Note: This post reflects data from the Fitzpatricks Report published in October 2023. For comparison, PRD’s Wagga Wagga Market Update puts the Q1 2026 median house price at $705,000 and the rental vacancy rate at 1.0% (PRD, 1st half 2026), and the cash rate is now 4.60%. Treat the figures below as 2023 history.
The October 2023 Fitzpatricks Report provides encouraging insights for both buyers and sellers considering entering Wagga Wagga’s property market.
The report reveals Wagga’s housing market has continued strengthening despite wider economic uncertainties, with the median house price up 11.2% to $555,000. Units also saw a 10.3% bump to $361,000. This steady growth comes as some bigger city markets grapple with slowing conditions.
Wagga’s affordable cost of living and population growth forecasts remain key drivers supporting future demand. The population is projected to expand to 77,540 residents by 2036. Ongoing housing needs to support this growth underpins market resilience.
For buyers, Wagga remains one of NSW’s most affordable regional hubs to enter the property ladder. First homebuyer stamp duty concessions coupled with reasonable median prices present opportunities for young families and owner-occupiers.
Sellers also have factors on their side. Moderate median growth allows properties to achieve improved returns over time without pricing out buyers. Over 1,100 houses still changed hands last financial year indicating an active market.
A tight rental vacancy rate around 0.6% bodes well for investors too. If you’re an investor, remember a lender will usually count only part of the expected rent when it assesses serviceability, so check how your lender treats rental income before relying on a headline yield.
In October 2023, Wagga looked like a steady market that hadn’t seen the slowdown emerging in the major centres. Whether that still holds is a question for current data, not this report. Check today’s figures, and your borrowing capacity at today’s rates, before you buy or sell, not after.
Written by Michael Wignall, who’s spent 30+ years in banking and home lending across the ACT, Illawarra, and Riverina regions of NSW.
For the wider picture, see The ACT–Illawarra–Riverina Corridor: Regional NSW Property & Lending.
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Written by Michael Wignall, Lending Area Manager with 30+ years in banking and home lending across the ACT, Illawarra, and Riverina. Got a question or an idea for a post? Get in touch.
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