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ok, I see. We bought off that agent (the Pleasant Street South one) - found him to be smooth, IYKWIM ;) good luck.

Interesting, this line from your first ad: ''Currently rented to excellent tenants for what could be $240 per week''. Does that mean it's not $240 a week but is under-rented. Why is that? (just a question to be asking - it's curious wording) When we looked in Ballarat just over a year ago, the...

oops ... we have a three-bedroom weatherboard on a decent block in Mount Pleasant. Haven't had it long and the first tenant broke her lease, but it's rented within a week both times it was on the market. Not saying you're wrong, more than maybe we should not consider it a long-term hold :cool:.

Hey, pwinne. Our PM is Hocking Stuart - they came recommended both through this forum and personally (our Melbourne IP is with them too, so they also did a bit of a deal on fees - nothing huge, but a bit of icing on the cake). Turns out our tenant is going to break her lease - three months in...

Hi there, I've just seen your reply :). Funnily enough, we bought that place. We ended up paying $239,000, which is about right for what you say for getting off the asking price. We couldn't get anyone to move much either. It's rented for $250 a week now and (touch wood) all has been good so far.

had an interesting conversation with a Ballarat RE on Saturday. We'd looked at a place he's selling (asking $245,000) on Friday, made an offer of $228,000 on Saturday. Now, I know the offer was well short of the asking, but everyone has to start somewhere, right? I mean, it's all about...

Oops ... too speedy with the typing fingers there :eek:. $225 per week, of course. And since sold, for $225,000 - not to us. Oh well, keep hunting.:rolleyes:

thanks for all that, folks. I'm thinking Ballarat East could indeed be a goer. It certainly fits the budget, and the houses are a bit more structurally tidy that what we saw (and could afford) just north of the railway station last week. That's interesting what you said, Shermy, about Melbourne...

Bringing up an old thread... but we went house-shopping in Ballarat last week. I had been keen on Ballarat North/Soldiers Hill/Black Hill. But I think prices have moved too much now. We don't have much of a budget ($250k) but it would have got us something quite reasonable last year. I think we...

What about Sebastopol then? I know it's a poorer area - and I know at least one person who grew up in Ballarat who says she'd buy there only when hell freezes over. But I know someone else who bought a unit there last year. Paid about $165k and they're getting $180 a week for it - steady, low...

I too am looking quite fondly at Ballarat at the moment. Haven't done heaps of research yet, but initially it seems quite good - plenty of period stock or modern townhouses close to the city/train station that would be either neutral or maybe a teensie bit positively geared. The vacancy rate is...