water charges rise in wagga

18/07/2012

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26/07/2012

10 facts about Wagga Wagga’s residential housing market

19/07/2012
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  1. Median house price for Wagga Wagga remains unchanged at $305,000.

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  2. Median unit prices in Wagga Wagga have experienced an 8.38% growth, with the median price being $252,000.
  3. 120 residential blocks sold in Wagga Wagga for 2011/12 financial year. The number of sales is down 4.2% on the previous financial year.
  4. Residential land prices have reduced by 10.5% with the median land price being $123,000.
  5. Across Australia, the average hold period for a property between sales is currently 9 years for house, and 7.7 years for a unit.
  6. Wagga Wagga’s population is expected to experience an increase of over 15,864 residents between 2012 and 2031, at an average annual growth rate of 1.18% per annum.
  7. Central Wagga Wagga with 7,721 residents, Kooringal with 7,681 residents and Lake Albert with 6,131 residents, support the greatest populations within the Wagga Wagga region.
  8. The average mortgage repayment in Wagga Wagga equates to 31% of the average household income, compared to an average of 47.9% across New South Wales.
  9. From July 2000 – 31st May 2012 Wagga Wagga ranked 11th in the state for first home buyers taking advantage of the various grants available, totalling $67,710,353.
  10. January 2012 was the most popular month for first home buyers to take advantage of the grants with 44 grants paid.

    11. Due to be released in September, The Fitzpatricks Report, will go into further detail about the local residential property market, and also touch on state and national figures. To sign up to receive your free copy of the Fitzpatricks Report as soon as it’s released email us.

    Fitzpatricks Real Estate believes the information contained within this article is accurate and reliable. However, no warranty of accuracy is given and no responsibility is accepted by Fitzpatricks Real Estate.

     

Established in 1950 by the late Geoff Fitzpatrick. We strive for excellence in our field, we aim to provide the best real estate service to the people of Wagga Wagga, embracing the highest standards of expertise, professionalism and integrity.