Located in New South Wales within the Wagga Wagga local government area, North Wagga Wagga is a small locality (postcode 2650). With a population of 679, the suburb has an established demographic with a median age of 44. Households earn a median income of $78K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.0% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, labourers, professionals. Employment in the area leans toward construction and healthcare. The top ancestries reported are Australian, English, Irish.
The median house price in North Wagga Wagga is $450,000, having risen steeply by 47.5% over the past year. The current median weekly rent is $540. This gives a gross rental yield of approximately 6.2%. The median monthly mortgage repayment is $1,335.
Public transport access includes 11 bus stops. The crime rate in the Wagga Wagga LGA is moderate at 5,374 incidents per 100,000 population.
From an investment perspective, The gross rental yield works out to roughly 6.2%, which reads as high yield. Property prices sit below the state median ($450K/$1.5M), which can point to relative value. The price-to-income ratio of 5.8x is considered affordable. House prices have moved +47.5% year-on-year. Population growth of +0.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.