A look at the data from the 2016-2017 Fitzpatricks Report shows the strong growth in recent years. We expect to conclude the 2017-2018 financial year with similar growth.
307 residential blocks were sold in Wagga Wagga in 2016-17 financial year, a minor decrease of 4.7%.
The median land price was $135,000 which is an increase of 2% from the previous year. We expect the median to continue to rise this financial year.
In the Wagga Wagga LGA, there were 277 residential building approvals for new houses in the financial year 2016-17.
The highest land sale was in Moorong for $550,000 with a land size of 2.98 acres.
The month of February 2017 registered the most activity with 64 land sales.
Springvale registered the highest median land price of $310,000
Land supply is just meeting demand at the moment. Bourkelands is all but sold out. Lloyd has experienced a strong uptake with the release of Lloyd Stage 7 , whilst the northern estates continue to provide the bulk of the land sold.
Lifestyle allotments are selling at a premium as supply has dwindled.
*All data sourced from our from our 2016-2017 Fitzpatricks Report, click here to go on the VIP list for this years report