Suburb Profile
Wallan - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3756
Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.
The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $437,750.
The upward trend in home prices in WALLAN, 3756 averaged 9.58% per annum over a 3-year period.
Average weekly rents on listings have reached the $345 mark, reflecting a 4.1% increase in returns based on the current median price in WALLAN.
An average of 19.83 real estate transactions take place per month in WALLAN which translates to 238 per annum.
238 properties were sold in WALLAN in 2016, making it the 393rd most active market in VIC based on total real estate transactions.
WALLAN, 3756 places 228th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $437,750 | $310,000 |
| GROWTH REPORT | ||
| Median Quarterly | 3% | 1.64% |
| Median 12 month | 17.22% | 11.91% |
| Median 3 years | 28.75% | 22.29% |
| Median 5 years | 35.74% | 16.98% |
| 10 years average annual | 5.57% | 2.86% |
| Weekly media advert. rent | $345 | $310 |
| Time on Market | 43.3 days | 51.5 days |
| Gross Rental Yield Percent | 4.1% | 5.2% |
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Amazing story so true
The credit vs cash spending behaviour is...