Real estate agents say the value hike is seeing properties in central and surrounding suburbs selling for incredible prices, and the value is only rising.

Director of Fitzpatricks Real Estate Paul Gooden points to a three bedroom, one bathroom home on Dobbs Street in Central Wagga that recently sold for $640,000 at auction as an example of buyers seeing more value in Wagga homes than ever before.

The 820 square-metre property was initially predicted to go for $600,000 in November, a value Mr Gooden saw as a "stretch" at the time.

Ultimately the home went for $40,000 higher in February, a jump of more than 6 per cent, and Mr Gooden predicts the value is already up another 5 per cent.

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The research from CoreLogic released this month showed the Riverina properties increased in value by 8.4 over 12 months, outstripping Sydney's annual growth of just 5.4 per cent.

The hike isn't slowing down, with the values continuing to grow by 2.7 per cent in the Riverina this quarter.

"The annual rate of growth across the Riverina is the highest since late 2005," CoreLogic research executive Tim Lawless said. "To provide some context, over the past ten years, Riverina dwelling values have risen at the annual average rate of just 1.2%."

Mr Gooden has seen plenty of properties in Wagga jump almost $100,000 in value over 12 months, and says he "wouldn't be surprised" if the value increase was even higher.

"We saw values rise about 10 percent," Mr Gooden said. "A house recently sold in Heffron Street [in Lloyd] at $560,000 that was valued last year at about $470,000."

Greg Chamberlain, a property specialist with Wagga Real Estate, has seen the evidence of the remarkable hike first hand, and said demand has risen.

"Every house we have listed has sold for way more than it did three months ago," he said.

"We're getting bids within half an hour of properties going online."

Mr Gooden described the current demand in Wagga as "astronomical".

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