Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
VIC › Wallan › Wallara Waters Blvd
$627,500
Last sold
26 Aug 2026
4
Bedrooms
2
Bathrooms
2
Car spaces
554 m²
Land
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Last sold
$627,500
26 Aug 2026 · derived via latest_sale
Local land rate: recorded House sales in Wallan (last 5 years) with land size have a median of $1,250/m² of land (n=65). Districts calculation from recorded sales — not a valuation.
Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
Vs Wallan
+2.0%
Median sale
Suburb $615,000
-0.09 pp
Gross yield
Suburb 4.40%
Suburb median $615,000 from 74 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $520/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Yield cannot be shown without both a price and a rent figure. Net yield is not estimated from gross advertising copy. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Wallan at a glance
17,240
People
$615,000
Median sale
$520/wk
Median rent
4.40%
Suburb gross yield
Median sale from 74 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by B.Home Real EstateFrom the moment you arrive at 197 Wallara Waters Boulevard, Wallan, you'll feel like you've found a place where life simply fits. Set on a generous 554sqm (approx.) allotment within the highly regarded Wallara Waters Estate, this beautifully presented four-bedroom home (main with WIR and ensuite) has been designed for growing families who love to entertain, relax and make lasting memories.
Picture long summer evenings spent with friends gathered under the expansive alfresco, the aroma of the barbecue filling the air while the kids run freely across the spacious backyard. As the seasons change, the outdoor fireplace transforms the space into a warm and inviting retreat, perfect for winter get-togethers, birthday celebrations or simply unwinding with a glass of wine beside the fire. This is an outdoor area that truly becomes an extension of the home.
Inside, the light-filled open plan living and dining zone connects effortlessly with the outdoor entertaining area, creating a seamless flow that encourages family connection and easy everyday living. The well-appointed kitchen with stone benches and quality appliances sits at the heart of it all and also doubles as a breakfast bar, ensuring you're always part of the conversation whether entertaining guests or watching the children play outside.
The generous backyard offers more than just space to enjoy today—it provides exciting possibilities for tomorrow. With excellent potential for side access to securely accommodate a caravan, trailer or boat, while the tool shed offers another storage option. The double remote garage is also equally practical, featuring rear roller door access to the backyard for added convenience.
Comfort has also been thoughtfully considered with ducted heating and two split-system air conditioners ensuring the home is perfectly suited to every season.
Positioned within the sought-after Wallara Waters Estate, you'll enjoy a community designed around family living, with beautiful wetlands, walking and cycling trails, playgrounds, parklands and open green spaces creating an exceptional lifestyle.
Families will appreciate being close to quality schools, childcare, shopping, sporting facilities and medical services, while Wallan's town centre is only minutes away. Easy access to the Hume Freeway and the nearby Wallan V/Line Station makes commuting to Melbourne simple, with the CBD accessible in around an hour by train. The estate itself continues to grow with future retail and community facilities planned, adding even more convenience and long-term appeal.
Whether you're searching for the perfect family home where children can grow up, an entertainer's dream with incredible outdoor living, or a quality investment in one of Melbourne's fastest-growing communities, this beautiful property delivers on every level.
Homes that offer this combination of lifestyle, space, flexibility and location are always in demand. We encourage your immediate inspection—you'll be glad you made this decision for many years to come.
** This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies. Accordingly all interested parties should make their own enquiries to verify the information. **
Listing description written by Brooke Lal, B.Home Real Estate — reproduced as published, not verified by Districts.