Wagga Wagga Property Market Trends & Insights

Property Market Trends and Insights

The Wagga Wagga real estate market showed steady growth in the 2024/25 financial year. ​

• The volume of house sales increased by 22.5%.
• The median house price rose by 1.63% to $625,000.
• Unit sales decreased from 179 to 160, with a median price increase of 2.47% to $415,000. ​
• Wagga's population is stable at approximately 70,233, with a projected increase to 82,269 by 2046. ​

Economic Factors Influencing Real Estate

Economic conditions have positively impacted buyer confidence and market activity.

• Interest rates remained static throughout 2024, with two decreases of 0.25% in early 2025.
• The average household spends 21.39% of income on mortgages, lower than Sydney's 26.97%.
• The inflation rate decreased to 2.1% in June 2025, down from 3.8% in June 2024. ​

Residential Market Overview

The residential market in Wagga Wagga demonstrated significant activity and price stability. ​

• The total number of house sales reached 1,307, up from 1,067 the previous year. ​
• Lifestyle homes on larger blocks saw the highest median prices, with Oberne Creek reaching $3,125,899. ​
• The most active price bracket for houses was $600,001 - $700,000, accounting for 21% of sales. ​

Rental Market Dynamics

The rental market remains strong with low vacancy rates and increasing rents. ​

• The median rent for houses rose to $500 (6.38% increase) and for units to $373 (6.57% increase). ​
• The average vacancy rate in the Riverina was 0.60%, with Fitzpatricks at 0.40%. ​
• A vacancy rate below 3.0% indicates strong demand for rental properties. ​

Commercial and Industrial Market Performance

The commercial and industrial sectors in Wagga Wagga showed stability and growth. ​

• There were 65 commercial sales valued at approximately $104 million. ​
• Industrial sales comprised over 54% of total sales, with notable transactions including the Thirsty Crow Brewery. ​
• Retail and office vacancies remain consistent, with a higher occupancy rate than pre-COVID levels. ​

Land Sales and Development Trends

Land sales in Wagga Wagga increased significantly, reflecting ongoing demand for residential development. ​

• A total of 158 residential blocks were sold, a 38.6% increase from the previous year.
• The median land price reached $315,000, up 6.78%. ​
• Gobbagombalin and Lake Albert were among the most popular suburbs for land sales. ​

Fitzpatricks Sales Results Overview

Fitzpatricks Real Estate reported strong sales results for the 2024/25 financial year.

• Total residential sales included 199 houses, 41 units, and 18 land sales.
• The highest house sale reached over $3 million, setting a new record for Wagga Wagga. ​
• The median house price increased by 1.36%, while the median unit price rose by 0.36%.

This information was sourced from this year's Fitzpatricks Report.

For the past 25 years, Fitzpatricks has produced the annual Fitzpatricks Report, designed to provide the most up-to-date insights into the Wagga Wagga real estate market. This comprehensive resource helps you identify areas with strong potential for property growth.

The data featured in the report is sourced from trusted industry leaders, including the Reserve Bank of Australia, Residex, the Real Estate Institute of NSW, the Real Estate Institute of Australia, RP Data, and many more.

Download the full report below.

Download The 25th Edition of the Fitzpatricks Report

The past reports can be found here fitzpatricks.au/fitzreport