Suburb Profile
Wallan - FREE SUBURB PROFILE REPORT POSTAL CODE: VIC,3756
WALLAN, 3756 ranks 243rd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 22.67% for property investors.
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 $460,000.
The upward trend in home prices in WALLAN, 3756 averaged 11.76% per annum over a 3-year period.
Average weekly rents on listings have reached the $350 mark, reflecting a 3.96% increase in returns based on the current median price in WALLAN.
An average of 20.25 real estate transactions take place per month in WALLAN which translates to 243 per annum.
243 properties were sold in WALLAN in 2016, making it the 390th most active market in VIC based on total real estate transactions.
WALLAN, 3756 places 76th in Australia based on median property value growth during the quarter.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $460,000 | $320,000 |
| GROWTH REPORT | ||
| Median Quarterly | 6.48% | 3.23% |
| Median 12 month | 22.67% | 15.52% |
| Median 3 years | 35.29% | 23.08% |
| Median 5 years | 39.39% | 20.75% |
| 10 years average annual | 6.15% | 3.22% |
| Weekly media advert. rent | $350 | $310 |
| Time on Market | 39.8 days | 46.2 days |
| Gross Rental Yield Percent | 3.96% | 5.04% |
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