If you’re thinking about investing in Wagga Real Estate, you’ll have to keep in mind that rental yields for homes are at 4.73%, with an average house rent of $509,000 and a median unit rent of $430 per week.
A little decline in price of houses over some time now has sort of “balanced” the Wagga Real Estate market, making it an ideal time for both the buyers and sellers to make a move. Prices are slowly gaining their true value in Wagga Real Estate with this decline in sale prices.
Ryan Smith of PRD Real Estate says “We have a broad market of buyers from $400,000 to $2 million, but between $400,000 – $650,000 is the sweet spot. For first time home buyers and investors, you get really great quality for that price.”
Why Should You Invest In Wagga Real Estate?
Any investment is like predicting the future. You need the right information, a discerning eye for opportunity, and even then, it is usually a matter of uncertainty. You may make the best call of your life, or make a regrettable one. However, with Wagga real estate the future is quite bright.
We’ll outline some of the best reasons why you should invest in Wagga Real Estate:
- Attainable Work – Life Balance
The rural areas and lifestyle properties around the region are always in very high demand because a lot of people and families seek that work – life balance and are always searching to live the country life and still be within proximity of the city facilities and infrastructure. Wagga is a great place for family, and if what you seek is a place to grow a garden and veggies or a place for the kids to play around, Wagga Real Estate can provide this for you.
- Great Infrastructural Facilities
Wagga’s health, defense and educational facilities continue to draw in a lot of families and young people to the area which is, in turn, contributing to the mass shortage of housing in that area. Wagga is a very vibrant place to reside in and families, young people and growing businesses endlessly continue to flock into the region and Wagga Real Estate housing market cannot keep up.
- Quality And Growing Value ForInvestments
Anything under $600,000 is highly in demand, very salable and has the lowest number of days in the market. With so many investors selling up their properties during the COVID pandemic, there’s been an incredible increase in the demand for Wagga Real Estate properties and as a result, more interest from first-time buyers in the market.
- Work And Job Opportunities
Wagga Real estate presents so many opportunities for its residents especially work/ job opportunities. Most of the work in Wagga stems from building and construction projects and the large military involvement in the vicinity.
- Great study options and learning environment
Wagga Real Estate is the perfect place for students looking to study at the Charles Stuart University. It is one of the biggest top-rated universities and educational institutions in Australia. Students would be greatly opportune to live in this area as it provides a good living and learning environment for them.
Conclusion
As the Wagga community continues to grow and flourish, there will always be a high demand for new and established homes and rental properties. The best tip for anyone looking to shop for property in Wagga Real Estate is to have their finance in place and be fully prepared to hop on deals when you find your dream property. So take the right steps and invest in the right things.