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Wallalong, NSW 2320
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,310,000
market range $1.2M-$1.6M
Median Unit
$525,000
Gross Yield (houses)
2.8%
1yr Growth (units)
+0.0%
estimate
Investment snapshot for Wallalong
Wallalong has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Wallalong market and investor summary
Wallalong (NSW 2320) runs a median house price of $1.3M, with houses yielding a gross 2.8%. House prices have moved +42.0% over three years. At 12.6% vacancy, it is a softer rental market with more choice for tenants.
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. Demand is softer at 12.6% vacancy, so longer gaps between tenants are more likely and worth building into the numbers.
Living in Wallalong: people, income and schools
About 1,049 people live in Wallalong, and the area has been growing steadily, up about 15% over five years. The median age is 39, broadly working-age, and 95% 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 $132,000 a year, or roughly $2,550 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 9.9 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
There are 3 schools within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 3 for walkability out of 100. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 1,049
- +15% over 5yr
- Median age
- 39 years
- Median household income
- $132,000/yr
- Households renting
- 4%
- Family households
- 88%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 1011
- Unemployment
- 3.4%
- Walk score
- 3/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Wallalong
View all →Frequently asked questions about Wallalong
What should I check before investing in Wallalong?
Wallalong has enough public data for first-pass screening across yield, vacancy, price and supply signals. Strong unit gross rental yield of 6.0%, before expenses, tax and loan costs. 3-year capital growth of +42.0% shows sustained momentum, not just a single-year spike. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Wallalong?
The median property price in Wallalong, NSW 2320 is $1.3M for houses and $525K for units.
What rental yield does Wallalong show?
The gross rental yield in Wallalong is 2.8% for houses and 6.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Wallalong?
House prices in Wallalong are up 42.0% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Wallalong?
The current vacancy rate in Wallalong is 12.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is softer, with tenants having more choice and rents possibly under pressure.
How many people live in Wallalong?
Wallalong has a population of approximately 1,049 residents, with a median age of 39.
What schools are near Wallalong?
There are 3 schools within roughly 5km of Wallalong. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Wallalong affordable to buy in?
A median house in Wallalong costs about 9.9 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 Wallalong's population growing?
The population of Wallalong has grown about 15% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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