Corangamite Shire Council
Wallace
Wallace at a glance
Median house
$352,000
Median unit
$253,440
Walk score
0
Very car dependent
Population
227
Median age 42
About
Welcome to Wallace.
Wallace is a suburb in Victoria.
Market
The price of a home here.
Median house price
$352,000
+0.0% over the past year. Median unit price $253,440.
Rental and ownership
Weekly rent (house)
$322/wk
Weekly rent (unit)
$250/wk
Owner occupied
83%
Renter occupied
16%
At a deeper level
$352,000
$253,440
227
Median age: 42
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Investment overview.
Gross Yield (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)4.76%
Based on $352,000 median
Gross Yield (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)5.13%
Based on $253,440 median
Annual Growth (House)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Annual Growth (Unit)
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202683%
Higher = more owner-occupier demand
Days on Market
Source: RTBA, Residential Tenancies Bond Authority (VIC)–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Who lives here
Demographics.
Population
227
Median age
42
Family households
68%
Lone person
24%
Demographics data as of May 2026· ABS 2021 Census
Safety
Crime and safety.
14
total offences in 2025
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of December 2025· State Police Open Data
Getting around
Walkability.
0
0
0
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Education
Schools in Wallace.
Local schools for Wallace
View the catchment for each school to find out more.
Government School Catchment
Bungaree Primary School
Gordon Primary School
Mount Egerton Primary School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
612 mm
Hottest Month (avg max)
23.2°C
Coldest Month (avg min)
7.3°C
Monthly Rainfall (mm)
Weather data from BOM station Ballarat Aerodrome (13 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Wallace.
- What is the median house price in Wallace?
- The median house price in Wallace, VIC 3352 is $352,000. The median unit price is $253,440. Annual growth is +0.0%.
- What is the Wallace postcode?
- Wallace is in the 3352 postcode, in VIC, in the Corangamite Shire Council region.
- What is the average rent in Wallace?
- The median weekly rent for houses is $322, for units it's $250.
- What schools are in Wallace?
- There are 5 schools serving Wallace on this page, including St Patrick's School, Bungaree Primary School, Gordon Primary School.
- How walkable is Wallace?
- Wallace has a Walk Score of 0 out of 100, highly car-dependent. transit score 0, bike score 0.
- What suburbs are near Wallace?
- Wallace is close to Springbank, Claretown, Bungaree, Bolwarrah, Gordon.
- What is the population of Wallace?
- Wallace has approximately 227 residents. The median age is 42.
Wallace
Guides
Side by side
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See median prices, growth, schools, walkability and risk side by side in one view.
Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
Always dated
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