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Wagga Wagga, NSW 2650

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Wagga Wagga, NSW 2650 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Wagga Wagga, NSW 2650”

  1. The total adult population (15 years or older) of Wagga Wagga 2650 NSW is 6,317, with a median age of 38. Of those, 35.55% are married, 13.33% are divorced or separated, 43.30% are single and 7.77% are widowed.

    The average household size is 1.9 people per dwelling, and the median household monthly income is estimated to be $7,728. The median monthly mortgage repayment for households in this suburb is $1,517 which is 19.63% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of WAGGA WAGGA 2650, home to approximately 5995 households, reveals a mixed picture of the Australian property market based on its Q3 2023 data. Property prices for houses in WAGGA WAGGA 2650 typically sit at $828,737, while median weekly rent rolls up to $474. This scales out to a below minimal attractiveness indicative yield of 2.97%, somewhat less appealing to cashflow-focused property investors who usually zero in on markets with a minimum yield of 3%.

    Delving into some of the socio-economic factors, WAGGA WAGGA reports an IRSAD score of 979 out of 1217. This suggests a slightly above average socio-economic status for the area. However, the owner to renter ratio of 51%, largely exceeds the ideal benchmark. Here, a higher proportion of renters reduces the overall appeal and vibe of the neighbourhood which could be less enticing for potential buyers.

    At the same time, the suburb offers a relatively balanced units to houses ratio of 21%. With fewer units and more houses, WAGGA WAGGA is likely to attract more families, leading to longer tenancy periods which can help maintain higher rental yields. Coupled with the fact that this split also reduces competition amongst landlords, it can perhaps temper the effects of the high renter-to-owner ratio.

    In terms of housing affordability, the index hits 42 years, indicating a rather unfavourable market when it comes to home ownership. The numbers suggest greater difficulty for residents to fully own a property in this area, especially with the standard 30-year mortgage factored in.

    However, it’s not all bad news for potential buyers. The suburb’s inventory for houses—standing at 0.59 months—falls into the highly favourable range, reflecting a quick absorption rate for new listings in this property market. Furthermore, the stock on market percentage for houses at 0.1%, and building approvals ratio at 0.07%, place WAGGA WAGGA remarkably well in supply metrics, conveying a low supply that’s favourable for property investors.

    On the demand side, the 37 days on market (DoM)—although slightly above the preferable range—signifies a relatively quick turnover of properties up for sale. The vacancy rate, a combined figure for both houses and units, is at a neutral 1.75%, indicating a reasonable balance between demand and supply. However, the suburb’s buy search index for houses falls to 3, highlighting limited demand.

    In conclusion, even though WAGGA WAGGA 2650 has some metrics in less favourable ranges, the majority present a reasonably favourable picture. The area is certainly worth considering for investors open to a mix of advantages and challenges. It’s paramount, of course, to keep an eye on the trend of these metrics, too—a task made simpler with HtAG Analytics’ Relative Composite Score (RCS), which incorporates over 80 metrics for a more comprehensive property market analysis.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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