At number 2990th in the list of Australian suburbs ordered by increase in median house value over the last year, Tolland, 2650 is in the BOTTOM 30% with a property value increase of -3.99% recorded in median house prices.
Across a shorter period, Tolland, 2650 has seen a median price increase of -1.85% over the last quarter.
Our latest figures would indicate that property sellers in Tolland are currently offering property investors an average price cut of -8.07% below the asking price at the moment.
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Riverina suburb offers high yields
Median house price: $275,000
Three-year growth: 17.9%
Rental yield: 5.5%
Nestled within Wagga Wagga City in the Riverina region, Tolland is a small but well-serviced suburb. House prices are very low, coming in at a median of only $275,000. In addition, yields are favourable for landlords at 5.5%.
While the suburb has maintained an upward trend for the five years to December 2018, prices slipped by 1.8% in the December 2018 quarter. With the shadow of Sydney’s downturn hanging over the state as a whole, this could herald a turning point for Tolland.
Tolland Shopping Centre contains an IGA supermarket and dining options. The suburb is also home to Mount Austin High School and the Tolland Football Club. The Wagga Wagga CBD is only about 10 minutes’ drive north, and commuters can take the bus from Bruce Street and Berembee Street to reach the city.