Thinking about buying in Wallu? Now could not be a better time, with just 89 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $707,000 with prices in this suburb ranging from $229,000 to $1,238,000. Wallu is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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In Wallu 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. Low average incomes in Wallu is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Wallu changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Wallu to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
16 OSBORNE CT, WALLU, QLD, 4570 | From $490,000 |
None within suburb boundary
(While the above schools are located with the suburb of Wallu 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 | 3.1 | 21.0 | 29.9 | 54.6 | 91.5 | 2.1 | 24.2 |
Mar | 7.1 | 20.2 | 28.9 | 58.1 | 93.8 | 2.1 | 18.2 |
Apr | 3.6 | 17.7 | 26.8 | 55.3 | 93.8 | 2 | 16.4 |
May | 4.2 | 13.8 | 23.6 | 53.6 | 93.7 | 1.8 | 14.1 |
Jun | 1.7 | 11.5 | 21.9 | 53.9 | 94.2 | 1.6 | 12.7 |
Jul | 1.8 | 10.2 | 22.1 | 48.3 | 94.8 | 1.6 | 13.7 |
Aug | 0.6 | 10.0 | 23.7 | 39 | 93.9 | 1.6 | 16.8 |
Sept | 1.4 | 13.1 | 25.1 | 43.8 | 92.9 | 2.0 | 19.5 |
Oct | 5.9 | 16.1 | 26.5 | 51.9 | 93.8 | 2.1 | 21.4 |
Nov | 0.8 | 17.8 | 29.2 | 44.8 | 92.0 | 2.3 | 26.2 |
Dec | 4.1 | 20.5 | 29.9 | 52.3 | 91.6 | 2.4 | 23.3 |
source: Australian Government Bureau of Meteorology
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