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Thanks for that. I am currently looking at a group of 3 units at Mt Helen returning $420pw/price $350k neg. which would appeal to uni students as well. With a cosmetic makeover, and starta/community titling I think they would provide a good long term investment. They are extremely spacious...

Just seeking an opinion on Ballarat for investment. Good rail link to Melb. Agents are clearly targeting the city folk to relocate and commute. New station opened in July to cope with the volume of people commuting to Melb. mixed shopping precinct, and apparently low rental vacancy rates...