

Our latest figures would indicate that property sellers in Wallan are currently offering property investors an average price cut of -4.62% below the asking price at the moment.

Situated 43.99km from the CBD, Wallan is one of Mitchell localities in the postcode 3756.

Wallan has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of 1.28% to date .

The five-year average increase in median property values for Wallan,3756 has given property investors a potential capital gain of -1.77% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wallan, 3756. Typically our figures indicate that -4.33% is being offered, which puts this VIC suburb at 1002th most discounted overall in Australia.

Residents and property investors in Wallan have been waiting around 118.85 days to sell a property.

With the median price for a house in Wallan being $277000 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.63%

Metrics i HOUSE UNIT
$369,500 $277,000
2.64% N/A
5.57% 1.28%
3.93% 3.11%
$340 $300
217 30
4.78% 5.63%
67.16 118.85

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in Wallan VIC
Demographics
Total population 8502
Median household income ($/weekly) 1427
Median age of persons 32
Median housing loan repayment ($/monthly) 1762
Average household size 3
  • Census Count Percent(%)
    5-14 years 1471 17.3
    25-34 years 1178 13.9
    35-44 years 1464 17.2
    45-54 years 1167 13.7
    55-64 years 842 9.9
    Others 2382 28.0
    Age Group
    Census Count Percent(%)
    Registered Married 2979 52.6
    Not Married 2010 35.5
    Defacto Relationship 675 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 6802 85.9
    Japan 81 1.0
    Papua New Guinea 120 1.5
    United Kingdom 308 3.9
    Other 125 1.6
    Others 479 6.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 45 0.6
    Christianity 5354 70.9
    Islam 120 1.6
    Other Religious Groups 42 0.6
    No Religion 1948 25.8
    Others 47 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 251 10.9
    $1,250-$1,499 265 11.5
    $1,500-$1,999 381 16.6
    $2,000-$2,499 277 12.0
    $2,500-$2,999 200 8.7
    Others 925 40.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2678 45.9
    Not in the labour force 1586 27.2
    Employed, worked part-time 1121 19.2
    Employed, away from work 266 4.6
    Unemployed, looking for work 179 3.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 456 11.2
    Professionals 482 11.9
    Technicians & trades workers 782 19.2
    Clerical & administrative workers 651 16.0
    Machinery operators & drivers 426 10.5
    Others 1268 31.2
    Occupation
    Census Count Percent(%)
    Pre-school 174 7.9
    Infants/Primary 920 41.8
    Secondary 678 30.8
    Technical or Further Educational Institution 165 7.5
    University or other Tertiary Institutions 186 8.5
    Others 76 3.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7129 90.9
    Semi-detached, row or terrace house, townhouse 503 6.4
    Flat, unit or apartment 208 2.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1587 62.1
    Fully owned 528 20.7
    Rented 431 16.9
    Other tenure type 10 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals