Wagga Wagga’s property market has kicked off 2025 on a strong footing, defying broader economic uncertainty with growth across sales, prices, and rental returns.
In Q1 2025, the median house price rose by 5.0% to $630,000, while units outperformed, jumping 10.4% to $405,000. Sales volumes also surged — house sales rose 17.0%, while unit sales climbed 8.6%. This strong buyer demand, despite rising interest rates, highlights Wagga’s resilience and growing popularity.
A key factor driving price growth is a critical shortage of ready-to-sell stock. New developments such as 71 Jumbuck Drive (119 lots) and 119 Elizabeth Avenue (195 lots) are on the horizon, but much of the upcoming construction (like the massive Tolland Renewal Project with 500 homes) is still in early stages.
In short: buyers need to act fast in a market where competition is heating up.
Big Investment in Wagga Wagga’s Future
In 2025, Wagga Wagga will see approximately $515.7 million in new construction projects.
Highlights include:
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Tolland Renewal Project – 500 homes, community infrastructure, and green spaces.
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Commercial growth – projects like a new Coles Supermarket at Boorooma and multiple solar farms.
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Infrastructure upgrades – including new bridges and housing for seniors and First Nations communities.
This level of investment isn’t just building homes — it’s transforming the future livability of Wagga Wagga, creating lasting demand for housing.
A Hot Market for Investors
For investors, Wagga’s rental market offers strong returns:
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Median house rent climbed 4.0% year-on-year to $520 per week.
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Rental yields sit at 3.7%, outperforming Sydney Metro’s 2.7%.
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Vacancy rates are low at 1.1%, signalling tight rental supply and quick leasing times.
Two-bedroom homes were standout performers, achieving 5.3% rental growth year-on-year, making them an attractive entry point for investors seeking both capital growth and rental income.
Despite national trends showing higher vacancy rates, Wagga Wagga remains well below the national healthy benchmark of 3%, highlighting enduring demand from tenants.
Why Now is the Time to Move
With vendor discounts tightening (averaging just -3.6% for houses), and limited stock on the horizon, conditions still favour savvy buyers and investors who move early.
Whether you’re a first-home buyer, an investor looking to capitalise on high rental demand, or a family seeking a new lifestyle in a thriving regional city — Wagga Wagga offers opportunity at every level.
🏡 Thinking of buying, investing, or selling?
Get in touch with PRD Wagga Wagga — A personal approach to property.
