Wagga Wagga’s property market continues to demonstrate resilience and growth as we progress through 2025. Despite broader economic uncertainties, the city remains a focal point for buyers and investors seeking affordability, strong returns, and a balanced lifestyle.
Steady Growth in Property Values
In the first quarter of 2025, Wagga Wagga’s median house price rose by 5.0% year-on-year to $630,000, while units experienced a significant 10.4% increase, reaching $405,000. This upward trend is supported by a 17.0% increase in house sales and an 8.6% rise in unit sales, indicating robust demand across the market.
High Demand for Affordable Homes
Properties priced under $700,000 remain particularly attractive, especially to first-home buyers and investors. Suburbs like Boorooma and Gobbagombalin are experiencing continued development, offering modern housing options that appeal to a broad range of buyers. However, rising construction costs are prompting some buyers to consider established homes, which offer immediate occupancy without the uncertainties associated with new builds.
Tight Rental Market Favors Investors
The rental market in Wagga Wagga is notably tight, with vacancy rates at 1.1% as of March 2025, well below the Real Estate Institute of Australia’s healthy benchmark of 3.0%. This low vacancy rate indicates strong demand and quicker occupancy turnover. Rental yields are also impressive; two-bedroom houses have provided investors with a 5.3% annual rental growth, achieving a median rent of $400 per week.
Positive Outlook Supported by Infrastructure and Population Growth
Looking ahead, Wagga Wagga’s property market is poised for continued growth. Investments in infrastructure and community amenities, along with a steady influx of new residents and businesses, suggest a robust future for property values and market activity. The city’s strategic location, combined with its affordability and lifestyle offerings, positions it as a key regional hub in New South Wales.
Conclusion
Wagga Wagga’s property market in 2025 is characterized by steady growth, high demand, and strong rental returns. For buyers and investors seeking opportunities in regional New South Wales, Wagga Wagga offers a compelling mix of affordability, lifestyle, and long-term potential.
