Wagga Wagga Property Market Update 2nd Half 2025
Wagga Wagga is a vibrant regional city in the Riverina region of New South Wales. It is located on the banks of the Murrumbidgee River and is an agricultural, transport, and military hub. Wagga Wagga offers a blend of country charm and modern conveniences.
Property Trends
In Q3 2025, Wagga Wagga recorded a median house price of $650,000, and a median unit price of $417,000. This is an annual (Q3 2024 – Q3 2025) median price growth of 6.9% for houses, and 6.2% for units.
Comparing Q3 2024 – Q3 2025, sales grew by 6.8% for houses (to 347 sales in Q3 2025) and by 2.6% for units (to 39 sales in Q3 2025). There is a high demand for houses and units in Wagga Wagga, spurred by three cash rate cuts in 2025 (to date).
Price growth suggests now is an ideal time for owners to capitalise on their investment; especially as infrastructure and commercial projects are dominating 2025 developments and not much new housing stock is planned.
Project Development
Wagga Wagga will see approximately $236.2M of new projects commencing in 2025. The largest project to commence is the Project Phoenix Inter-Site Link Cables ($75.0M).
Planned residential projects will add 45 units, 16 dwellings, and 211 lots. Compared to Q3 2025 sales (347 houses and 39 units), this will not be enough. Thus, an undersupply in Wagga Wagga is highly likely. This will spur further price growth for all stock types.
Rental Market & Growth
House rental yields in Wagga Wagga were 3.4% in September 2025, higher than Sydney Metro’s (2.7%) yield. This was paired with an 8.0% increase in median house rental price in the past 12 months to Q3 2025, at $540 per week.
At the same time, the number of houses rented grew by 20.4%, to 384 rentals in Q3 2025. Median unit rental prices and the number of units rented also increased during this time.
Overall, this suggests a highly demanded rental market, which benefits investors; even if median house and unit sales price (thus, entry price) have increased in the past 12 months to Q3 2025.
Vacancy Rates & Property Investment
Wagga Wagga recorded a vacancy rate of 0.9% in September 2025, lower than Wagga Wagga LGA’s 1.0% average, and Sydney Metro’s 1.3% average. Vacancy rates in Wagga Wagga have increased in the past 12 months, due to more investors entering the rental market.
That said, a 0.9% vacancy rate is significantly below the Real Estate Institution of Australia’s healthy benchmark of 3.0%, suggesting quicker occupancy of rental homes in Wagga Wagga. This creates a conducive environment for investment.
