For first-time homebuyer Jesse Meriton, the Wagga property market couldn't have swung more in his favour.

In late 2016, Mr Meriton purchased his first home, a three-bedroom classic brick house on Dalton Street in Turvey Park, for $285,000.

This year, the builder decided to take advantage of the market boom and sold in March for $407,000, making a 30 per cent profit on the property.

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"It was an unbelievable turnover for four years," he said.

In April, the value of Wagga homes recorded an increase of 7.9 per cent compared with the same period in 2020.

Meanwhile, available properties are selling quickly, with the number of homes being sold up by 18 per cent compared with the same period last year.

Fitzpatricks' Paul Gooden said immediate offers have become common in the current climate.

"We're getting offers on properties, multiple on properties before they're advertised," he said.

Mr Meriton said his Turvey Park property, listed by The Professionals, sold almost immediately.

"They held an open house for it, and within three hours, I think it was sold," Mr Meriton said.

"My agent had a few people come through and had four offers and then sold to the buyer."

The Professionals' Paul Irvine said similar experiences to Mr Meriton's are being seen across the board, with the market still performing at historic levels.

"Wagga doesn't usually experience capital growth so quickly, we're a slow growing market, always have been," Mr Irvine said. "There's been prior increases but never like this."

The strong market is also seeing homes sell without needing major renovations to attract buyers.

Mr Meriton intended to renovate the property before selling, but said with the market in its current shape he was able to resell with minimal changes.

"I only spent a maximum of $8000 all up over that time for maintenance and everything and the return on it is unreal," he said. "I never expected to get that back."

Mr Irvine said buyers pushing the market are split evenly between first homebuyers and investors from interstate, while Mr Gooden puts the hunger for Wagga homes down to the rental market.

"There's been some really good purchases made recently by people, it's surprising how confident people are in the Wagga rental market," Mr Gooden said. "The return is really good."

On the flip side, the low availability of housing stock means buyers are anxious to secure accommodation before they sell.

"I think the big thing that we're seeing is people will sell if they have alternative accommodation," Mr Gooden said. "That's the big issue, people are bridging the finance and taking out a second mortgage so they can buy before they sell."

Mr Meriton said living at home was part of the reason he could sell in this market.

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