Last week The Daily Advertiser featured an article on Wagga’s ranking of 14th in Australia for affordable housing (see the full article here), which takes into account the median house price in comparison to the median household income. The Demographia International Housing Affordability Survey is crucial recognition of the city’s stable economy and housing market, and as a worldwide measure Wagga ranks 258th – ahead of Sydney (51st in Australia, 366th …
Continue reading
The Australian Tax Office (ATO) will look closely if it knocks on your rental property door. Knowing what can and cannot be deducted as a legitimate tax expense can be a minefield when it comes to investment property. Late last year it notified tax agents of the continuing rental audit program of their clients that aims to ensure taxpayers do not over claim rental deductions. …
Continue reading
We are lucky to have such a broad choice when it comes to education in Wagga Wagga, but it’s not as straightforward as choosing the school with the “best” reputation or the coolest uniforms, then enrolling your child. Each school is zoned and those families living within a school’s designated intake area take priority for placement at the school, with a limited number of “out of zone” placements available …
Continue reading
Keeping a vacant property well presented and kept to exceptional cleanliness standards particularly through the Summer season, where Wagga’s market shows a dramatic incline in tenant vacation, is extremely beneficial to leasing your property to prospective tenants. When attending an inspection, our leasing consultants ensure that they present the property well – including: Taking in garbage bins Cleaning the mail box of any junk mail/ previous tenant mail …
Continue reading
December is traditionally a high vacate period due to the turnover of defence and other corporate employment contracts and the completion of the education year. January and February are periods of high numbers seeking rental properties – coming in to replace the people who have posted out of the area. In December 2015, the vacancy rate for the Riverina was 4.0%, while Fitzpatricks Real Estate achieved 1.91%. We consistently achieve a …
Continue reading