All About Wallace, Moorabool, VIC, 3352
Wallace, located in the Moorabool Shire of Victoria, Australia, is a quaint and charming rural locality that has recently caught the attention of potential homeowners and investors. The housing market in Wallace is characterized by its affordability compared to larger neighboring cities like Melbourne and Ballarat, making it an attractive option for those looking to escape the hustle and bustle of urban life. Properties in Wallace often feature larger plots of land, offering ample space for gardening, outdoor activities, or simply enjoying the serene surroundings. The area has seen gradual growth, with new developments and infrastructure improvements enhancing its appeal while maintaining its peaceful rural atmosphere.
Living in Wallace offers residents a tight-knit community experience surrounded by picturesque landscapes and a tranquil lifestyle. The town is known for its friendly locals and a slower pace of life, making it ideal for families, retirees, and anyone seeking a more relaxed setting. Despite its rural charm, Wallace benefits from being within easy reach of essential amenities and services in nearby Bacchus Marsh and Ballarat. This balance between seclusion and accessibility allows residents to enjoy the best of both worlds—a serene rural environment with the convenience of modern living just a short drive away. The community spirit, coupled with the area's natural beauty, makes Wallace a delightful place to call home.
Household Makeup
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Housing Stock
Local Internet Speeds
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Wallace Real Estate Market Outlook
Thinking about buying in Wallace? Now could not be a better time, with just 108 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $983,000 with prices in this suburb ranging from $407,000 to $2,304,000. The aproximate distance to the coast is 61 Km.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. Incomes in Wallace are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. A mix of professions and above average income earners in Wallace provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in Wallace to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Wallace the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationProperties for sale Wallace
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35 Erin Ct, Wallace, VIC, 3352 |  4 |
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 6 |
$945,000 - $975,000 |
Local Schools
Bungaree Primary School
St Patrick's School
(While the above schools are located with the suburb of Wallace there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Wallace weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.3 | 11.8 | 27.4 | 29.5 | 91.9 | 5.8 | 25.9 |
| Feb | 1.4 | 12.2 | 26.1 | 35.5 | 93.9 | 5.8 | 21.7 |
| Mar | 1.1 | 10.6 | 23.4 | 38.1 | 95.2 | 5.5 | 16.8 |
| Apr | 1.5 | 7.8 | 18.6 | 49.5 | 96.9 | 4.8 | 12.3 |
| May | 1.8 | 5.4 | 14.1 | 63.5 | 97.9 | 5.0 | 8.7 |
| Jun | 1.9 | 3.6 | 11.2 | 74.0 | 99.0 | 4.9 | 7.2 |
| Jul | 2.1 | 3.4 | 10.5 | 74.3 | 98.9 | 5.7 | 7.5 |
| Aug | 1.9 | 3.3 | 11.6 | 65.1 | 98.4 | 5.6 | 10.4 |
| Sept | 2.2 | 4.6 | 14.3 | 58.1 | 97.1 | 5.6 | 14.4 |
| Oct | 1.6 | 6.5 | 18.1 | 49.6 | 96.4 | 5.4 | 19.8 |
| Nov | 1.6 | 8.3 | 20.8 | 44.7 | 96.5 | 5.3 | 22.6 |
| Dec | 1.3 | 10.3 | 24.6 | 33.7 | 93.8 | 5.6 | 25.5 |
source: Australian Government Bureau of Meteorology
Public Transport
Clunes - Greater then 10KM
Bullarto - Greater then 10KM
Musk - Greater then 10KM
Bacchus Marsh - Greater then 10KM
Ballarat - Greater then 10KM
Daylesford - Greater then 10KM
Creswick - Greater then 10KM
Ballan - Greater then 10KM
Nearby Suburbs
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