This property is Off Market
With an average age of 40, households expect an average monthly mortgage payment of $1,300 or a weekly rent payment of $300. The average family earns a weekly income of $1,593 with a typical household size of 2.3 and a 97.2% employment rate.
In East Wagga Wagga there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in East Wagga Wagga is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. A mix of professions and above average income earners in East Wagga Wagga provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Lower than average population density constrains growth in East Wagga Wagga to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. Lower than average industry presence in East Wagga Wagga we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make East Wagga Wagga a better buying opportunity than it may have been in the past.
(Country of Birth not stated 8%)
Wagga Wagga - East a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
27 / 100
31 / 100
Industry
19 / 100
22 / 100
Population
15 / 100
19 / 100
House Prices
49 / 100
60 / 100
Jobs
32 / 100
29 / 100
Incidents Trend State Average
Kooringal High School
Kooringal, NSW, 2650 State 7-12
Sturt Public School
Wagga Wagga, NSW, 2650 State K-6
St Joseph's Primary School
Wagga Wagga, NSW, 2650 Independent K-6
South Wagga Public School
Wagga Wagga, NSW, 2650 State K-6
Willans Hill School
Wagga Wagga, NSW, 2650 State U
Wagga Wagga Christian College
Wagga Wagga, NSW, 2650 Independent K-12
Sacred Heart Primary School
Kooringal, NSW, 2650 Independent K-6
Wagga Wagga High School
Wagga Wagga, NSW, 2650 State 7-12
The Bidgee School
Wagga Wagga, NSW, 2650 State U
Kildare Catholic College
Wagga Wagga, NSW, 2650 Independent 7-12
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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