The size of Wallagoot is approximately 37.6 square kilometres. It has 2 parks covering nearly 6.7% of total area. The population of Wallagoot in 2011 was 470 people. By 2016 the population was 502 showing a population growth of 6.8% in the area during that time. The predominant age group in Wallagoot is 50-59 years. Households in Wallagoot are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Wallagoot work in a professional occupation. In 2011, 85.1% of the homes in Wallagoot were owner-occupied compared with 89.6% in 2016. Currently the median sales price of houses in the area is $830,000.