With the end of the financial year looming, it’s an opportune time for anyone considering buying an investment property to get into the market to take advantage of the taxation benefits on offer.

With the Reserve Bank dropping interest rates by a full 50 basis points earlier this month, and the real estate market currently in the midst of a ‘buyers market’, now is the opportune time to purchase an investment property. Read more »

With the end of the financial year fast approaching, it may be time to consider whether your property needs any capital improvements. All properties from time to time will need new carpet, paint or appliances. It is important to budget for the replacement of these items at least once every five years, or in accordance with your depreciation schedule or accountants advice.

Well kept properties will be more attractive to tenants, resulting in higher rents and minimized vacancy periods.

Properties that are maintained to a high standard will also appreciate in sales value more quickly than properties that are let to deteriorate and depreciate.

Please contact your property manager for if you require any work to be carried out.

More than 9,000 punters headed to the Murrumbidgee Turf Club last Friday for the 2012 Wagga Wagga Gold Cup.

Fitzpatricks Real Estate hosted a hospitality marquee as a way of saying thank you to our loyal and long standing clients, with over 350 attending throughout the day. Read more »

The future looks bright for Wagga Wagga with an excess of $600 million in private and public projects in planning and underway in the city. Not only will these major projects improve Wagga Wagga’s infrastructure and economy, it will also boost the number of new jobs in our area. Read more »

Repairs are defined as ‘work to make good or remedy defects in, damage to or deterioration of the property’. Some examples of this include: replacing part of a fence damaged by a falling tree branch or replacing part of the guttering or windows that have been damaged in a storm. Read more »

Many tenants don’t think they need insurance because they don’t own the home in which they are living in
But as we have all witnessed the damage of the recent floods, we are reminded that unfortunate disasters can happen to us.
Replacing possessions we have gathered over a lifetime can be extremely expensive and time consuming. Insurance policies suitable for tenants can cover the loss of contents due to fires, natural disasters or theft.

When insuring your contents, you must consider the overall value of all of your possessions and how much you would have to pay to replace them.
Items that are often overlooked are white goods, kitchen items, outdoor items and tools. Proper planning could protect you from a costly and distressing episode during your tenancy.
Please contact your property manager if you would like more information about insurance options that may suit you.

Last week we spoke about Wagga Wagga currently amidst a “buyer’s market”, meaning there are a number of properties on the market and the majority are taking longer to sell, as buyers are presented with more choice. Read more »

Recent media attention has been directed at the property prices of many Wagga Wagga homes.

We are finding many homes are staying on the market longer, with vendors having to meet current market conditions by reducing the initial listing price of their home in order to achieve a quick sale.

The latest NAB quarterly forecast has predicted prices are expected to bottom out later in the year and will then start Read more »

Are you adequately insured? Does your insurance policy have public liability coverage? Do you know about Landlord Protection Insurance and Landlord Contents Insurance?

In this day and age, where it seems that suing for compensation has become a national pastime, it is important that steps are taken to minimise your risk. In order to do this, we are constantly monitoring our Risk Management Procedures to provide the best service to our property owners. Read more »

Fitzpatricks Real Estate has just launched www.waggalandsales.com.au, a website dedicated to vacant residential land in Wagga Wagga and its surroundings. The user friendly website, acts as a resource for anyone one interested in the Wagga Wagga land market. You can now view all Read more »