Suburb Profile Report for Wallan VIC (3756)

Wallan House: Median price $360,000, Annual capital growth 3.44%, Number of sales 170, Weekly median advertised rent $330

Wallan Unit: Median price $277,750, Annual capital growth 2.70%, Number of sales 30, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

Over the last year, property investments in Wallan, 3756 have given investors a capital gain of 3.23%. This compares badly with the 7.80% for VIC as a whole.

Taking the average capital gain, or increase in median house value, Wallan,3756 has racked up an average of 3.23% over the period. This ranks it number 2662th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Wallan 3756 should be seeing an average reduction in asking price of around -4.40% . This means that Wallan is holding prices well when compared to other suburbs in VIC.

Property investors should expect to get $330 weekly from the median priced house in this suburb.

Property investors who have had real estate in Wallan, 3756 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 4.61%

Over the longer term, Wallan has seen property prices show investors a 5.41% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -4.02% to buyers in Wallan at the moment, which is less than average for the rest of VIC.

Situated 44.56km from the CBD, Wallan is one of Mitchell localities in the postcode 3756.

HOUSE UNIT
$360,000 $277,750
1.41% 0.45%
3.23% 4.61%
3.44% 2.70%
$330 $295
170 30
4.77% 5.52%
64.2 117.32

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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