Free full calculator โ†’
Suburb Insights ยท VIC 3221

Wallington 3221, Victoria

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Wallington is a coastal suburb in Victoria, Australia, with a population of approximately 1,515, making it a boutique locality. Located approximately 61 km from the Melbourne CBD, Wallington is a coastal area in Victoria. The median household income is $125,320 AUD per year (ABS 2021 Census).

Investment Score

55 / 100 Moderate

Strong household incomes in Wallington underpin solid property demand. Seaside positioning attracts both owner-occupiers and holiday rental demand.

Location

Map shows Wallington, Victoria, Australia.

Key Indicators

Postcode
3221

Official Australia Post postcode for Wallington. A postcode may cover multiple suburbs.

Australia Post Postcode Finder โ†’
Population
1,515

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$325/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$125,320/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
61 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

Find schools near Wallington on My School โ†’
Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$2,205/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
91% houses

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 โ†’

Investment Insight

Coastal lifestyle is a strong draw for Wallington, supporting both long-term rental demand and holiday letting potential. Seaside suburbs in Victoria consistently attract interstate migration and lifestyle buyers. The median rent of $325/week (ABS 2021) indicates an affordable rental market. Owner-occupiers face a median mortgage repayment of $2,205/month. A median household income of $125,320/year supports premium property values and indicates a well-employed resident base. 91% of dwellings are separate houses, indicating a predominantly family-oriented, land-rich market.

Investment Strategy

โš ๏ธ
Buy & Hold

A buy-and-hold approach in Wallington could work well with careful property selection and a longer time horizon.

โš ๏ธ
Rental Yield

Expect competitive but not exceptional rental returns in Wallington's current market.

โŒ
Renovation / Flip

The resale market in Wallington may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Wallington property

Full Property Analysis

30-year projections for Wallington

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

Create free account โ†’
Or jump straight to a calculator: Loan Serviceability First Home Buyer Grants

2026 Outlook

Growth: Moderate Rental Demand: Moderate Investor Sentiment: Moderate

Growth in Wallington through 2026 will likely be steady rather than spectacular, tracking the wider market. The rental market in Wallington should see steady occupancy, with moderate upward pressure on rents. Investor sentiment is cautiously optimistic โ€” selective opportunities exist for well-researched buyers.

Frequently Asked Questions

Is Wallington a good suburb for investment?

Wallington is a coastal area in Victoria with a population of 1,515. The median rent is $325/week and the median household income is $125,320/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Wallington?

Key demand drivers in Wallington include lifestyle appeal and proximity to the coast. 91% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Wallington?

According to the ABS 2021 Census, Wallington has a population of approximately 1,515. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Wallington from the Melbourne CBD?

Wallington is approximately 61 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.

Explore Nearby Suburbs

Victoria Property Resources