AREA REPORTS

Wallan

VIC/
Wallan

Suburb Profile

Wallan - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3756

house
unit

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 $480,000.

The upward trend in home prices in WALLAN, 3756 averaged 12.38% per annum over a 3-year period.

Average weekly rents on listings have reached the $350 mark, reflecting a 3.79% increase in returns based on the current median price in WALLAN.

An average of 19.25 real estate transactions take place per month in WALLAN which translates to 231 per annum.

231 properties were sold in WALLAN in 2016, making it the 411th most active market in VIC based on total real estate transactions.

WALLAN, 3756 places 114th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $480,000 $321,000
GROWTH REPORT
Median Quarterly 4.35% 0.47%
Median 12 month 22.76% 10.69%
Median 3 years 37.14% 27.38%
Median 5 years 43.28% 21.82%
10 years average annual 6.61% 3.27%
Weekly media advert. rent $350 $310
Time on Market 35.2 days 31.8 days
Gross Rental Yield Percent 3.79% 5.02%
demographics (median values)
Total Population
6641
Weekly Household Income
1158
Household Size
3.10
demographics
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