Home owners and investors are casting their eyes over properties within the health precinct as values are set to climb.
Tim Goonan purchased a home on Sullivan Avenue in late 2017, flipped it and is hoping to resell it soon.
"I thought buying within the precinct - the resale value would be consistent and increase as demand gets greater," Mr Goonan said.
"Wagga is continually growing and naturally the health precinct will grow too and hopefully push up prices within that area.
"When doctors move to the area, they look for acreage or somewhere close to the hospital ... I've got one of them being situated at the back door of the hospital, which is a big advantage."
Many older, red-brick homes located on Brookong Avenue and Docker Street have been converted into medical practices.
Professionals Real Estate agent Paul Irvine said the area and mindset of the precinct has changed dramatically over a decade.
"I've seen 20 to 30 per cent growth in the Brookong Avenue area, with homes originally priced between $140,000 to $160,000 and now going for $450,000," he said.
"The amount of inquiry lately for that precinct has been astronomical and picked up heavily in the last 12 to 18 months."
Mr Irvine said people's mindsets on homes within the precinct has changed over 10 years and the area is now considered apart of the CBD.
"We've seen a lot of rental investor growth as the medical precinct has seen a high volume of staffing so our rents have increased," he said.
"[They offer] high yield on returns and low vacancy rates.
"From the Docker Street service station right up to Chaston Street, about 80 per cent were residential and now you're lucky to find more than two."
However, Herron Todd White property valuer Ray Zaplin said the growth of commercial buildings in the vicinity could deter residential dwellers.
"With a residential area that is being commercialised ... it might detract [buyers or renters] because you've got competing forces, like parking and increased levels of traffic in that vicinity," Mr Zaplin said.
"I think you will pay more for a converted medical premise than just a residential dwelling.
"I think values will increase along with general residential properties, but there's capacity to take advantage of short-term stays, like AirBnb."
Mr Irvine said Wagga should not be disheartened that many period homes have been converted.
"I don't think it's a shame as there's still pockets in Central that retain hold heritage, like Thorne, Gurwood and Fox streets," he said.
"Medical is a big part of Wagga's growth at the moment; we need to embrace change, especially with small and medical businesses coming ... this makes a place where people want to invest."