40 Yarrawah Cres, Bourkelands NSW 2650
40 Yarrawah Cres, Bourkelands NSW 2650
Detached family house | Likely single-level layout | Established low-density street | Family-oriented demand | Functional suburban positioning
This property sits within a well-established residential pocket where detached family houses on generous blocks are the dominant housing form. The configuration most likely suits buyers seeking a conventional family home with multiple bedrooms, off-street parking, and private outdoor space. For a purchaser prioritising suburban liveability over urban convenience, this location offers a settled neighbourhood character, practical dwelling scale, and the kind of everyday functionality that appeals to owner-occupiers rather than investors. The property serves best as a long-term family home, where the balance of internal space, land area, and street setting provides solid, unspectacular value.
The value of this property may be influenced by its exact land size, internal condition, and the extent of modern upgrades already completed. Homes in this area often benefit from features like ducted heating, cooling, solar panels, and outdoor entertaining areas, and the presence or absence of these will shape buyer perception. The lack of significant overlay constraints and the residential zoning support straightforward ownership, while the single-level layout may appeal to downsizers or those avoiding stairs. Buyers should weigh the property’s presentation against comparable family homes, noting that well-maintained examples with modern amenities tend to command stronger interest.
Detailed Independent Property Report prepared by PropCred Analyst team for 40 Yarrawah Cres, Bourkelands NSW 2650
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Bourkelands, a residential suburb in Wagga Wagga, is trading on tight fundamentals. With vacancies near 0.8–1.2% and a rental population around 26%, tenant demand underpins a gross house yield of 3.9–4.4% and 5.3% for units. Median house prices range from $694,500 to $763,500, with annual growth of 4.25–6.45% over recent periods; units sit at a $539,900 median. Momentum is supported by limited turnover—roughly 53–56 house sales in the past year and just two unit sales—and an inventory squeeze, with only six rentals and two listings in the latest month. Long-run stability is evidenced by 2,860 sales over 36 years of NSW records, yet the current median sits above long-term trend and is flagged as overvalued. That valuation risk, combined with thin sales volume and no major infrastructure catalysts, caps the upside; the market remains a steady, yield-driven hold rather than a growth play.
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PropCred Estimated Value
Comparable Sales: Nearby four-bedroom houses have sold in the high-$700,000s to low-$800,000s | Property Price Band: $800,000–$900,000 | Value Drivers: Land size, internal condition, modern features like heating and cooling
Bedrooms
4
Bathroom
2
Parking
2
Land
800m²
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