$250 —
Lower than 60% of suburb / locality areas.
- 2016: $249
- 2021: $250
Median weekly rent paid by households renting their home.
Wallace · Suburb / Locality
Housing & Dwellings in Wallace
Where and how people live — the homes, how they are held, and what they cost.
Every single home in Wallace is a separate house, making it a rare example of a completely detached residential area. This creates a landscape of large family homes, with nearly 90% of dwellings having three or more bedrooms.
$250
—
- $0–$25: 37 areas
- $25–$50: 86 areas
- $50–$75: 199 areas
- $75–$100: 214 areas
- $100–$125: 525 areas
- $125–$150: 343 areas
- $150–$175: 699 areas
- $175–$200: 597 areas
- $200–$225: 1183 areas
- $225–$250: 724 areas
- $250–$275: 1277 areas
- $275–$300: 787 areas
- $300–$325: 1282 areas
- $325–$350: 618 areas
- $350–$375: 935 areas
- $375–$400: 570 areas
- $400–$425: 763 areas
- $425–$450: 288 areas
- $450–$475: 415 areas
- $475–$500: 176 areas
- $500–$525: 204 areas
- $525–$550: 79 areas
- $550–$575: 125 areas
- $575–$600: 70 areas
- $600–$625: 97 areas
- $625–$650: 21 areas
- $650–$675: 54 areas
- $675–$700: 145 areas
All suburb / locality areas, 2021. The marker is Wallace — lower than 60% of areas.
Housing costs
Rents, mortgages and crowding.
Typical weekly rents are $250, which is well below the Victorian figure of $370. Monthly mortgage payments usually sit at $1,757, a figure that is about the same as the national average.
$1,757 —
Higher than 58% of suburb / locality areas.
- 2016: $1,733
- 2021: $1,757
Median monthly mortgage repayment for households with a mortgage.
Weekly rent distribution
View on map →In Wallace, $200–$349 is the majority at 100%.
Monthly mortgage distribution
View on map →In Wallace, the largest group is $1,000–$1,799 at 43%, followed by $1,800–$2,999 (37%) and Under $1,000 (10%).
Owning & renting
How homes are owned or rented.
Home ownership is strong here, with 38.2% of houses owned outright—well above the national figure of 31%. Meanwhile, only 15.8% of households rent, which is far below the 30.6% seen across Australia.
15.8% —
Lower than 53% of suburb / locality areas.
- 2016: 10.6%
- 2021: 15.8%
Share of occupied private dwellings that are rented.
38.2% —
Lower than 59% of suburb / locality areas.
- 2016: 36.4%
- 2021: 38.2%
Share of occupied private dwellings owned outright (no mortgage).
How homes are owned or rented
View on map →In Wallace, the largest group is Owned with a mortgage at 42%, followed by Owned outright (36%) and Rented (15%).
Types of homes
Houses, townhouses, apartments and bedrooms.
Homes here are larger than in most areas, with 89.5% having at least three bedrooms. Because of this, there are typically fewer people per bedroom (0.70) than in the rest of Victoria.
0.70 —
Lower than 86% of suburb / locality areas.
- 2016: 0.70
- 2021: 0.70
Average number of usual residents per bedroom — a crowding measure.
100.0% —
Higher than 99% of suburb / locality areas.
- 2016: 95.5%
- 2021: 100.0%
Share of occupied private dwellings that are separate houses.
89.5% —
Higher than 77% of suburb / locality areas.
- 2016: 97.0%
- 2021: 89.5%
Share of occupied private dwellings with three or more bedrooms.
Types of homes
View on map →In Wallace, Separate house is the majority at 100%.
Bedrooms per home
View on map →In Wallace, the largest group is 3 bedrooms at 44%, followed by 4 bedrooms (39%) and 5 or more (11%).
Sources
- Census of Population and Housing — Australian Bureau of Statistics, 2021 (CC BY 4.0).
More for Wallace
Cite this page
Australian Bureau of Statistics. (2021). Housing & Dwellings in Wallace [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sal/SAL22656/wallace/topic/housing-dwellings