Wagga Wagga City CouncilEconomic profile
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Wagga Wagga City

Rental listings

At June 2016, Wagga Wagga City had a median house rental of $320, $40 lower than the median house rental for Regional NSW.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High and increasing rents are an indication of a strong economy and a desirable area, with access to jobs and services. Units are more commonly rented than houses, and renters tend to be younger than home owners on average. People may rent to be close to employment, entertainment and services, or they may rent while saving to buy a home.

Housing prices often factor in a home ownership premium, but rental costs are a more direct measure of the time-value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2011-2016, Automated Valuation System

Rental listings
Wagga Wagga City20162013Change
Housing value (at June)Wagga Wagga CityRegional NSWWagga Wagga City relative to Regional NSWWagga Wagga CityRegional NSWWagga Wagga City relative to Regional NSW2013 to 2016
House--------------
First Quartile$280$300-6.7%$275$290-5.2%+$5
Median$320$360-11.1%$320$350-8.6%0
Third Quartile$380$450-15.6%$365$425-14.1%+$15
Median Rental Yield5.8%5.1%--6.0%5.5%----
Unit--------------
First Quartile$195$240-18.8%$200$230-13.0%-$5
Median$240$300-20.0%$240$290-17.2%0
Third Quartile$290$380-23.7%$280$360-22.2%+$10
Median Rental Yield5.5%5.2%--6.0%5.7%----

Source: Hometrack 2011-2016, Automated Valuation System.

Rental listings, 2016
Rental listings, 2016 Third Quartile, Regional NSW: $380 Median, Regional NSW: $300 First Quartile, Regional NSW: $240 Third Quartile, Regional NSW: $450 Median, Regional NSW: $360 First Quartile, Regional NSW: $300 Third Quartile, Wagga Wagga City: $290 Median, Wagga Wagga City: $240 First Quartile, Wagga Wagga City: $195 Third Quartile, Wagga Wagga City: $380 Median, Wagga Wagga City: $320 First Quartile, Wagga Wagga City: $280
Source: Hometrack 2011-2016, Automated Valuation System
Change in rental listings, 2013 to 2016
Change in rental listings, 2013 to 2016 Third Quartile, Regional NSW: $20 Median, Regional NSW: $10 First Quartile, Regional NSW: $10 Third Quartile, Regional NSW: $25 Median, Regional NSW: $10 First Quartile, Regional NSW: $10 Third Quartile, Wagga Wagga City: $10 Median, Wagga Wagga City: $0 First Quartile, Wagga Wagga City: $-5 Third Quartile, Wagga Wagga City: $15 Median, Wagga Wagga City: $0 First Quartile, Wagga Wagga City: $5
Source: Hometrack 2011-2016, Automated Valuation System

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