Wagga Wagga is a mid-sized suburb in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 7,198, the suburb has an established demographic with a median age of 38. Households earn a median income of $70K per year, with an average household size of 1.9 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Wagga Wagga is $745,000, having dipped slightly 2% over the past year. Units have a median price of $500,000 (+8.8% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,517.
Wagga Wagga is served by 23 schools, including 12 primary, 3 secondary, 5 combined, 3 special. The average ICSEA score is 973, which is around the national average of 1,000. Public transport access includes 1 rail station, 51 bus stops. Healthcare facilities include 1 public and 3 private hospitals. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Wagga Wagga offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($745K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved -2.0% year-on-year.
Wagga Wagga is a mid-sized suburb in New South Wales within the Wagga Wagga local government area (postcode 2650). With a population of 7,198, the suburb has an established demographic with a median age of 38. Households earn a median income of $70K per year, with an average household size of 1.9 people. The most common occupations are professionals, technicians & trades, managers. The top ancestries reported are English, Australian, Irish.
The median house price in Wagga Wagga is $745,000, having dipped slightly 2% over the past year. Units have a median price of $500,000 (+8.8% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 3.9%. The median monthly mortgage repayment is $1,517.
Wagga Wagga is served by 23 schools, including 12 primary, 3 secondary, 5 combined, 3 special. The average ICSEA score is 973, which is around the national average of 1,000. Public transport access includes 1 rail station, 51 bus stops. Healthcare facilities include 1 public and 3 private hospitals. The crime rate in the Wagga Wagga LGA is moderate at 5,356 incidents per 100,000 population.
From an investment perspective, Wagga Wagga offers a gross rental yield of 3.9%, rated as moderate yield. Property prices sit below the state median ($745K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 10.6x is considered stretched. House prices have moved -2.0% year-on-year.