Mulgoa vs Wallacia
Wallacia (median $1,150,000) is roughly 34% cheaper to buy into than Mulgoa ($1,750,000). Over the past year, Wallacia (+22.3%) ran 16.4 percentage points ahead of Mulgoa (+5.9%) on house-price growth.
Buying in Mulgoa or Wallacia?
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Mulgoa and Wallacia side by side
| Measure | Mulgoa | Wallacia |
|---|---|---|
| Price and market | ||
| Median house | $1,750,000 | $1,150,000 |
| Median unit | $384,480 | $384,480 |
| House price change, 12 months | +5.9% | +22.3% |
| Renting | ||
| House rent | $795/wk | $795/wk |
| Unit rent | $570/wk | $570/wk |
| Owner occupied | 84.0% | 76.0% |
| Renter occupied | 14.0% | 20.0% |
| Schools | ||
| Schools nearby | 20 | 14 |
| Average ICSEA | 1007 | 1005 |
| Lifestyle and people | ||
| Walk score | 8 | 8 |
| Transit score | 0 | 0 |
| Bike score | 0 | 0 |
| Population | 2,044 | 1,711 |
| Median age | 41 | 38 |
| Climate | ||
| Annual rainfall | 755 mm | 755 mm |
| Mean max, January | 30.4°C | 30.4°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
On school quality, the average ICSEA across schools serving Mulgoa (1007) sits above Wallacia (1005).
- For buyers
- Wallacia is the lower entry point at $1,150,000 median, 34% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Wallacia carries both higher gross yield (3.59% vs 2.36%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
- For families
- Mulgoa edges out on average school ICSEA (1007 vs 1005). Mulgoa also has a higher family-household share (86% vs 75%), so the catchment community skews family-heavy.
Mulgoa vs Wallacia: common questions
Is Mulgoa or Wallacia cheaper to buy in?
Wallacia has the lower median house price at $1,150,000, roughly 34% below Mulgoa ($1,750,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Mulgoa or Wallacia?
Over the past 12 months, Wallacia grew +22.3% vs +5.9% in Mulgoa, a gap of 16.4 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Mulgoa or Wallacia have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Mulgoa scores 1007 vs 1005 in Wallacia. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Mulgoa or Wallacia?
Gross rental yield on houses is 3.59% in Wallacia vs 2.36% in Mulgoa. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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