Wagga's bustling housing market is set to become even busier, with the federal reserve bank slashing interests rates to record lows of 0.5 per cent.
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With buyers clamouring to buy up properties while rates are low, real estate agents are offering some handy tips and tricks to vendors looking to make their house stand out on the Wagga market.
For John Mooney sales consultant Brandon Sanbrook, it's often the small, seemingly minor details that could make all the difference.
"First impressions play key role - a simple thing like decluttering can often make living areas seem bigger and more open to a prospective buyer", Mr Sanbrook said.
"It also makes the photographers job a lot easier when taking marketing photos. Choosing a marketing package that includes professional photography makes a stand out difference to the quality of the advertising photos than if you were to choose a marketing package without."
Getting the price right is more important than ever before, Mr Sanbrook said, given how much more savvy the average buyer is in the current market.
"Sellers should keep in mind that buyers are more educated than ever before. These days, if you've got access to the internet, then you've got access to the sale history of most properties," he said.
"In this day and age everyone's interested in the whole real estate game, so they're quite knowledgeable."
In regards to the timing of when to sell a house, Mr Sanbrook said it was more-or-less even across the board with an increased demand in spring and summer being balanced out by an increase in supply.
Wagga Fitzpatrick's sales consultant Shaun Lowry said demand was high in Wagga's real estate market, with mortgage stress at an all-time low.
"If you look at the median rent versus the median mortgage, we're at a point now where it's potentially cheaper to own a home and pay mortgage than paying rent," Mr Lowry said.
"With interest rates being cut, there's more of a driving force for buyers to pay a premium than what vendors could do to obtain a premium."
For those looking to renovate their house before putting it on the market, Mr Lowry recommends going for a more conservative approach to interior design and staying away from loud, out-there colours.
He said big, striking feature walls could be a bit of a turn-off for many buyers, who these days tend to lean towards a more minimalist aesthetic.
"Everyone's got their own personality and style, but we know the market responds to a very neutral pallet," Mr Lowry said.
"Keeping up with the trends is an important trend in selling the house in the current market."
Kenji Sato
Kenji Sato is a handsome journalist at The Daily Advertiser who enjoys writing flattering bios about himself in the third person. He can be contacted by email at kenji.sato@dailyadvertiser.com.au or by mobile on 0448 927 612.
Kenji Sato is a handsome journalist at The Daily Advertiser who enjoys writing flattering bios about himself in the third person. He can be contacted by email at kenji.sato@dailyadvertiser.com.au or by mobile on 0448 927 612.
