NSW has seen average median house prices change by -4.21% which means that Tolland, 2650 has not done well for property investors by showing a capital gain of -6.14% over the last year
Comparing Tolland,2650 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Tolland 2650 should be seeing an average reduction in asking price of around -7.69% . This means that Tolland is holding prices well when compared to other suburbs in NSW.
Tolland, 2650’s gross rental yield is 5.44%
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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.