With a capital gain of 6.62% for the last 12 months, Wallan, 3756 has performed for property investments than its average annual 4.17% property growth over the last 5 years.
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.
Vendor discounting in Wallan is giving property investors an average Vendor Discount of around -4.10%. This puts suburb at number 428th in VIC when ranking the most discounted suburbs.
Situated 44.81km from the CBD, Wallan is one of Mitchell localities in the postcode 3756.
VIC has seen average median house prices change by 4.79% which means that Wallan, 3756 has done well for property investors by showing a capital gain of 0.18% over the last year
While Wallan,3756 ranked number 196th in VIC for increase in median house value (annualised) increase, it is ranked 272th over the last 5 years.
Wallan3756 is located in VIC which offers an average discount of -4.87% to property investors. Wallan itself is showing figures that indicate -4.85% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Wallan have been waiting around 100.48 days to sell a property.
With the median price for a house in Wallan being $277000 and the advertised rent reaching $297.5 the gross rental yield for property investors calculates out to be 5.58%
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