Investing in property is one of the most effective ways to build long-term wealth, but knowing where to start can feel overwhelming. Whether you’re purchasing your first investment or expanding your portfolio, having the right strategy and the right team behind you makes all the difference.
At Fitzpatricks, we’ve helped countless investors make confident, informed decisions. Here are our top tips to help you get started with investing in Wagga Wagga.
1. Define Your Investment Goals
Are you investing for long-term capital growth? Positive cash flow? Retirement income? Clarifying your goals will guide every decision, from location and property type to budget and risk profile.
2. Understand Your Borrowing Capacity
Before you start searching, speak with your broker or lender to determine your borrowing power. Factor in not only the purchase price, but stamp duty, legal fees, inspections and a financial buffer for vacancies or maintenance.
3. Research the Market
Look for areas with strong population growth, infrastructure investment, employment opportunities and consistent rental demand. Local knowledge is key: understanding vacancy rates and tenant demographics can significantly impact your returns. We can help guide you with this.
4. Choose the Right Property Type
Houses, townhouses and units all perform differently depending on the market. Consider:
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rental demand in the area
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maintenance requirements
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body corporate costs (if applicable)
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future resale appeal
5. Focus on Rental Yield and Growth Potential
A smart investment balances rental return with long-term capital growth. Analyse comparable rental properties and recent sales to ensure the numbers stack up.
6. Budget for Ongoing Costs
Successful investors plan beyond the purchase. Remember to account for:
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property management fees
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insurance
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council and water rates
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maintenance and repairs
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periods of vacancy
Being prepared reduces stress and protects your investment.
7. Protect Yourself with the Right Insurance
Landlord insurance is essential. Ensure your policy covers:
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loss of rent
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malicious damage
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public liability
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landlord contents
Not all policies are equal, research carefully.
8. Present Your Property to Attract Quality Tenants
First impressions matter. Before leasing:
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complete maintenance items
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service appliances
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ensure smoke alarms and pool compliance meet regulations
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professionally clean the property
Well-presented homes attract better tenants and reduce vacancy time.
9. Work With a Professional Property Manager
The right property management team will:
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conduct thorough tenant screening
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complete detailed condition reports
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manage rent collection and arrears
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coordinate maintenance promptly
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keep you compliant with legislation
At Fitzpatricks, you'll have a team of dedicated property managers ensuring your investment is protected at every stage.
10. Seek Expert Guidance
Having a dedicated property investment specialist can fast-track your success.
We’re proud to have Gemma Aiken, our award-winning Property Investment Consultant, guiding our investors. In 2025, Gemma was recognised by the Real Estate Institute of New South Wales as Business Development Manager of the Year, a testament to her dedication, expertise and outstanding service.
Gemma works closely with investors to:
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analyse market conditions
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provide rental appraisals
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advise on preparing properties for lease
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maximise rental return
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support long-term portfolio growth
Her passion for helping clients achieve the best outcomes truly sets her apart.
Need to save this guide for later? Download Our Free Investment eBook
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Click here to download your free copy
Your Investment is Our Focus
From market analysis and marketing through to tenant selection, inspections and ongoing management, Fitzpatricks is committed to treating your investment as if it were our own.
Ready to take the next step?
If you're considering investing, or want a second opinion on your current portfolio, contact Gemma Aiken on 0401 942 575 or gemma@fitzpatricks.au, or visit fitzpatricks.au/rental-appraisal for a complimentary rental appraisal.
Let’s build your property future together.
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