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Wal Wal, VIC 3385
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$780,000
Median Unit
-
Gross Yield (houses)
2.8%
1yr Growth
-
Investment snapshot for Wal Wal
Wal Wal has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Wal Wal market and investor summary
In Wal Wal, VIC 3385, the median house sells for around $780K, on a gross rental yield of 2.8% for houses.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Wal Wal: people, income and schools
About 37 people live in Wal Wal, a number that has held fairly steady over five years. At a median age of 52, it reads as an older, established demographic, and 89% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $65,000 a year (about $1,260 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 11.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 14% over five years, which tends to underpin what local buyers can pay.
- Population
- 37
- +0% over 5yr
- Median age
- 52 years
- Median household income
- $65,000/yr
- Households renting
- 7%
- Family households
- 70%
- Socio-economic rank
- 6/10
- ABS advantage index
- Unemployment
- 1.9%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Wal Wal
No properties currently listed in Wal Wal
Search Wal Wal listings →Frequently asked questions about Wal Wal
What should I check before investing in Wal Wal?
Wal Wal has enough public data for first-pass screening across yield, vacancy, price and supply signals. Use the available metrics below to compare it with nearby suburbs before relying on the suburb-level view.
What are typical property prices in Wal Wal?
The median property price in Wal Wal, VIC 3385 is $780K for houses.
What rental yield does Wal Wal show?
The gross rental yield in Wal Wal is 2.8% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How many people live in Wal Wal?
Wal Wal has a population of approximately 37 residents, with a median age of 52.
Is Wal Wal affordable to buy in?
A median house in Wal Wal costs about 11.9 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Wal Wal's population growing?
The population of Wal Wal has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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