Wagga Wagga Market Update 1 st H a l f 2 0 2 6
FUTURE DEVELOPMENTS
OVERVIEW
In Q1 2026, Wagga Wagga* had a median house price of $705,000, and a median unit price of $447,500. This is an annual (Q1 2025 – Q1 2026) price growth of 11.9% for houses and by 15.7% for units. Between Q1 2025 – Q1 2026 house sales decreased, by -16.7% (to 315 for houses in Q1 2026) but unit sales have increased, by 73.9% (to 40 sales in Q1 2026). Houses and units are in high demand, creating a buffer against higher interest rates in early 2026. This has led to strong consistent price growth, particularly for houses, which is currently undersupplied. Thus, now remains an ideal time for owners to capitalise on their investment.
CHANGE FROM LAST
YEAR
Wagga Wagga will see approximately $376.6M of new developments due to commence construction in 2026.
Residential Commercial $34.4M $64.4M
HALF YEAR
Mixed-Use Projects $42.2M
HOUSE SALE S HOUSE ME DIAN PRICE
$226.7M
HOUSE RE NTAL PRICE
UNIT SALE S
There are quite a few residential and mixed-use projects bringing new stock to Wagga Wagga; including:
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
$ MARKET CONDITIONS MEDIAN PRICE Q1 2026
$705K
MEDIAN PRICE Q1 2026
$550
SALES
$448K
AVERAGE DAYS ON MARKET Q1 2026
57
71
HOUSE
U N I T
RENTALS
$420
Infrastructure
•
Tolland Renewal Project (500 Dwellings/270 Residential Lots)
•
LAHC 34-40 South Parade – Duke of Kent Housing (17 Units)
•
142 Fitzmaurice Street Apartments & Commercial (19 Apartments)
•
119 Elizabeth Avenue Residential Subdivision Stages 1-4 (195 land lots)
The incoming supply of ready-to-go stock will aid in answering the high demand in the Wagga Wagga* market. That said, construction challenges can create delays, thus most of the projects in the pipeline serves more as a longterm solution. In the short-term, prices are expected to continue to increase.
AVERAGE DAYS ON MARKET Q1 2026
20
16
HOUSE
U N I T
51 Units/ Apartments
539 Dwellings
852 Lots