Soldiers Hill - Ballarat Region

[ldc12]

Hi All,

I bought a investment property in Soldiers Hill 2 and a bit years ago.
I bought it in the mid 200s and believe it is now sitting around 300k after a couple of cosmetic changes and capital growth.

I was hoping i could get a few opinions about the area?

Seems to be moving nicely, does anyone else hold in the area?

Thanks

 

[jpcashflow]

Hi

Hi,

I do not have any properties in the area but I have some clients in the central Ballarat part.

What would you like to find out about the area?

 

[ldc12]

Hi Jp,

Thanks for your response.

More getting an idea of where others feel the area is heading.

My property is around 1km from the station, in a nice quite street.
In my opinion its a good long term hold and will only get bigger. 1km will seem quite close to the station and city center.

Just curious what others thinks.

Thanks.

 

[jpcashflow]

Aww no issue, its always good to know what you want our of something

Being close to a station is a good thing but there are other factors to consider:
1) Employment - is the area rising or declining in terms of employment rate?
2) Infrastructure: Is the area developing any further infrastructure
3) Are people moving into the area or moving out of the area?

 

[CHAOS]

Hi Idc12
What has your experience been in the time you have held the IP? What yield are you receiving? Vacancy? Is it a high maintenance property? Did you have to renovate to attract a higher rent, more prospective tenants?
What evidence do you have that it is a good long-term buy and hold?