ALL eyes are on Forest Hill with the value of residential land shooting up by 18 per cent in past three years.
The latest NSW Valuer General's report revealed that Brunslea Park, a relatively new estate at Forest Hill, had some of the strongest land value growth between 2016 and 2019.
It was followed by Outer Central Wagga and Edward Street West, both of which saw a 16 per cent boost in the same time frame, with Tatton at 12 per cent and Lake Albert at 11 per cent.
Remax Elite director Dave Skow said in the past residents viewed Forest Hill as a separate town to Wagga.
But after several years, he said the Brunslea Park Corporation have done a "really good job" in educating people that Forest Hill is a suburb and a commutable distance.
"Wagga locals have always held a long standing view that Forest Hill is that place down the road and is removed," he said.
"It's just as easy a drive as some of the other suburbs such as Tatton, Bourkelands and Lloyd, which are always considered premiere suburban centres."
The suburbs of Ashmont and Tolland South West, however, showed a strong decline in value by 11 and 12 per cent respectively.
Mr Skow said the Valuer General's report is based on supply and demand and those suburbs are notorious for being at the lower end of the city's residential market.
Despite this, he said Ashmont and Tolland South West are still popular from an investment point of view.
"Rental yields are the strongest that Wagga has to offer, but growth rates are to that detriment," he said. "We can't have excellent growth and excellent yield because then everyone would be a millionaire, so something has to give ... and in some instances we will see a decline in land value."