Wagga Wagga’s property market has demonstrated resilience and growth in the first quarter of 2025. The median house price reached $630,000, marking a 5.0% increase from the previous year, while units saw a 10.4% rise to $405,000. This growth is accompanied by a 17.0% increase in house sales and an 8.6% rise in unit sales, indicating strong demand.

However, the market faces challenges. The 2024 Wagga Land Monitor Report highlights a 43.4% decrease in lot production, despite a projected need for 222 new homes annually. This shortfall contributes to affordability issues, with the 2025 State of the Housing System report noting that only 14% of new homes are affordable for median-income earners.

To address these issues, significant initiatives are underway:

• Tolland Estate Renewal: A project to deliver nearly 500 new homes, 40% of which will be social and affordable housing.

• Infrastructure Investment: A $70.8 million joint investment by the NSW Government and Wagga Wagga City Council aims to fast-track infrastructure supporting the delivery of new homes.

These efforts aim to balance growth with affordability, ensuring Wagga Wagga remains a vibrant and accessible community.