All About Wallaga Lake, Bega Valley, NSW, 2546
Wallaga Lake, located in the Bega Valley of New South Wales, offers a unique and somewhat serene housing market appealing to those looking for tranquility away from bustling city life. The area is characterized by its natural beauty, with the lake itself being a central feature offering stunning views and a host of water-based activities. The housing market here is relatively modest compared to larger metropolitan areas, offering a range of options from charming, older-style homes to modern builds that harmonize with the landscape. As of recent years, the market has experienced steady interest, largely due to its affordability and appeal to those seeking either a holiday home or a permanent residence set in nature. However, like many regional areas, it is influenced by broader trends in the NSW property market, which can impact availability and pricing.
Living in Wallaga Lake is a wonderfully laid-back experience, marked by a strong sense of community and an abundance of natural attractions. Residents enjoy a lifestyle that many dream of, with easy access to beaches, national parks, and walking trails, making it ideal for outdoor enthusiasts. The community is small and welcoming, providing a peaceful environment that’s perfect for families or retirees looking to escape the hustle and bustle. Local amenities are sufficient for everyday needs, although more extensive services and shopping can be found in nearby towns such as Bermagui or Bega. Its picturesque setting not only offers recreational activities but also inspires a relaxed, nature-centric lifestyle, making living in Wallaga Lake both peaceful and rejuvenating.
Household Makeup
| Median Weekly Rent | $325.00 |
| Median Monthly Mortgage | $1170.00 |
| Median Persons Per bed houseroom | 0.70 |
| Average Household Size | 2.00 |
| Average Age | 62.00 |
| Average Income | $569.00 |
| Average Cars Per Dwelling | 1.61 |
| Average Properties Within 50M | 13 |
| Typical 1 bed house | $905,000 |
| Typical 2 bed house | $557,000 |
| Typical 3 bed house | $963,000 |
| Typical 4 bed house | $1,239,000 |
| Typical 5 bed house | $1,191,000 |
Housing Stock
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Wallaga Lake Real Estate Market Outlook
Thinking about buying in Wallaga Lake? Now could not be a better time, with 592 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $848,000 with prices in this suburb ranging from $32,000 to $3,123,000. Wallaga Lake is located very near to the coast so expect stunning views of the ocean and access to beaches. Demand is likely to be very strong in this location which will support higher prices
In Wallaga Lake there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Wallaga Lake is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Wallaga Lake leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Wallaga Lake the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
Instant Property ValuationLocal Schools
None within suburb boundary
(While the above schools are located with the suburb of Wallaga Lake there may also be nearby schools whose catchments cover this suburb)Local Crime Rate
Incidents Trend State Average
Wallaga Lake weather - Average Local Climate by month
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 1.9 | 17.0 | 22.6 | 64.5 | 90 | 8.1 | 21.9 |
| Feb | 2.6 | 17.0 | 22.5 | 65.8 | 90.9 | 7.5 | 18.4 |
| Mar | 2.8 | 15.8 | 21.6 | 61.1 | 89.2 | 7.5 | 15.7 |
| Apr | 2.2 | 14.0 | 20.2 | 58.5 | 88.6 | 6.6 | 12.8 |
| May | 2.5 | 11.3 | 17.4 | 57.4 | 88.8 | 7.0 | 9.6 |
| Jun | 3.3 | 9.7 | 15.5 | 59 | 88.9 | 6.7 | 7.7 |
| Jul | 1.7 | 8.8 | 15.0 | 54.2 | 87.6 | 6.5 | 8.5 |
| Aug | 2.1 | 8.9 | 15.7 | 50.9 | 87.6 | 7 | 11 |
| Sept | 2.1 | 10.5 | 17.1 | 56.1 | 89.3 | 8 | 14.9 |
| Oct | 2.4 | 11.4 | 17.9 | 56.5 | 89.2 | 8.1 | 19.3 |
| Nov | 2.2 | 13.8 | 19.7 | 60.8 | 89.3 | 8.3 | 23.3 |
| Dec | 2.0 | 15.1 | 21.0 | 61.0 | 88.4 | 8.4 | 25.1 |
source: Australian Government Bureau of Meteorology
General Points of Interest
Bermagui Country Club - Less than 10 KM
Blue Pool - Less than 10 KM
Bermagui Sports Stadium - Less than 10 KM
Nearby Suburbs
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