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For a sit and hold. I would expect at least 5.5% - 6% plus depreciation benefits.

5.2 % and without a lot Depn benefits is not a great return for Ballarat. At that return it is not a sit and forget investment. If you are going to buy you need to develop (as you are) to make it worth it. So I would be valuing on that bases. Ie what is your likely return to be after...

I am not a big fan of that part of town but I can see it improving as it is very close to town. I would think it must be in good condition to be getting $245 for a 2 bed. My newist unit in Ballarat North gets that. (also 2 bed) I would only buy something like this if I knew I was going...

I do like brown hill. Brown Hill also benefits from being on the Melbourne side of town. I would prefer to stay on the city side of the freeway as past there it is still just developing. Ie just new estates with a lot of room to develop. If you could find one of the last blocks on the...

It might have just been this property but it has really put me off from using him. He did sell it in the end but took him about 3 months.

I would not use Vaughan. It is personal but I think he over priced a property (to get the listing) I wanted to purchase directly from the owner. I could not go there as it was not worth it. But now it means I would not use him to sell any of my properties and I would have to be careful...