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Wallacedale, VIC 3303
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$510,000
Median Unit
$380,000
Gross Yield (houses)
2.2%
1yr Growth
-
Investment snapshot for Wallacedale
Wallacedale has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Wallacedale market and investor summary
Wallacedale (VIC 3303) runs a median house price of $510K, with houses yielding a gross 2.2%.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.2% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in Wallacedale: people, income and schools
Wallacedale has a resident population of roughly 94, a number that has held fairly steady over five years. The median age is 45, skewed a little older, and 73% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $84,000 a year, or roughly $1,610 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (4 out of 10). At current prices a median house runs to about 6.1 times local household income, in line with much of metropolitan Australia. Incomes have risen about 32% over five years, which tends to underpin what local buyers can pay.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 94
- -1% over 5yr
- Median age
- 45 years
- Median household income
- $84,000/yr
- Households renting
- 12%
- Family households
- 75%
- Socio-economic rank
- 4/10
- 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 Wallacedale
No properties currently listed in Wallacedale
Search Wallacedale listings →Frequently asked questions about Wallacedale
What should I check before investing in Wallacedale?
Wallacedale 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 Wallacedale?
The median property price in Wallacedale, VIC 3303 is $510K for houses and $380K for units.
What rental yield does Wallacedale show?
The gross rental yield in Wallacedale is 2.2% for houses and 3.1% for units. 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 Wallacedale?
Wallacedale has a population of approximately 94 residents, with a median age of 45.
Is Wallacedale affordable to buy in?
A median house in Wallacedale costs about 6.1 times the median local household income (broadly in line with metropolitan Australia). 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 Wallacedale's population growing?
The population of Wallacedale 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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