ABS 2021 Census · Updated 31 March 2026
Mount Wallace is a regional centre in Victoria, Australia, with a population of approximately 117, making it a boutique locality. Located approximately 67 km from the Melbourne CBD, Mount Wallace is a regional area in Victoria. The median household income is $83,200 AUD per year (ABS 2021 Census).
Household incomes in Mount Wallace sit in a comfortable mid-range for the Victoria market. Distance from major centres is a consideration, though regional markets can offer higher rental yields.
Map shows Mount Wallace, Victoria, Australia.
Official Australia Post postcode for Mount Wallace. A postcode may cover multiple suburbs.
Australia Post Postcode Finder →Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.
ABS Census Data →Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.
State Rental Authority →Annual median household income (before tax) for all households. Source: ABS 2021 Census.
ABS Census Data →Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.
Estimated 1 school within or near this suburb based on ABS 2021 data.
Find schools near Mount Wallace on My School →Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.
Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.
ABS Census Data →Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.
ABS Census Data →As a regional centre, Mount Wallace serves a wide catchment area. Regional property can offer higher rental yields than metro equivalents, though investors should assess local employment diversity and infrastructure plans. The median rent of $275/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,327/month. The median household income of $83,200/year reflects a solid demographic, supporting sustainable rental demand. 79% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.
A buy-and-hold approach in Mount Wallace could work well with careful property selection and a longer time horizon.
Achieving strong cash flow in Mount Wallace is challenging at current rent-to-price ratios.
The resale market in Mount Wallace may not support quick-turnaround renovation projects.
Run the numbers on a Mount Wallace property
Scenario comparison, cash flow analysis, tax modelling, and PDF export — all in one place.
Create free account →Mount Wallace faces a cautious growth outlook for 2026 — investors should focus on yield rather than short-term gains. The rental pipeline in Mount Wallace is thinner — flexible lease terms could help secure tenants faster. Sentiment is subdued, though improving local conditions could shift perceptions over time.
Mount Wallace is a regional area in Victoria with a population of 117. The median rent is $275/week and the median household income is $83,200/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.
Key demand drivers in Mount Wallace include regional employment hubs, lifestyle, and affordability. 79% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.
According to the ABS 2021 Census, Mount Wallace has a population of approximately 117. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.
Mount Wallace is approximately 67 km straight-line distance from the Melbourne CBD (calculated from ABS 2021 suburb centroid coordinates). Road travel times will vary; check current mapping services for up-to-date routes.