With a capital gain of 16.13% for the last 12 months, Wagga Wagga, 2650 has performed for property investments than its average annual 4.22% property growth over the last 5 years.
Wagga Wagga,2650 has offered an average of 16.13% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Wagga Wagga is giving property investors an average Vendor Discount of around -5.81%. This puts suburb at number 551th in NSW when ranking the most discounted suburbs.
At number 2305 in a list of fastest selling suburbs, Wagga Wagga is in the bottom 40% of suburbs in Australia with an average of days on market 86.4789 for properties listed there.
The NSW suburb of Wagga Wagga, 2650 is in the Wagga Wagga (C) local government area.
Giving property investors a a stable capital gain of 7.55% for the last year, Wagga Wagga, 2650 is the 355th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Wagga Wagga,2650 has racked up an average of 7.55% over the period. This ranks it number 423th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Wagga Wagga are currently offering property investors an average price cut of -5.64% below the asking price at the moment.
Advertised rents are around the $277.5 mark per week – giving a return of 5.06% based on the median price in Suburb
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.