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Wallaga Lake
AREA REPORTS

Wallaga Lake

Wallaga Lake - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2546

house

WALLAGA LAKE, 2546 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling WALLAGA LAKE, 2546 values up and netting property investors a capital gain of 7.45% for the past year.

Investors saw the median home price rise to $562,500.

Profits due to an upward trend in home prices in the suburb averaged 8.52% per annum over a 3-year period.

WALLAGA LAKE now ranks at the 997th place on a list of fastest growing suburbs in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in WALLAGA LAKE are low, as opposed to average gains per annum over the past five years.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In WALLAGA LAKE, homes and units usually stay on listing for an average of 82.3 days.

In 2016, 16 properties were sold in WALLAGA LAKE during the past year, making it the 1106th most active market in NSW based on total real estate transactions.

Data report can be found below

Wallaga Lake
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $562,500 N/A
GROWTH REPORT
Median Quarterly 1.35% N/A
Median 12 month 7.45% N/A
Median 3 years 25.56% N/A
Median 5 years 22.82% N/A
10 years average annual 6.82% N/A
Weekly media advert. rent N/A N/A
Time on Market 82.3 days N/A
Gross Rental Yield Percent N/A N/A
demographics (median values)*
Total Population
9121
Weekly Household Income
848
Household Size
2.10
Age
58
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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