The size of Wallaces Creek is approximately 12.1 square kilometres. The population of Wallaces Creek in 2016 was 58 people. By 2021 the population was 74 showing a population growth of 27.6% in the area during that time. The predominant age group in Wallaces Creek is 50-59 years. Households in Wallaces Creek are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wallaces Creek work in a trades occupation.In 2021, 113.10% of the homes in Wallaces Creek were owner-occupied compared with 86.30% in 2016.
Wallaces Creek has 49 properties. Over the last 5 years, Houses in Wallaces Creek have seen a 116.12% increase in median value. As at 31 October 2025:
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