Robert Cavallaro says demand for Griffith properties remains strong, but there are risks looming. Photo: Robert Cavallaro/Facebook.
Wagga’s Glenfield Park and the town of Griffith have recorded the biggest surges in home buying interest in the state, according to new data from realestate.com.au.
The data measures how many buyers are making inquiries about properties in each suburb, giving a clear picture of where demand is rising fastest.
Over the 12 months to March 2026, Glenfield Park saw a 212 per cent increase in inquiries per listing, while Griffith recorded a 185 per cent rise — higher than any other suburb in Sydney or the rest of NSW. Dubbo followed with a 164 per cent increase.
Nicole Kemp, owner of real estate agency REMAX Elite, said the spike in interest in Glenfield Park was being driven largely by investors.
“Over a year ago, an investment group did a course that targeted Wagga, and now they’re name-dropping suburbs such as Glenfield Park. There’s a lot more buyers wanting to buy in that area,” she said.
Ms Kemp has sold five properties in the south Wagga suburb and described it as particularly appealing to investors.
“It’s affordable and the rental yields are really strong compared to other parts of Wagga,” she said.
In Griffith, local agent Robert Cavallaro of Nutrien Harcourts said the surge in demand did not come as a surprise.
“There’s been a sharp increase in inquiries for properties ranging between $600,000 and $800,000, mainly because you never really have a shortage of supply at that price point,” he said.
“We still have really strong employment in Griffith and there’s always a shortfall of housing to accommodate the workers who are coming to town.
“I think there’s also buyers who may want to secure their property before the government were to make changes regarding capital gains tax.”
The Albanese Government has refused to rule out changes to tax incentives for property investors in the coming May 2026 Federal Budget.
One possible change is a reduction to the capital gains tax discount, which currently allows investors to pay tax on only half the profit made when selling a property.
“I don’t think it would be fair. The average mum and dad would have to pay more tax than companies,” Mr Cavallaro said, adding that such a move could push rents higher.
“It will take buyers out of the market, which will put pressure on the rental market,” he said.
Ms Kemp agreed that any change to investor tax settings could negatively affect the Wagga market.
The rise in demand has coincided with strong price growth. Griffith house prices have increased by 22 per cent over the past year, while Glenfield Park values are up 16 per cent. Across Wagga Wagga more broadly, prices have risen by a more moderate 10 per cent.
