Wagga Wagga City CouncilEconomic profile
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Wagga Wagga City

Housing valuation

At June 2017, Wagga Wagga City had a median house valuation of $347,728, $104,573 lower than the median house valuation for Regional NSW.

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 2013-2017, Housing Valuation System

Housing values
Wagga Wagga City20172013Change
Housing value (at June)Wagga Wagga CityRegional NSWWagga Wagga City relative to Regional NSWWagga Wagga CityRegional NSWWagga Wagga City relative to Regional NSW2013 to 2017
House--------------
First Quartile$272,000$307,281-11.5%$244,410$260,225-6.1%+$27,590
Median$347,728$452,301-23.1%$301,182$351,644-14.4%+$46,546
Third Quartile$460,034$629,231-26.9%$392,716$462,975-15.2%+$67,318
Unit--------------
First Quartile$200,270$270,880-26.1%$177,463$219,306-19.1%+$22,807
Median$249,171$365,414-31.8%$232,934$275,224-15.4%+$16,237
Third Quartile$284,323$481,353-40.9%$264,677$347,970-23.9%+$19,646

Source: Hometrack 2011-2016, Housing Valuation System.

Housing values, 2017
Housing values, 2017 Third Quartile, Regional NSW: $481,353 Median, Regional NSW: $365,414 First Quartile, Regional NSW: $270,880 Third Quartile, Regional NSW: $629,231 Median, Regional NSW: $452,301 First Quartile, Regional NSW: $307,281 Third Quartile, Wagga Wagga City: $284,323 Median, Wagga Wagga City: $249,171 First Quartile, Wagga Wagga City: $200,270 Third Quartile, Wagga Wagga City: $460,034 Median, Wagga Wagga City: $347,728 First Quartile, Wagga Wagga City: $272,000
Source: Hometrack 2011-2016, Housing Valuation System
Change in housing values, 2013 to 2017
Change in housing values, 2013 to 2017 Third Quartile, Regional NSW: $133,383 Median, Regional NSW: $90,190 First Quartile, Regional NSW: $51,574 Third Quartile, Regional NSW: $166,256 Median, Regional NSW: $100,657 First Quartile, Regional NSW: $47,056 Third Quartile, Wagga Wagga City: $19,646 Median, Wagga Wagga City: $16,237 First Quartile, Wagga Wagga City: $22,807 Third Quartile, Wagga Wagga City: $67,318 Median, Wagga Wagga City: $46,546 First Quartile, Wagga Wagga City: $27,590
Source: Hometrack 2011-2016, Housing Valuation System

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