Thinking about buying in Wallan? Now could not be a better time, with 8592 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $747,000 with prices in this suburb ranging from $76,000 to $9,216,000. The aproximate distance to the coast is 41 Km.
Median Weekly Rent | $375.44 |
Median Monthly Mortgage | $1765.56 |
Median Persons Per Bedroom | 0.80 |
Average Household Size | 2.94 |
Average Age | 33.53 |
Average Income | $848.81 |
Average Cars Per Dwelling | 2.12 |
Average Properties Within 50M | 10 |
1 Bed  $667,000 |
2 Bed  $568,000 |
3 Bed  $736,000 |
4 Bed  $917,000 |
5 Bed  $1,216,000 |
6 Bed+$1,374,000 |
In Wallan there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Incomes in Wallan are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Wallan classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Wallan necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Wallan we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Wallan a better buying opportunity than it may have been in the past.
Wallan Primary School
Wallan Secondary College
Darraweit Guim Primary School
(While the above schools are located with the suburb of Wallan there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 1.6 | 12.6 | 26.3 | 37.4 | 92.8 | 6.6 | 25.2 |
Feb | 1.5 | 12.9 | 25.4 | 41.9 | 93.8 | 6.3 | 20.9 |
Mar | 1.8 | 11.5 | 21.9 | 49.0 | 94.4 | 6.1 | 16.5 |
Apr | 1.7 | 9.4 | 17.6 | 57.0 | 94.2 | 5.9 | 12.1 |
May | 2.0 | 6.8 | 12.9 | 68.9 | 96.2 | 6.4 | 8.8 |
Jun | 2.5 | 5.0 | 10.1 | 78.9 | 98.4 | 6.4 | 7.3 |
Jul | 2.2 | 4.2 | 9.4 | 80.2 | 98.7 | 7.0 | 7.4 |
Aug | 2.2 | 4.2 | 10.5 | 71.0 | 98.1 | 6.8 | 10.2 |
Sept | 2.4 | 5.9 | 13.6 | 61.5 | 95.5 | 6.8 | 14.8 |
Oct | 2.0 | 7.3 | 16.9 | 56.6 | 95.3 | 6.7 | 19.1 |
Nov | 2.4 | 9.2 | 20.4 | 49.2 | 96.1 | 6.2 | 22.6 |
Dec | 1.6 | 11.0 | 23.8 | 41.1 | 94.7 | 6.3 | 26.0 |
source: Australian Government Bureau of Meteorology
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