The size of Wallacetown is approximately 8.7 square kilometres. The population of Wallacetown in 2006 was 470 people. By 2011 the population was 418 showing a population decline of 11.1% in the area during that time. The predominant age group in Wallacetown is 0-9 years. Households in Wallacetown are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Wallacetown work in a managers occupation. In 2006, 72% of the homes in Wallacetown were owner-occupied compared with 79.5% in 2011..
Wallacetown has 3 properties. Over the last 5 years, Houses in Wallacetown have seen a 38.75% increase in median value. As at 30 September 2024:
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