Question 1

Is Tolland a nice place to live?

Accepted Answer

Tolland sits in the southern suburbs of Wagga Wagga as an established residential area of quiet, family-oriented streets. Housing is mostly single-storey brick homes on modest blocks, with tree-lined streets, small neighbourhood parks and sporting fields shaping a relaxed suburban rhythm. Day-to-day needs are met by a local shopping strip and regular bus services, while larger retail, health and civic facilities in the city are an easy drive away.

The suburb is home to 3,459 people, with a median age of 34 and a median household income of $1,207 a week ($62,764 a year). Couple families lead the profile — together about 73.5% of families — and homes are slightly more often owner-occupied (55.6%) than rented (44.4%). A major estate renewal is under way to deliver social and mixed-tenure housing and new roads, open space and a community park, with community engagement and planning continuing. Tolland suits families, retirees and anyone after a settled, low-key base close to Wagga Wagga’s amenities; whether that fits you depends on what you want from a suburb.

Question 2

Is it expensive to live in Tolland?

Accepted Answer

Buying in Tolland sits well above local incomes at the last Census. A median house price of $640,000 works out to about 10.2 times a typical local household's annual income as recorded at the most recent Census. Looking at rent, a house at $500 a week would take about 41.4% of a typical local household's weekly income of $1,207 at the last Census, a large share, while a unit at $350 a week would take about 29.0%, a moderate share. On these figures, renting a unit would take a noticeably smaller share of a typical local household income than buying a house.

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 Tolland a good place to invest?

Accepted Answer

The clearest movement in Tolland over the past year is in house prices: median house value climbed 17.0%, a strong rise in capital value. Rental gains were also notable, with house rents up 8.7% and unit rents up 9.4% over the same period, the unit rent increase edging slightly ahead of house rent growth.

If capital growth is your focus, the 17.0% lift in house values is the figure that speaks to that; if rental income is your priority, the rent figures are the relevant ones. Whether that combination fits your goals and circumstances is for you to weigh.

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	$640K	N/A
Change in value Past 12 months	17.0%	N/A
Sold Past 3 months	25	1
Median days on market Past 12 months	29	N/A
Average rent Past 12 months	$500	$350
Change in rent Past 12 months	8.7%	9.4%

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