Wallace, a charming small town located in the picturesque Victorian countryside, offers a unique rural lifestyle combined with a close-knit community atmosphere. With its natural beauty, historical significance, and proximity to larger towns like Ballarat and Bacchus Marsh, Wallace serves as an ideal location for families, retirees, and anyone seeking a peaceful environment away from the hustle and bustle of city living. This article will explore the best residential areas in Wallace, highlighting their characteristics, housing options, and average prices.
Table of Contents
Wallace Village
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Wallace Village is the heart of the community, where you will find a blend of historical charm and modern amenities. With friendly neighbours and local shops, it is perfect for those who appreciate a lively community atmosphere.
Characteristics of the Wallace Village
* Culture: Rich historical backdrop with local festivals and events
* Transportation: Well-connected by road, limited public transport
* Services: Local grocery store, cafés, and community hall
* Environment: Friendly and community-oriented
Housing Options in the Wallace Village
Victorian-style cottages, Townhouses
Average Home Prices in the Wallace Village
* Buying: $550,000 – $700,000
* Renting: $1,200 – $1,500/month
Wallace Hill
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Located on the outskirts of Wallace, Wallace Hill offers stunning views of the surrounding landscape. This suburb is ideal for those seeking space and tranquillity while still being close to the village amenities.
Characteristics of the Wallace Hill
* Culture: Community events with an emphasis on outdoor living
* Transportation: Car is essential, limited public transport options
* Services: Basic amenities, including a local primary school
* Environment: Serene and spacious
Housing Options in the Wallace Hill
Acreage homes, Larger family homes
Average Home Prices in the Wallace Hill
* Buying: $600,000 – $850,000
* Renting: $1,300 – $1,800/month
Lerderderg State Park Area
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For nature lovers, the area bordering Lerderderg State Park provides a unique living experience surrounded by beautiful landscapes and outdoor activities. It’s perfect for those interested in hiking, camping, and wildlife watching.
Characteristics of the Lerderderg State Park Area
* Culture: Outdoor lifestyle with a focus on adventure and exploration
* Transportation: Car required, secluded location
* Services: Limited, mainly recreational facilities
* Environment: Natural and adventurous
Housing Options in the Lerderderg State Park Area
Eco-friendly homes, Cabins
Average Home Prices in the Lerderderg State Park Area
* Buying: $500,000 – $750,000
* Renting: $1,100 – $1,400/month
Maroondah Reservoir Area
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The Maroondah Reservoir Area is known for its picturesque views and recreational activities. It is an ideal spot for families, offering local parks and access to scenic walking trails.
Characteristics of the Maroondah Reservoir Area
* Culture: Family-friendly with community-focused events
* Transportation: Fairly good access by road, limited public transport
* Services: Local parks, playgrounds, and sporting facilities
* Environment: Active and family-oriented
Housing Options in the Maroondah Reservoir Area
Family homes, Townhouses
Average Home Prices in the Maroondah Reservoir Area
* Buying: $580,000 – $800,000
* Renting: $1,250 – $1,600/month
Rural Wallace
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Rural Wallace offers a truly tranquil lifestyle with plenty of open space. It's excellent for those who enjoy a more laid-back lifestyle away from the busyness of urban centres.
Characteristics of the Rural Wallace
* Culture: Agricultural community with a focus on sustainability
* Transportation: Car essential, very limited public transport
* Services: Basic amenities, self-sufficient living
* Environment: Peaceful and rural
Housing Options in the Rural Wallace
Acreage properties, Farmhouses
Average Home Prices in the Rural Wallace
* Buying: $700,000 – $900,000
* Renting: $1,500 – $2,000/month
Waterford Rise
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Waterford Rise is a modern subdivision located a short drive from Wallace. This area is ideal for young families and professionals looking for contemporary properties with a range of amenities nearby.
Characteristics of the Waterford Rise
* Culture: Modern living with planned community activities
* Transportation: Good road connections, public transport to nearby towns
* Services: Schools, shops, and parks within the area
* Environment: Modern and family-friendly
Housing Options in the Waterford Rise
New homes, Townhouses
Average Home Prices in the Waterford Rise
* Buying: $550,000 – $750,000
* Renting: $1,200 – $1,500/month
Frequently Asked Questions About the Best Residential Areas in Wallace:
The best residential areas in Wallace include Wallace Village, Wallace Hill, Lerderderg State Park Area, Maroondah Reservoir Area, Rural Wallace, and Waterford Rise.
Rural Wallace is the most tranquil area, offering vast open spaces and a peaceful rural lifestyle.
Waterford Rise has a range of new housing options available, ideal for families and professionals.
Wallace Village is the most centrally located area and provides easy access to local amenities.
The Lerderderg State Park Area tends to offer more affordable housing options.
Waterford Rise is highly recommended for families due to its proximity to schools and parks.
Maroondah Reservoir Area and Lerderderg State Park offer excellent recreational opportunities for outdoor enthusiasts.
Wallace Village has the highest concentration of services, shops, and community facilities.
Wallace Hill is considered one of the most exclusive areas due to its stunning views and spacious properties.
Wallace Village has the best access to public transport options, although options may be limited compared to larger towns.
Conclusion on the Best Residential Areas in Wallace:
Wallace, Victoria, offers a variety of residential options suitable for different lifestyles, whether you're after a vibrant village atmosphere, tranquil rural living, or modern suburban conveniences. From the historical charm of Wallace Village to the peaceful expanses of Rural Wallace and the family-friendly community in Waterford Rise, there is something for everyone. While living here provides close-knit community vibes, the access to nearby urban amenities makes it a compelling choice for buyers and renters alike. Considering your lifestyle preferences will guide you to the right suburb in this picturesque part of Victoria.
About the Author
Published by:Eribert De Oliveira
Mechatronics Engineer and founder of Mi Inmueble Online, with a background in real estate. I combine technology and analysis to help you find the best areas to live.