Areas we are looking at are Ballarat, Warrnambool, Dennington, Portland.
Any input would be appreciated. Thanks
For these areas, an update from Victorian Valuer General stats 2011, (I think we may have previously posted 2005, 2008, 2010.)
Ballarat has averaged around the 9% growth P/A for the
decade, 2001 to 2011.
Dennington: 12%
Portland: 9.9%
Warnnambool: 7.9%
Those averaged out growth P/A figures are not something I ever based my investing on solely, (I didn't even know about these stats then). Rather, I did a lot of due diligence research on places, quite a bit of it on the ground in the cities, even though I had grown up, spent time living in some of them, when it came to investing I wanted to accrue different kind of information, eg the different surburbs, the likelihood of my IP's rental occupancy, the cost of places, attending auctions, what are places selling for, what are they fetching rent wise, cost of the land blocks, cost of building, (if I wanted to build), what possible returns I might be able to get, (ie rent), what was happening economy wise, industry wise within the places, how was the population holding up? Etc...
Pickle Pickle's Ballarat Thread commenced November 2009. It gets updated at times, nice to have a constructed view of the places over time.
Hope that helps some..