Fitzpatricks Real Estate

With interest rates cut by another 1% on Tuesday, it is a great time to buy property. Interest rate cuts typically mean an increase in buyer confidence, resulting in more investors and owner occupiers coming back into the real estate market. This interest in real estate is further compounded by the current lack of confidence in the sharemarket.

There is a strong demand for rental properties in Wagga Wagga, which can be attributed to the influx of new residents at Charles Sturt University, RAAF and Army Bases, the upgrade of the Hume highway and the new Bomen businesses.

The scarcity of rental properties continues to put upward pressure on rents. In the last six to twelve months rents have increased significantly higher then CPI. Fitzpatricks Real Estate has had incredibly low vacancy rates of below 2% for the past 12 months.

Fitzpatricks Director Andrew McLeod said "Anyone thinking of adding to their portfolio, upgrading properties, or purchasing their first investment should take advantage of the current rental climate and buy now."

Listed below are several properties which would make ideal investments:

• $260,000 12/34 Travers Street

• $220,000 62 Undurra Drive

• $317,500 59 Yentoo Drive

• $299,000 25 Sherwood Avenue

• $155,000 2/49 Simmons Street

• $233,000 12/160 Forsyth Street

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