Kooringal is a mid-sized suburb in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 7,404, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $73K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Kooringal is $649,000, having grown strongly 6.4% over the past year. Units have a median price of $348,000 (-14.9% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,324.
Kooringal is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 996, which is around the national average of 1,000. Public transport access includes 3 rail stations, 25 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Kooringal offers a gross rental yield of 4.5%, rated as moderate yield. Property prices sit below the state median ($649K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.9x is considered moderate. House prices have moved +6.4% year-on-year.
Kooringal is a mid-sized suburb in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 7,404, the suburb has a mix of young professionals and families with a median age of 35. Households earn a median income of $73K per year, with an average household size of 2.4 people. The most common occupations are professionals, technicians & trades, community & personal service. The top ancestries reported are English, Australian, Irish.
The median house price in Kooringal is $649,000, having grown strongly 6.4% over the past year. Units have a median price of $348,000 (-14.9% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,324.
Kooringal is served by 2 schools, including 1 primary, 1 secondary. The average ICSEA score is 996, which is around the national average of 1,000. Public transport access includes 3 rail stations, 25 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Kooringal offers a gross rental yield of 4.5%, rated as moderate yield. Property prices sit below the state median ($649K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 8.9x is considered moderate. House prices have moved +6.4% year-on-year.