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 5.49%.
A 15.38% growth in median value for property investors in Wallan,3756 puts this suburb at number 488th in terms of best performing suburbs in VIC
Wallan, 3756 is offering VIC ‘s 424th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
Wallan is 151th on a list of best yielding suburbs for rents in VIC with a 4.71% return
Investment property in Wallan has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.17%
The five-year average increase in median property values for Wallan,3756 has given property investors a potential capital gain of 1.39% across each of those five years.
The most recent median price for Wallan is $273750, with sellers offering an average of -4.50% off the asking price.
Residents and property investors in Wallan have been waiting around 113.77 days to sell a property.
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