Last week, members of our team attended a seminar presented by the Office of Fair Trading regarding the asbestos crisis unfolding with the “Mr Fluffy” ceiling insulation. This loose-fill insulation was installed into homes in the 1960s and 1970s – how old is your property? The business was based out of Canberra – with the ACT and surrounding areas having experienced the biggest impact to …
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The CoreLogic RP Data Research team has just released a snapshot of the current real estate market around Australia. Fitzpatricks Real Estate can also reveal how the market is traveling in our own backyard. National snapshot Combined capital city home values increased by 0.9% in January, with values rising in Sydney, Melbourne, Hobart and Canberra. They were unchanged in Adelaide and fell elsewhere. Over the 12 …
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With the new year comes new beginnings – new tenures and employment contracts, new Defence postings, a new school and university year. January and February are a busy period with high numbers seeking rental properties. In January 2016, the vacancy rate for the Riverina was 3.70%, while Fitzpatricks Real Estate achieved 2.84%. This is primarily due to having two dedicated leasing consultants showing our properties on demand, with our inspection program providing …
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The recent proposal from Labor to restrict negative gearing could reignite property booms – by limiting negative gearing tax benefits to investors who buy new homes and not existing ones, this threatens to send investors buying up existing real estate before the cut-off date. All eyes will be on the outcome of this. So what exactly is “negative gearing”? It is the process of adjusting the …
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Estella is situated on the elevated northern extreme of Wagga, overlooking the Murrumbidgee River and only five minutes drive to Wagga’s central district. The suburb is relatively new, with development commencing in the 1980s, and the streets named after crop varieties and individuals historically associated with the nearby Agricultural Research Institute. Located directly to the south of Charles Sturt University and to the west of Boorooma, the southern …
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