Wallan is in the bottom 30% 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 1.45%.
Across a shorter period, Wallan, 3756 has seen a median price increase of -1.41% over the last quarter.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.99% offered to property buyers. Sellers in Wallan itself are offering an average vendor discount of -4.75% to real estate investors.
The VIC suburb of Wallan, 3756 is in the Mitchell local government area.
VIC has seen average median house prices change by 4.09% which means that Wallan, 3756 has done well for property investors by showing a capital gain of 9.92% over the last year
Taking the average capital gain, or increase in median house value, Wallan,3756 has racked up an average of 9.92% over the period. This ranks it number 1153th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Wallan is offering property investors an average of -5.27. This rate of discount on properties puts Suburb at number 139th in terms of most discounted suburbs in VIC
Property investors should expect to get $297.5 weekly from the median priced house in this suburb.