DemographicsWallacedale is approximately 53.87 square kilometres. In 2016 the population of Wallacedale was 113. The population is 52% male and 48% female. On average the monthly mortgage repayments in Wallacedale are $450 to $599. The most common weekly income bracket is $800 to $999 per week. Weekly rents in the area are on average $0 to $74.