Mullion vs Wallaroo.
Comparing two suburbs with median house prices of $1,500,000 and $4,300,000. Mullion edges out on more headline metrics in this comparison.
Mullion (median $1,500,000) is roughly 65% cheaper to buy into than Wallaroo ($4,300,000).
On school quality, the average ICSEA across schools serving Mullion (1056) sits above Wallaroo (1052).
For buyers
Mullion is the lower entry point at $1,500,000 median, 65% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Mullion offers the higher gross rental yield (1.21% vs 0.53%), favouring cash-flow investors.
For families
Mullion edges out on average school ICSEA (1056 vs 1052).
Common questions
Is Mullion or Wallaroo cheaper to buy in?
Mullion has the lower median house price at $1,500,000, roughly 65% below Wallaroo ($4,300,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Does Mullion or Wallaroo have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Mullion scores 1056 vs 1052 in Wallaroo. 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, Mullion or Wallaroo?
Gross rental yield on houses is 1.21% in Mullion vs 0.53% in Wallaroo. 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.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Mullion against another suburb