2017 saw significant growth in the median sale price of houses in suburbs around Wagga, often fuelled by a drop in some suburbs’ sales volumes. Sales volumes for houses in Central Wagga dropped from 119 in 2014 to 96 in 2017.
Bourkelands saw the median sale price of houses increase by $37,750 over the three years from 2014, while Tatton median sale prices rose from $460,000 in 2014 to $545,000 in 2017.
Boorooma saw a decrease in the sales volume of houses from 2016, decreasing from 21 to 15, while seeing a median sale price increase of $36,500.
We have recently seen an increase of high quality renovated homes coming to the market.
“2018 is going to be the year of the renovator,” says Helen Woodhouse, Fitzpatrick Director and Sales Consultant. “With people purchasing in Wagga’s more established areas and renovating, more so than buying new”.
Fitzpatrick Sales Consultant, Paul Gooden, believes that “Metropolitan markets will slow down slightly, but regional centres tend to have different drivers and will continue to see growth in more desirable locations around the city”.
Only time will tell, but if history repeats we will continue to see steady growth regardless of what’s happening in our capital cities, Wagga’s median sale price will continue to rise over the next few years and the future is looking bright for those looking to sell their property.
*Statistics and information sourced from view.com.au