What are your expectations of adequate or sustainable CG over the long term?
Ballarat East: I prefer Ballarat North.the streets/layout/seems better than the east but that's just the few that I've seen.
Wendouree/Lake Gardens: Not on my list. The properties near the lake are too ex as IP for me.
Sebastapol, Redan, Delacombe: not for me at the moment. There are good finds for sure - land size, lots of development, area building up but not for my target tenants I think.
In terms of yield, the ones I've seen so far range from 5 to 5.5 ish%. I ignore the RE spill generally and think of the lowest rent possible against the highest price paid to gauge my pain threshold. but in a reverse situation, if a property has been on the market for a while. You can get it for say 230k for a 3 bedroom that could rent out for 270 a week, not bad?
I didn't use a BA in the region so can't rec one. But I can recommend the Beechworth Bakery for snack stops. If you stroll in there in your pyjamas on Sat mornin, you get a $5 voucher to spend on anything u want. Your partner will get really embarassed but it is really cool.
