Wagga Wagga City CouncilEconomic profile
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Wagga Wagga City

Housing valuation

At June 2018, Wagga Wagga City had a median house valuation of $362,750, $377,694 lower than the median house valuation for New South Wales.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Housing Valuation System

Housing values
Wagga Wagga City20182014Change
Housing value (at June)Wagga Wagga CityNew South WalesWagga Wagga City relative to New South WalesWagga Wagga CityNew South WalesWagga Wagga City relative to New South Wales2014 to 2018
House--------------
First Quartile$280,429$498,085-43.7%$257,513$361,802-28.8%+$22,916
Median$362,750$740,444-51.0%$319,093$508,933-37.3%+$43,657
Third Quartile$467,699$1,171,986-60.1%$414,133$799,290-48.2%+$53,566
Unit--------------
First Quartile$203,344$485,261-58.1%$181,731$343,269-47.1%+$21,613
Median$245,210$676,368-63.7%$242,082$496,521-51.2%+$3,128
Third Quartile$279,879$890,202-68.6%$277,100$659,154-58.0%+$2,779

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, New South Wales: $890,202 Median, New South Wales: $676,368 First Quartile, New South Wales: $485,261 Third Quartile, New South Wales: $1,171,986 Median, New South Wales: $740,444 First Quartile, New South Wales: $498,085 Third Quartile, Wagga Wagga City: $279,879 Median, Wagga Wagga City: $245,210 First Quartile, Wagga Wagga City: $203,344 Third Quartile, Wagga Wagga City: $467,699 Median, Wagga Wagga City: $362,750 First Quartile, Wagga Wagga City: $280,429
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, New South Wales: $231,048 Median, New South Wales: $179,847 First Quartile, New South Wales: $141,992 Third Quartile, New South Wales: $372,696 Median, New South Wales: $231,511 First Quartile, New South Wales: $136,283 Third Quartile, Wagga Wagga City: $2,779 Median, Wagga Wagga City: $3,128 First Quartile, Wagga Wagga City: $21,613 Third Quartile, Wagga Wagga City: $53,566 Median, Wagga Wagga City: $43,657 First Quartile, Wagga Wagga City: $22,916
Source: Hometrack 2014-2018, Housing Valuation System

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