Real opportunities in Wagga Wagga Real Estate-
Wagga Wagga is the city so nice, they decided to name it twice.
It is the major centre of New South Wales’s Riverina area and is the state’s largest inland hub.
But the best thing about this thriving and growing regional area is that it still offers some affordable opportunities in Wagga real estate.
Situated on the banks of the mighty Murrumbidgee River, Wagga Wagga itself has a population expanding beyond 60,000 people along with being the major support centre for a further 200,000 residents of the Riverina. It has the ideal blend of retail and commercial real estate along with small to medium residential properties as well as large expanses of both development acreage on the city’s fringes along with rural and pastural acreage meaning there are a plethora of Wagga real estate opportunities for the savvy investor.
Being situated in the Murray-Darling basin, the region has rich, alluvial soil and forms part of the sheep-wheat mixed farming belt and is also excellent dairy country along with being able to support many other large scale agricultural production industries.
It has a thriving commercial centre with many major retail outlets as well as a dedicated light industrial area and is host to a number of heavily patronized regional tourist events.
Let’s take a look at some of the great reasons why this is a great place to make a smart Wagga real estate investment-
Across the last decade this town has almost exclusively maintained an unemployment rate some points below the national average.
Along with continuing to sustain population growth, this a unique phenomenon for regional Australia.
There are several large industries that offer long term stable employment in the area such as health care, higher education, the defence force and thoroughbred racing.
Being a large regional centre there are also great opportunities in local government services for the district and being a growth area there are opportunities in construction.
Whether you are looking to purchase to buy, or purchase to rent, rest assured you will have no trouble finding work or finding gainfully employed tenants.
Tourism, recreation and Entertainment-
This NSW town is the birthplace to an inordinate number of the nation’s biggest sporting stars giving rise to it being the regional sporting capital of the nation.
There are a host of sport and recreational facilities for people with all kinds of interests and of all types of ages and has one of the highest sporting participation rates of anywhere in the country.
It regularly hosts high profile sporting events such as Rugby League games of both representative level and as part of the National Rugby League competition which are of great benefit to the tourism sector.
The Wagga Wagga is the second oldest horse racing carnival in Australia and is one of the most highly patronized country racing events anywhere in the land. On this week alone the town is almost booked to capacity along with every hotel and hospitality venue.
It has an extensive library, a music conservatorium, and an impressive regional arts gallery.
The city itself is lined with bars, hotels, and restaurants standing it alone at the top of the pack for nightlife in any New South Wales regional centre.
This lends itself to many opportunities in real estate with opportunities for those looking to invest in retail or hospitality type investments.
The area is home to eight secondary and 22 higher education schools and has one of the country’s best regional University campuses in Charles Sturt University.
It services education and training to the primary industries, as well as traditional higher learning degrees and also provides training for the defence force.
The student population of the city contribute greatly towards the real estate market with high demand on small to medium properties on short to mid-term leases.
Combined with the busy hospitality, tourism and agricultural sectors of the community, and most students can find well-paying part-time employment making it a great place to work and study.
As you can see, Wagga Wagga real estate is a great investment in a great city that is going places making. It an ideal place to invest your dollars.