In Wagga, it is a mainstay of the local property market.

Fitzpatricks Real Estate director Paul Gooden said it was common to see large houses on multiple-acre blocks on the market in Wagga, with the price tag on the rise.

People are seeing the value of lifestyle, everyone thinks there's the whole attraction to city life but in regional areas like Wagga ... a lot of people are here to be on that type of land," he said.

Mr Gooden is managing the sale of 304 Mitchell Road Lake Albert, a five-acre lot featuring a renovated four bedroom home, a swimming pool and roomy, manicured gardens.

With an asking price of around $1.3 million - $1.4 million, Mr Gooden said much of the interest was coming from the big cities.

"It's what they can't buy in Melbourne and Sydney," he said.

Down the road, Wagga Real Estate's Greg Chamberlain is managing the sale of 1 Mitchell Road, a seven-acre lot with a "monstrous" five bedroom home about 600 square metres in size.

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Mr Chamberlain said a property of that size would usually only come around every two to three years, with professionals moving from the big cities showing interest in the lifestyle and hobby farming opportunities.

"A lot of people have asked, can I buy my daughter a horse, what sort of livestock can we run on it?" Mr Chamberlain said.

While Lake Albert landowners looking to downsize can now consider the possibility of subdividing their land, Mr Chamberlain said it was likely the spacious, semi-rural lifestyle would remain an option for years to come.

"Probably the 20 acre blocks will phase out, people will buy them and they'll cut them up into five acres or ten acres... I think the five acre blocks will still always be there but the 10s and the 20s will become rarer and rarer over the next 15 to 20 years," he said.

Mr Gooden said as Wagga continued to sprawl, there would likely always be room on the outskirts for larger lots as utilities and services become available further and further out of the city.