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Considering I wrote it Fifth, the fault is mine in not being clearer. MOAR EMOTICONS PLZ hahaha! My problem at the moment is making a decision on strategy... got a bit of analysis paralysis, once I work out how much I can convince the wife to spend, and what opportunities exist, I'll make a...

It was a joke, perhaps I didn't make it obvious enough. My brother has two IPs there, and my parents live there, so I actually love Geelong. I just feel Ballarat is a better option, but as with anything if you buy well you'll do well.

This is exactly why. Geelong is a nice train ride to the Melbourne CBD, but the people likely to work in the CBD aren't the ones travelling by train haha!

I'd prefer Ballarat to Geelong if purely for an IP. If you're eventually planning on living there, I'd go the reverse. I think for $350k you're looking at the outer suburbs, you may be better off looking at townhouses or apartments in Geelong at that price.