Suburb Profile Report for Wagga Wagga NSW (2650)

Wagga Wagga House: Median price $441,000, Annual capital growth 3.71%, Number of sales 124, Weekly median advertised rent $350

Wagga Wagga Unit: Median price $265,000, Annual capital growth 1.92%, Number of sales 38, Weekly median advertised rent $270

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Property value increases in Wagga Wagga have tracked higher than the NSW average of -3.87% over the last 12 months.

Comparing Wagga Wagga,2650 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Wagga Wagga, 2650. Typically our figures indicate that -6.46% is being offered, which puts this NSW suburb at 1760th most discounted overall in Australia.

Property investors should expect to get $350 weekly from the median priced house in this suburb.

Property value increases in Wagga Wagga have tracked just higher than the NSW average of -3.67% over the last 12 months.

Wagga Wagga,2650 was ranked 171 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Wagga Wagga should be aiming for at least -5.60% off the asking price, which is the average vendor discount being achieved at the moment.

In the last year 38 properties changed hands in Wagga Wagga, which puts it as the 251th most active market in NSW when comparing the number of sales per suburb.

Wagga Wagga is 54th on a list of best yielding suburbs for rents in NSW with a 5.30% return

Information supplied by:




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Wagga Wagga, NSW

Median House Price: $412,250

Current Yield (houses): 4.4%

Average annual growth (houses): 3.1%

Median Unit Price: $250,000

Current Yield (units): 5.6%

Average annual growth (units): 1.5%

Those looking for a low-priced property in NSW should turn their attention to Wagga Wagga, which lies within a major regional centre in the Riverina region.

The city Wagga Wagga lies within is considered the largest inland city in NSW, and is a main transport, agriculture and military base in the country. Wagga Wagga is also a haven for shoppers – Wagga Wagga Marketplace and Sturt Mall are the two most popular shopping centres in the area, while Baylis Street and Fitzmaurice Street are lined with many retail shops including Big W and Target Country.

Charles Sturt University has a campus here, which draws a population of students in need of lodging. The headquarters of the Riverina Institute, which oversees a number of TAFE campuses, is located in Wagga Wagga as well, along with three TAFE campuses.

Nature is a massive part of the suburb’s appeal, and Wagga Wagga leans into it, with its sizeable Botanic Gardens and the Wiradjuri walking track that curves along the Murrumbidgee River.

The Wagga Wagga Art Gallery houses a vast collection of local glass art, and the Museum of the Riverina gives visitors a glimpse into this suburb’s cultured history.

Metrics i HOUSE UNIT
$441,000 $265,000
6.97% 6.00%
11.65% 0.00%
3.71% 1.92%
$350 $270
124 38
4.13% 5.30%
95.375 90.6666666666667

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in Wagga Wagga NSW
Demographics
Total population 6961
Median household income ($/weekly) 978
Median age of persons 35
Median housing loan repayment ($/monthly) 1517
Average household size 2
  • Census Count Percent(%)
    20-24 years 1001 14.4
    25-34 years 1171 16.8
    35-44 years 736 10.6
    45-54 years 814 11.7
    55-64 years 722 10.4
    Others 2518 36.2
    Age Group
    Census Count Percent(%)
    Not Married 2886 54.5
    Registered Married 1785 33.7
    Defacto Relationship 627 11.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 5694 87.0
    Indonesia 121 1.8
    Papua New Guinea 61 0.9
    United Kingdom 146 2.2
    Other 194 3.0
    Others 326 5.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 67 1.0
    Christianity 4967 77.2
    Hinduism 64 1.0
    Islam 89 1.4
    No Religion 1193 18.5
    Others 53 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 286 10.1
    $400-$599 331 11.7
    $600-$799 321 11.3
    $800-$999 291 10.2
    $1,500-$1,999 303 10.7
    Others 1309 46.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2377 41.3
    Not in the labour force 1936 33.7
    Employed, worked part-time 1019 17.7
    Unemployed, looking for work 220 3.8
    Employed, away from work 199 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 402 11.2
    Professionals 894 24.8
    Technicians & trades workers 558 15.5
    Community & personal service workers 428 11.9
    Clerical & administrative workers 408 11.3
    Others 908 25.2
    Occupation
    Census Count Percent(%)
    Pre-school 98 5.9
    Infants/Primary 349 21.1
    Secondary 235 14.2
    Technical or Further Educational Institution 266 16.1
    University or other Tertiary Institutions 673 40.7
    Others 32 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4202 66.4
    Flat, unit or apartment 1430 22.6
    Semi-detached, row or terrace house, townhouse 600 9.5
    House or flat attached to a shop, office 97 1.5
    Caravan, cabin, houseboat 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1467 48.5
    Fully owned 842 27.9
    Being purchased 661 21.9
    Other tenure type 53 1.8
    Tenure Type
Census 2011, ABS
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