The Fitzpatricks Sales Team had a busy first quarter, listing and selling some of the most beautiful properties that Wagga Wagga has to offer. Ranging from new, modern designs to traditional and exquisite homes, to improved properties returning to the market.
Congratulations and thank you to vendors who chose to sell their properties with us this quarter. There were so many beautiful, unique and special homes, we can't wait to see what the rest of 2023 brings.
May 6, 2024
Fitzpatricks doesn't just focus on property management, commercial, and residential sales; we also prioritize building a stronger team to enhance the overall client experience. This commitment to teamwork was evident at the recent town plate event, where colleagues gathered at the Sportsmans Hotel to relax, socialize, and reinforce their professional relationships. Our core value at Fitzpatricks is creating a safe and inclusive social environment. The town plate event exemplified this commitment, offering a relaxed setting for team members to mingle, enjoy drinks, and savor a delicious meal. These moments are not just about leisure; they're about fostering a sense of community and understanding among colleagues. The event underscored Fitzpatricks' dedication to team building. Colleagues shared stories, laughed together, and deepened their connections. Such gatherings are essential for enhancing morale and teamwork, ensuring that the Fitzpatricks team remains cohesive and effective in their real estate endeavors across Wagga Wagga and the Riverina.
Mar 12, 2024
There are so many ways to get your foot in the door and invest in property. With inflation and current interest rates, the housing market is an intimidating concept and it's easy to be unsure where to start. What is your financial goal? How will you achieve it? These can be hard questions to answer, and luckily, despite your financial position - there can be options suited to your needs. Fix and Flip A very common way to profit on your property is to buy an affordable home that may have some room for improvement and renovate it to increase the way it presents and its value. Something very important to consider is the location of the property. Some suburbs tend to hold more value, especially if the property is in a closer vicinity to services and schools. Sometimes even a lick of paint and some fresh carpet can make all the difference, making your home more presentable, possibly attracting better offers or even a higher weekly rent rate from future tenants. Making some changes doesn't have to be costly and can really help you out in the long run. If you have been in your home for a while and are looking for something better, using the equity you have accrued to fund renovations is another way you can exponentially increase the value of your property, and walk away with a bigger deposit onto better things. Rent-Vesting Do you like the freedom of having a big yard, in a nice neighbourhood, close to work and also building your equity? Sounds like a dream, right? Well with "Rent-vesting" you can use your deposit to obtain an investment property, lease it out and continue renting where you are most comfortable. This does come with several factors to consider. If your property is not quite at a positive rental return, you may have to pay the difference to cover the mortgage. Though, because it is considered a loss, this cost is tax deductible, which you can put towards your mortgage too. If your property yields a positive rental return, then you will be paying off your mortgage, and thus increasing your equity. Which opens you up to an avenue of opportunities and soon instead of renting, you could be renovating your investment property to sell - or you could be putting down a deposit on your second home, potentially in a place you'll love. Location Location Location Location of the property plays a massive role in investment. If you are a first home buyer, you will find more homes within your price range within less popular suburbs. Though, you can potentially sacrifice the quality of the home, or you may not be living in your desired location - but this still gets your foot in the door. Once you claim your first property, the opportunities from there can be almost endless, whether you rent out a room and save on mortgage or use your equity after a couple of years to get a new home - perhaps there could be a market spike and you could gain a profit. If you are a seasoned investor or house-flipper, you may benefit from affordable homes in prime areas. Homes in these areas are likely to yield a high rental return or fetch a tidy price from a sale after a little bit of work. Being in a more convenient location, buyers and renters are more likely to pay a more premium price. Whether you have been in the market for years looking to expand your portfolio, finding the forever home for your family or looking to get your foot in the door and buy your first home - there are options out there for you. Continue your journey or start it, with a free property appraisal here.