Wagga Wagga is in the TOP 20% in NSW when comparing median price capital growth over the last year. Wagga Wagga gave property investors a very good capital gain figure when compared to the rest of the state, with 12.74%.
Over the longer term, Wagga Wagga has seen property prices show investors a 22.24% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Wagga Wagga 2650 should be seeing an average reduction in asking price of around -5.32% . This means that Wagga Wagga is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Wagga Wagga the average time real estate has been on the market is 86.2237 days.
The NSW suburb of Wagga Wagga, 2650 is in the Wagga Wagga (C) local government area.
Over the last year, property investments in Wagga Wagga, 2650 have given investors a capital gain of 11.33%. This compares very favourably with the 0.87% for NSW as a whole.
Wagga Wagga,2650 was ranked 692 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Wagga Wagga is offering property investors an average of -5.59. This rate of discount on properties puts Suburb at number 187th in terms of most discounted suburbs in NSW
At number 1019 in a list of fastest selling suburbs, Wagga Wagga is in the bottom 30% of suburbs in Australia with an average of days on market 94.1667 for properties listed there.
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.