Suburb Profile Report for Wallan VIC (3756)

Wallan House: Median price $361,000, Annual capital growth 3.65%, Number of sales 187, Weekly median advertised rent $330

Wallan Unit: Median price $277,750, Annual capital growth 2.84%, 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

If you compare the increase in value of investment property in Wallan, 3756 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 4.26%.

Over the longer term, Wallan has seen property prices show investors a 9.06% return over the last 3 years. This is worse than over the last 12 months

At number 411th 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.

Residents and property investors in Wallan have been waiting around 65.26 days to sell a property.

With a capital gain of 2.68% for the last 12 months, Wallan, 3756 has performed for property investments than its average annual 2.84% property growth over the last 5 years.

The five-year average increase in median property values for Wallan,3756 has given property investors a potential capital gain of -2.20% across each of those five years.

The most recent median price for Wallan is $277750, with sellers offering an average of -3.79% off the asking price.

In the last year 30 properties changed hands in Wallan, which puts it as the 257th most active market in VIC when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $3600 per annum or $300 every week.

HOUSE UNIT
$361,000 $277,750
1.69% 0.27%
4.26% 2.68%
3.65% 2.84%
$330 $300
187 30
4.75% 5.62%
65.26 123.51

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (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
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Recent sales & rentals