Wagga Wagga Market Update 2 nd H a l f 2 0 2 5
FUTURE DEVELOPMENTS
OVERVIEW
In Q3 2025, Wagga Wagga* recorded a median house price of $650,000, and a median unit price of $417,000. This is an annual (Q3 2024 – Q3 2025) price growth of 6.9% for houses, and 6.2% for units. Comparing Q3 2024 – Q3 2025 sales grew, by 6.8% for houses (to 347 sales in Q3 2025) and by 2.6% for units (to 39 sales in Q3 2025). There is a high demand for houses and units in Wagga Wagga, spurred by three cash rate cuts in 2025 (to date). Price growth suggests now is an ideal time for owners to capitalise on their investment. Especially as infrastructure and commercial projects are dominating 2025 developments and not much housing stock planned.
CHANGE FROM LAST
YEAR
Wagga Wagga will see approximately $236.2M of new projects commencing construction in 2025. Residential $16.5M Mixed Use
HALF YEAR
$21.6M
Commercial $64.0M
HOUSE SALE S HOUSE ME DIAN PRICE
Infrastructure $125.0M
HOUSE RE NTAL PRICE
UNIT SALE S
A key project set to commence in 2025 is the Project Phoenix Riverina InterSite Link Cables ($75.0M). This Federal Government initiative will create jobs for local industries, thus economic growth. There are also new bridges, improving liveability for residents.
UNIT ME DIAN PRICE UNIT RE NTAL PRICE
There are multiple residential and mixed-use projects planned:
$
•
MARKET CONDITIONS
71 Jumbuck Drive Residential Subdivision Stages 1 – 3 (119 Lots)
•
SALES
142 Fitzmaurice Street Apartments & Commercial (19 Apartments)
•
40 Summons Way (5 Dwellings)
MEDIAN PRICE Q3 2025
$650K
$417K
MEDIAN PRICE Q3 2025
$540
AVERAGE DAYS ON MARKET Q3 2025
71
46
HOUSE
U N I T
RENTALS
$420
The incoming supply of ready-to-go housing and unit stock will assist, but it is not enough when compared to Q3 sales. Thus, property prices are likely to continue increasing in Wagga Wagga.
AVERAGE DAYS ON MARKET Q3 2025
20
18
HOUSE
U N I T
45 Units/ Apartments
16 Dwellings
211 Lots