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:
44-44a The Esplanade
95-97 Fox Street
34 Balleroo Crescent
57 Brunskill Road
20 Norman Street
9 Cutler Avenue
25 Fay Avenue
Lot 17 Buckley Court
Lot 36 Plunkett Drive