The data recorded rental vacancies from February 15 to March 15 and showed the Riverina region, including Wagga, had an average vacancy of 2.6 per cent in comparison to neighbouring regions like Albury sitting at 0.8 per cent and the Murrumbidgee region at 0.9 per cent.

According to Lyn Kimball, the director and office manager of Fitzpatricks Real Estate in Wagga, the slightly higher figure is not necessarily a bad sign for the rental market.

"Even though it is higher than other areas, it is a reasonably healthy number," she said.

"We are finding that rental vacancies are sitting at just under 3 per cent, and you have to consider seasonal influences as well particularly in Wagga around the Army and RAAF, and teachers and uni students going back into session."

Ms Kimball said it was difficult to suggest an exact figure that determines the ideal level of vacancies in any given area due to the wide variety of contributing factors, however the statistics for Wagga work in the favour of the majority.

"It's good for tenants because for one, they have places and options and choice is always a great thing, but it also doesn't put rent prices up too high because there's that element of more competition," she said.

"It's also good for investors to find a place and take the time to get people moving in or choose to keep it vacant."

Despite the percentage being positive for Wagga, Ms Kimball said it did not necessarily indicate the lower figures in other regions to be a negative factor.

"These other regions like Albury could have things going on with their own public service organisations, and it also depends on what is happening on the highway as well, like roadworks and workers needing places to stay," she said.

"It's got to be looked at on a whole, not a month to month basis."

Dave Skow, the director of REMAX Elite Wagga, also believed the percentage of vacancies in Wagga was at a healthy number.

"Alarm bells would be ringing more when they go over that 3 per cent mark," he said.

Mr Skow added that the surrounding regions' low figures should not be compared to the Riverina's when looking at which is more successful.

"Numbers for areas like Albury and the Murrumbidgee are really quite low, which comes with positives and negatives," he said.

"From a tenant's point of view, fewer vacancies is bad because it means a lot more competition to secure accommodation and increased prices, but from a landlord's point, it's a positive because it means there's less time between tenants, they can charge higher prices, and can afford to be a bit more choosy with who they lease the property too."

While you're with us, did you know that you can now receive updates straight to your inbox each day at 6am from The Daily Advertiser? To make sure you're up to date with all the Wagga news sign up here.