Wagga Wagga
Why Wagga Wagga?
Wagga Wagga is the Riverina region’s major regional city, with a diversified economy featuring agriculture, logistics, retail, military, education and healthcare. It serves a regional catchment of over 200,000 people and benefits from major projects like the Riverina Intermodal Freight & Logistics Hub and energy transmission upgrades. The city balances strong infrastructure, natural amenity and regional importance.
Investment Highlight
Median house price: A$630,000 in Q1 2025, rising from A$597,000 in Q1 2024
Median unit price: A$405,000 in Q1 2025, up from A$394,500 in Q1 2024
Rental yields: Gross yields of 3.7% to 3.8% for houses, 4.7% to 5.4% for units
Rental market: Weekly house rents around A$495–520, unit rents A$380–405; vacancy rates between 0.6% and 1.1%
Strong demand and infrastructure: Rising sales volumes (+17% for houses, +10% for units), 500-home Tolland Renewal Project, $515 million in new construction through 2025, plus major freight and transmission projects
Approximate Cost
Median house price: A$630,000
Median unit price: A$405,000
Gross rental yields: 3.7%–3.8% (houses), 4.7%–5.4% (units)
Median weekly rent: A$495–520 (houses), A$380–405 (units)
Vacancy rate: 0.6%–1.1%
Ideal For: Wagga Wagga is perfect for property investors seeking regional growth supported by infrastructure and a stable rental market. It also suits first-home buyers and upsizers after affordability in a well-serviced city, and developers exploring large renewal zones like Tolland. Industries tied to logistics, education, healthcare and agribusiness will find Wagga Wagga a strategic regional centre with future potential.
