9/141 Gurwood Street, Wagga Wagga NSW 2650
9/141 Gurwood Street, Wagga Wagga NSW 2650
Central CBD unit | updated kitchen | strong rental history | low-maintenance hold
This property offers a rare combination of central positioning and low-maintenance design in a high-demand Wagga Wagga market. The updated kitchen and open-plan living with elevated views give it an edge over older units in the same price bracket, while the off-street parking and dedicated storage add practical value for an owner-occupier or investor. The rental history at $370 per week supports a solid yield, and the 40mยฒ footprint suits singles or couples seeking a lock-and-leave option in a walkable location. The buildingโs 85% renter profile signals consistent tenant demand but also a transient community, which may affect long-term owner satisfaction. The 2021 purchase at $197,000 and current list price near $309,000 show capital growth, but the limited recent sales data for the building means resale liquidity is unproven. The 1950 build may require future maintenance beyond cosmetic updates. This unit works best as a long-term rental hold or a starter home for a buyer who prioritises location over space.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 9/141 Gurwood Street, Wagga Wagga NSW 2650
Market Insight:
Wagga Wagga is a major inland service hub with a stable, tightly held property market. Demand is driven by local families, investors, and downsizers, attracted by strong affordability and its role as a regional centre. Recent conditions show sustained price growth and significant sales pressure, with rental vacancies critically low. Future growth is underpinned by its economic function and constrained supply, though the market remains sensitive to broader interest rate movements.