Property investors who have had real estate in Wallan, 3756 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.39%
Wallan,3756 has offered an average of -4.39% return per annum in house price rises to property investors over the last three years.
At number 192th of VIC’s most discounted properties, Wallan is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Residents and property investors in Wallan have been waiting around 77.6503 days to sell a property.
Property investors should expect to get $370 weekly from the median priced house in this suburb.
Wallan, 3756 ranked 171th in VIC when comparing growth in median property values or capital gain over the last 12 months. Wallan is one of 2099 in our list for VIC
If we look at median property appreciation over just the last three months, Wallan has given property investors a paper return of 1.13%. This puts Suburb as 177 on a list of fastest fasting appreciating suburbs in VIC
The most recent median price for Wallan is $359000, with sellers offering an average of -5.54% off the asking price.
Using the current median advertised rental of $325 and the average annual increase in value of a median property of 5.04%, investors should hope to achieve an overall return of 4.71%
Information supplied by:
Vendors have a ball
Median unit price: $322,000
Three-year growth: 28.8%
Rental yield: 5.0%
A suburb located between the outer fringes of Melbourne and the countryside of north-central Victoria, semi-rural Wallan serves as a midway point between the city and fully rural towns like Kilmore, Broadford and Seymour.
This community-oriented suburb enjoys fresh produce, limited traffic and affordable properties. Nonetheless, it’s still close to the Craigieburn Central shopping complex and Epping Plaza via the Hume Highway. Wallan Primary School, which has an excellent reputation in the area, makes it home here.
Units are going strong in this suburb, with values soaring by 15% in the year to August 2018. Even then, the median price is very affordable at under $350,000 – making it a low-priced market with a lot of upside. The average discount rate is astoundingly low at an average of 0.9%, indicating that apartments sell at almost full price.