Wallan is an average performer in VIC when comparing median price capital growth over the last year. Wallan gave property investors a average capital gain figure when compared to the rest of the state, with 11.27%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Wallan has increased when compared to the 5 year average annual rate.
Property buyers and investors in Wallan 3756 should be seeing an average reduction in asking price of around -3.92% . This means that Wallan is holding prices well when compared to other suburbs in VIC.
Giving property investors a an unimpressive capital gain of 0.99% for the last year, Wallan, 3756 is the 1093th highest performer in Australia in this respect.
Over the longer term, Wallan has seen property prices show investors a 10.99% return over the last 3 years. This is worse than over the last 12 months
LACK OF BUYER INTEREST may well be the reason that Wallan is offering property investors an average of -4.68. This rate of discount on properties puts Suburb at number 177th in terms of most discounted suburbs in VIC
With the median price for a house in Wallan being $280250 and the advertised rent reaching $300 the gross rental yield for property investors calculates out to be 5.57%
Wallan is the fastest-growing town in the Shire of Mitchell. It is well stocked with amenities in the form of the Wellington Square Shopping Centre, which contains a supermarket. There are several schools in the area, including kindergartens, as well as childcare centres.Full summary
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Also known as Wallan Wallan, the suburb of Wallan has the Great Dividing Range as its picturesque background.
It is the fastest-growing town in the Shire of Mitchell. It is well stocked with amenities in the form of the Wellington Square Shopping Centre, which contains a supermarket. There are several schools in the area, including kindergartens, as well as childcare centres.
Wallan also serves as a connection between Melbourne and rural areas like Kilmore, since it is situated just beyond the metropolitan boundary less than an hour’s drive from the CBD. This could account for its steady growth over the past five years. Being a regional suburb, its prices are relatively low as well, and investors can get significant yields.Close