Recent media attention has been directed at the property prices of many Wagga Wagga homes.
We are finding many homes are staying on the market longer, with vendors having to meet current market conditions by reducing the initial listing price of their home in order to achieve a quick sale.
The latest NAB quarterly forecast has predicted prices are expected to bottom out later in the year and will then start rising modestly from 2013. National house prices fell 1.3% in the first three months of the year, following a fall of 2% in the 2011 December quarter and a 2.4% decline in the September 2011 quarter. Wagga Wagga recorded a drop of 3.4 per cent on the median house price for the first quarter of 2012.
It is definitely a buyers market at the moment, there are some good deals to be found and a lot of variety to choose from. If you are buying and selling in the same market, it is a win win situation. Your property may sell for lower than originally anticipated, however the home you buy in the same market will also be purchased at a lower price.
The following properties have recently received a price reduction, making them even more appealing in the current market:
7 Bulgary Place, Bourkelands – $529,000 was $539,000
22 Osterley Street, Bourkelands – $379,000 was $399,000
1/20 Vestey Street, Central – $178,000 was $185,000
49 Paldi Crescent, Glenfield Park – $377,500 was $389,000
2 Glenoak Drive, Glenoak – $280,000 was $299,000
150 Morgan Street, Central Wagga – $364,000 was $369,000
7 Pinnacle Place, Estella – $404,000 was $419,000
8 Birch Road, Lake Albert – $485,000 was $529,000
If you would like to know more information about any of the properties listed above or other reduced properties we currently have for sale, feel free to contact of office on 69211555 who can put you in touch with one of our sales consultants.
House prices in Wagga Wagga fall
Recent media attention has been directed at the falling property prices of many Wagga Wagga homes.
We are finding many homes are staying on the market longer, with vendors having to meet the current market conditions by reducing the initial listing price of their home in order to get a quick sale.
The latest NAB quarterly forecast has predicted prices are expected to bottom out later in the year and will then start rising modestly from 2013.
National house prices fell 1.3% in the first three months of the year, following a fall of 2% in the 2011 December quarter and a 2.4% decline in the September 2011 quarter. Wagga Wagga recorded a drop of 3.4 per cent on the median house price for the first quarter of 2012.
It is definitely a buyers market at the moment, there is a lot of variety for those looking to buy and there are also some good deals to be found.
The following properties have recently received a price reduction, making them even more appealing in the current market.
7 Bulgary Place, Bourkelands $529,000 was $539,000
49 Paldi Crescent, Glenfield Park $388,500 was $389,000
2 Glenoak Drive, Glenoak $280,000 was $299,000
House prices in Wagga Wagga fall
Recent media attention has been directed at the falling property prices of many Wagga Wagga homes.
We are finding many homes are staying on the market longer, with vendors having to meet the current market conditions by reducing the initial listing price of their home in order to get a quick sale.
The latest NAB quarterly forecast has predicted prices are expected to bottom out later in the year and will then start rising modestly from 2013.
National house prices fell 1.3% in the first three months of the year, following a fall of 2% in the 2011 December quarter and a 2.4% decline in the September 2011 quarter. Wagga Wagga recorded a drop of 3.4 per cent on the median house price for the first quarter of 2012.
It is definitely a buyers market at the moment, there is a lot of variety for those looking to buy and there are also some good deals to be found.
The following properties have recently received a price reduction, making them even more appealing in the current market.
7 Bulgary Place, Bourkelands $529,000 was $539,000
49 Paldi Crescent, Glenfield Park $388,500 was $389,000
2 Glenoak Drive, Glenoak $280,000 was $299,000
150 Morgan Street, Central Wagga $364,000 was $369,000
7 Pinnacle Place, Estella $404,000 was $419,000
8 Birch Road, Lake Albert $485,000 was $529,000
150 Morgan Street, Central Wagga $364,000 was $369,000
7 Pinnacle Place, Estella $404,000 was $419,000
8 Birch Road, Lake Albert $485,000 was $529,000
Fitzpatricks
Established in 1950 by the late Geoff Fitzpatrick. We strive for excellence in our field, we aim to provide the best real estate service to the people of Wagga Wagga, embracing the highest standards of expertise, professionalism and integrity.