Lake Albert's woes have not deterred people from moving in as the suburb in the south ranks third place for residential application approvals.
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In the past six months, from February to mid-July, Wagga City Council has approved 15 dwelling applications for Lloyd, 13 in Gobbagombalin, followed by 11 at Lake Albert.
This is largely the result of a multi-staged subdivision at Crooked Estate, says independent based property valuer Chris Egan.
"Crooked Creek is very attractive as it's close to the lake, schools and infrastructure," Mr Egan said.
Malcolm Edgar has been living on the cusp of Lake Albert for 14 years and said the lake will return to its 'glory days'.
"The lake is a great asset, I regularly walk and run and the number of people using the lake during any type of weather is just fantastic," he said.
"The low level in the lake is disappointing and so boating activities can't continue; I spent most of my school days sailing on Lake Albert, it was the place to be.
"It's disappointing events have been cancelled but it will certainly prevail and we'll see it back to its glory days soon."
Mr Edgar said he is not surprised residents are choosing Lake Albert as their suburb of choice.
"The calibre of the homes being built in Crooked Creek estate, I'm not surprised Lake Albert is in the top three for growth and developments now with that subdivision and land to be built on," he said.
"By choice, a lot of people would prefer to live on this side and land for sale in Lake Albert will sell, because people want this lifestyle.
"I believe natural demand will create infrastructure and there is already plenty here."
Crooked Estate land is selling for about $320,000, depending on the size of the block.
Mr Egan said Lake Albert is a village, just outside of the bigger village: the CBD.
"These are higher-end blocks, with higher brackets that attract young professionals and it's a family area, with good schools, infrastructure and we've found that people tend to raise their kids and then their grown up kids stay there," he said.
"These blocks are often slightly larger than suburban lots and target that family market, where there is room for a pool or a granny flat.
"People moving to regional areas have that choice in a residential lifestyle or buying into a more established area with more advanced gardens and trees."
Mr Egan said the view and proximity of the lake is also a draw card and only becomes a detriment for those wanting to use the lake for recreational activities.
"The blue-green algae only affects people who want to use the lake for recreational purposes," he said.
"Some of the most expensive blocks are those which get the view of the lake and its proximity is a major attractant."
While Mr Egan said these blocks are popular, the likely explanation for the suburb reaching third place is due to a stage release of land.
"What you may find is a big flurry of development applications all at once as plans have been approved or have received a final certificate of entitlements for the block," he said.