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2012 a Positive Turnaround in the Wagga Wagga Real Estate Market

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Fitzpatricks real estate experienced an extremely positive final quarter of 2011 with a dramatic increase in sales and general activity in the Wagga Wagga Real Estate market.

Increased buyer activity and stronger sales results are regularly seen in the warmer months, last year during the month of February we recorded 26 sales and March had 30 offers accepted.

Fitzpatricks Real Estate had strong results in Wagga for the final quarter of 2011. December saw a large spike in buyer activity with 30 sales, including a 100% auction clearance rate. Open house attendance numbers were also on the increase.

This recent spike in activity is due to purchasers having more confidence in light of the recent interest rate cuts, along with a rush of last minute first home buyers, getting in before January 1, 2012 to claim stamp duty exemptions. Investors are also creeping back into the real estate market from the share market as a result of these factors.

With stable interest rates, increased confidence in the economy and government incentives such as Evocities, Wagga’s real estate performance is expected to grow steadily over the next 12 months.

A full report on the Wagga Wagga 2010/11 real estate market can be found in the annual Fitzpatricks Report

Fitzpatricks Real Estate December Sales:

5/1 McKeown Street

2/22 Harrier Street

170 Kincaid Street

44-44a The Esplanade

11 Heydon Avenue

95-97 Fox Street

18 Wilks Avenue

5/4 Nordlingen Drive

73 Vincent Road

34 Balleroo Crescent

57 Brunskill Road

19 Bourkelands Drive

58 Messenger Avenue

132 Meadow Street

39 Raye Street

4 Norfolk Avenue

20 Norman Street

3 Cowan Place

9 Cutler Avenue

25 Fay Avenue

4 Malebo Place

12 Bruce Street

43 Gregadoo Road

1/187 Lake Albert Road

54 Tamar Drive

52 Brooklyn Drive

6 Huthwaite Street

Lot 17 Buckley Court

Lot 36 Plunkett Drive

Lot 33 Kalmia Place