Wagga Wagga population statistics are an important factor for any property investor. NSW is a big state and there are a few of regional towns that are worthy a look at. Generally, when looking into property investing, we look at the towns that have “anchored” economies. That means that they are capable of surviving without being too dependent on one industry. For property investing, we think population growth is important.
Wagga Wagga residents’ details
Wagga Wagga is one of the cities that is often on the radar of many property investors. It is a prosperous and growing city. At the time of typing of this article, Wagga Wagga had 62,385 people residing in it. Wagga Wagga region had a population of 96,627. This makes this city bigger than Orange.
Median age in Wagga Wagga is 35 years, which shows us that this is a fairly young city. Young cities are usually more interesting to us, property investors, than older demographic cities. Because it we think it indicates potential for growth and expansion.
Wagga Wagga resident growth
Wagga Wagga population has remained fairly stable. There is no significant growth. Overall, number of residents in Wagga Wagga has grown by 04.27% from 2001 to 2018. Here is the table that shows trending of population growth in Wagga Wagga. This is worse than both Newcastle and Orange.
What will happen to Wagga Wagga property?
Population of Wagga Wagga has remained stable, which indicates to us the city is not losing population to Sydney. Due to its proximity to Sydney and its employment hubs, we think in long run Wagga Wagga should become more and more attractive to young professionals. Wagga Wagga remains a major hub and is a major regional city in the Riverina region.