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:
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.