Wagga Wagga (postcode 2650) is a medium-sized suburb in New South Wales within the Wagga Wagga local government area. With a population of 7,198, the suburb has a settled mid-life population with a median age of 38. Households earn a median income of $70K per year, with an average household size of 1.9 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 professionals, technicians & trades, managers. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Wagga Wagga has a median house price of $102,000, holding roughly steady year-on-year. Units have a median price of $350,000 (-18.8% YoY). The current median weekly rent is $540. This gives a gross rental yield of approximately 27.5%. 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 5,374 incidents per 100,000 population.
On the investment side, Wagga Wagga shows a gross rental yield of approximately 27.5%, rated as high yield. Property prices sit below the state median ($102K/$1.5M), which can point to relative value. The price-to-income ratio of 1.4x is considered affordable. House prices have moved +0.0% 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.