Yes, you have read correct – these are small dual occupancy properties in the strong growth location of Wagga Wagga NSW. They are 2 bed dual occupancies – and the builder has a selection of them priced from $425,000 Fixed Price Contract. This lot is slightly larger and the purchase price for house and land is $429,000. (see below for details on this property)

Why Wagga Wagga?
- Affordability – land price is only $120,000 for a good sized lot in new estate close to all amenities
- Strong economy driven by income diversity from numerous strong industries: education, health, retail, transport, military
There is huge opportunity for employment amongst these major industries –
Wagga Wagga is the major regional city for the Riverina district of NSW
Education: Universities, numerous private and public, TAFE colleges and many other facilities
Health: large hospital and expansive ancillary health care providers
Military: the RAAF plus the Australia Army base
PLUS the Federal Govt upgrades that are approved for additional infrastructure and commerce, industry for this regional city.
Wagga has had impressive growth – 8% to 13% increase in property prices over the past 2 years.
Their population is currently 65,000 and is projected to grow to 80,000 in the next 10 years.
Growth underpins investment – jobs create housing demand – housing demand provides strong property and rental market.
Here’s what Terry Ryder says about the potential of Wagga Wagga:
Watch this video:
Click here to watch the video.
“Regional NSW is one of the strongest markets in Australia at the moment. Many regional centres have rising markets, in contrast to Sydney. We’ve just published our new edition of Top 5 Regional NSW Hotspots, which includes this week’s Hotspot of the Week, Wagga Wagga. —–Terry Ryder has been a specialist researcher/writer on residential property for over 35 years and has published four books. In 2006 he created hotspotting.com.au, to help investors find the best places to buy. He is regularly interviewed by television, radio and print media on real estate issues, and is widely sought as a public speaker.

This Opportunity:
Land: lot 623 Gasnier Loop, “Boorooma Estate” Boorooma – Wagga Wagga
Size: 460m2 Land Price: $124,000
Dual occupancy: small affordable, yet very high rental projection!
Total size: 4 beds, 2 baths and 2 cars = 179.4m2 – Build Cost: $305,000
Unit 1: 2 beds, 1 bath, 1 car – size 89.7m2
Unit 2: 2 beds, 1 bath, 1 car – size 89.7m2
FIXED PRICE CONTRACT – FULL TURN KEY – TENANT READY
Total package price: $429,000

Inclusions: Please refer to the full inclusions list provided by the builder

Rental: a staggering return…… $680 to $700 per week total for the two dwellings
Gross Rental return: 8.2%

We have other lots also available in this estate on which these duals can be constructed. The prices vary due to lot size and price and availability. Please ask us.

To purchase: initial holding deposit is $1000 on Expression Of Interest
Two contract purchase: Land and House Contract
21 days finance approval
Land is settled 14 days from finance approval
Builder is ready to start upon Construction Plans being approved by the council
Timeframe for the build: approx. 16 weeks
Total purchase time frame to completion and hand over – estimated at approx. 22 weeks

For sale: $429,000

Kaye Tilley 0418 823 046
John Tilley 0417 041 424