has any one bought IP in ballarat in the last 3 months

[penti99]

Hi guys

its been a while

I am on my search but a bit busy with the job

just wondering to see if any one has bought IP in ballarat

in the last 3 months

I have checked re sites --- strangely there were very since I have last checked ( 3 weeks ago)

the market seems to very hot

any one has bought or looking to in near future

waiting for your response

thanks guys

s

 

[pwinne]

yep, bought 3 this year

2 in longley st, alfredton
1 in creswick rd

all stunners and neutrally geared on 10% deposit, no work done.

 

[Tuppence]

We're about to pay our deposit and go unconditional on a place in Mount Pleasant (assuming it all works out - have a few hassles from the vendor's end, but anyhoo ...).
Not sure we'll get pwinne's figures, but it'll be ok. Land size is good, corner block, close to Sturt Street - and about $70,000 dearer than it would have been five years ago, according to our (local) conveyancer.

 

[penti99]

good deals

hi tuppence

good deals

any one else ...

Hi guys

its been a while

I am on my search but a bit busy with the job

just wondering to see if any one has bought IP in ballarat

in the last 3 months

I have checked re sites --- strangely there were very since I have last checked ( 3 weeks ago)

the market seems to very hot

any one has bought or looking to in near future

waiting for your response

thanks guys

s

yep, bought 3 this year

2 in longley st, alfredton
1 in creswick rd

all stunners and neutrally geared on 10% deposit, no work done.

We're about to pay our deposit and go unconditional on a place in Mount Pleasant (assuming it all works out - have a few hassles from the vendor's end, but anyhoo ...).
Not sure we'll get pwinne's figures, but it'll be ok. Land size is good, corner block, close to Sturt Street - and about $70,000 dearer than it would have been five years ago, according to our (local) conveyancer.

 

[VYBerlinaV8]

A large IT company with a presence in Ballarat is looking to increase that presence.

 

[penti99]

any one else on ballarat - good and bad areas

any one local
can comment on

good areas

areas to avoid in ballarat

thanks
s

 

[pwinne]

any one local
can comment on

good areas

areas to avoid in ballarat

thanks
s

Well, they say sepastabol (the suburb of) is the 'rough' part of town. Having said that returns are good there.

The areas west of gillies street (near wendoree station) is apparently a no-go zone.

The rest of Ballarat seems OK. But I worked there a lot last year and was able to study and invest!

 

[penti99]

how to judge ip's

hi pwinne

thanks for that

any comments on the following areas

Redan
soldiers hill
b central
bakery hill
golden point

basically looking for IP under 200 ( can stretch a bit more )

to gain entry into market ... within my budget

so looking for a suburb to be close to all amenities

cannot decide on the areas - as I don't know about them

and have seen the below IP's but confused

1)http://www.realestate.com.au/property-house-vic-ballarat-107040745

location seems to be very good - any comments on the area - not too many visits as well - what does that indicate ??/

2)http://www.realestate.com.au/property-house-vic-ballarat-106803522

the above one is been there for some time - yeild seems to be good for the price - no takers???

so tyring to learn some basics on how to narrow my search and what to look and what to avoid ???

ur advice will be greatly appreciated

thanks
sri

 

[wobbycarly]

any comments on the following areas

Redan
soldiers hill
b central
bakery hill
golden point
*snip*
so looking for a suburb to be close to all amenities

cannot decide on the areas - as I don't know about them

and have seen the below IP's but confused
*snip

Maybe try the following:
- use Google StreetView to get a bit of a preview and an idea.
- then go and drive around and walk around the areas.

You will find that generally the 'bad' areas will stand out; unmown lawns, cars on lawns with no wheels, etc.

 

[CuttingHorseFan]

Yep. The market is running hot. I got in when it was not sexy 12months ago ;-)
most places are good to buy in Ballarat including misconceptions re places like Sebas. which are going through re-invigoration
It's my favourite spot to invest in OZ. Tho the whole area from Bendigo/Castlemaine/Daylesford/Ballarat is a no brainer to make good money with a small capital base.

 

[tom1000000]

yep, bought 3 this year

2 in longley st, alfredton
1 in creswick rd

all stunners and neutrally geared on 10% deposit, no work done.

Hi pwinne

Please provide more details about your excellent purchases.
Purchase price?
House or unit?
Size of land (if applicable)?
Size of house/unit?
Rental Income?
etc.

Thank you.

 

[pwinne]

Hi pwinne

Please provide more details about your excellent purchases.
Purchase price?
House or unit?
Size of land (if applicable)?
Size of house/unit?
Rental Income?
etc.

Thank you.

Hi Tom,

Have been away from the forum.

OK

2 x 1 bedders in alfredton for 112k each (old but in great condition): 135.00 p/week rent
1 x 3 bed (2 bath) townhouse in central Ballarat 235k: 290 p/week rent (new place)

all on smallish plots of land.

and looking at another after 21st Jan when I get some more cash$ and perhaps something in brown hill that is sub-dividable.

I'm also doing a sub-divide in Dandenong which was delayed otherwise I would have bought more.

Cheers