Question 1

Is Kooringal a nice place to live?

Accepted Answer

Kooringal is a well-established residential suburb on Wagga Wagga’s eastern side, with broad streets, parks and a village-style shopping precinct for everyday needs. The neighbourhood is largely single-storey homes on generous blocks, with pockets of newer subdivisions. It suits families and long-term locals who use nearby sporting ovals, playgrounds and local bus services, and it sits a short drive from the city centre.

About 7,404 people live in Kooringal and the median age is 35. Families are prominent, with couple families making up about 75.1% of family households, and owner-occupiers are more common than renters at roughly 62.9% to 37.0%. Local investment includes upgrades at Kooringal High School, a replaced accessible playground at Rotaract Park, active-travel works to add a shared path and pedestrian bridge, trial Route 970/D970 bus services, and a council sewer strategy to scope future treatment-plant upgrades. Whether Kooringal suits you will depend on what you want from a suburb.

Question 2

Is it expensive to live in Kooringal?

Accepted Answer

On the figures for Kooringal, a typical local household earned $1,404 a week at the last Census. Average house rent of $540 a week would take about 38.4% of that weekly household income, a sizeable share, while average unit rent of $380 a week would take about 27.0% of the weekly income, a moderate share. If you are renting, those rent shares are the most relevant numbers.

The median house price of $682,500 works out to about 9.3 times a typical local annual household income at the last Census, which sits well above local incomes on the multiple scale. On these figures, buying a house looks notably more stretched against what local households earned at the last Census than renting does.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Kooringal a good place to invest?

Accepted Answer

The most striking movement in Kooringal over the past 12 months is unit values, which rose 41.8%, a strong increase. House values also climbed, up 14.5% over the year. On the rental side, house rents increased 10.2% while unit rents rose 5.6%.

For someone weighing Kooringal as an investment, these figures separate capital growth from rental income. Unit prices have risen much faster than unit rents this year, while for houses the rise in values and the rise in rents were closer in size. Which of those outcomes matters to you will depend on whether you prioritise capital growth or rental income and on your own circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$683K	N/A
Change in value Past 12 months	14.5%	41.8%
Sold Past 3 months	28	6
Median days on market Past 12 months	27	36
Average rent Past 12 months	$540	$380
Change in rent Past 12 months	10.2%	5.6%

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