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Investment Property Wallan, VIC, 3756

Suburb Snapshot

Wallan is a suburb in the Mitchell Region of Victoria. Wallan has a population of 11,073 people and 17.52% of its occupants live in rental accommodation. The median listing price for houses is $620,000 and this has changed -1.59% over the past year and changed -1.59% over 2 years.

The median rent in Wallan for houses is $470 per week and the median rental yield is 3.94%. Stock on the market for houses/townhouses has changed 1.33% compared to last year and the average time to sell a house/townhouse is 130 days.The median listing price for units is $449,000 and this has changed 0.00% over the past year. The average unit takes 98 days to sell and the median rent for a unit in Wallan is $400 per week, producing a rental yield of 4.63%.

Supply & Demand in Wallan, Mitchell

1.26%

Current vacancy rate


84

Rental stock available


11,073

Population


17.52%

Rental population


1.02%

Current vacancy rate


260

Rental stock available


40,910

Population


19.33%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


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Statistical data for Wallan, Mitchell

  House Townhouses Units
Median listing price $620,000 NA $449,000
Median price change - last quarter -1.12% NA 0.00%
Median price change - 1 year -1.59% NA 0.00%
Median price change - 2 years -1.59% NA 2.62%
  House Townhouses Units
Median weekly rent $470 $430 $400
Median yield % 3.94% NA 4.63%
Median rent change - 1 year 4.44% 2.38% 6.66%
  House Units
Previous month sales 33 2
Stock on market previous month 229 10
Stock variance vs. last year 1.33% 66.67%
Average days on market 130 98

Wallan investment property listings

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