450-550K Where would you buy in Victoria?

There a few places that pop up at that price point in regional Victoria.

Where would you buy an IP?

Any hope for places like Hamilton, Portland, Warranmbool greater suburbs in Ballarat, Bendigo etc.

 

Capital city IPs will outperform regional city IPs over time.

Here are some examples near/within your budget:

https://www.realestate.com.au/sold/property-townhouse-vic-glenroy-134453518

https://www.realestate.com.au/sold/property-townhouse-vic-glenroy-133530818

 

If you are after regionals, I’ll go to Wodonga. Rental returns in there are very good, prices are still affordable and rental demand is also good. Wodonga is often overlooked by people who buy houses closer to capitals but if you talk about going further & looking at Ballarat, Portland etc, in my view, Wodonga looks good. With Albury combined, the area is having 100K population and strong employment prospects. In addition, they recently upgraded the central area and it looks great.

 

Wrong thoughts. Anything with demand will appreciate.

Cheers

 

Ballarat has considerably grown. If you are buying something there, try to to keep rsnge as 380k to 420k.

You can have a look at Bendigo but bear in mind how much a suburb has already grown so there is still.some room for growth.

Warnambool is hot and in the middle.or start of boom as we speak. You may be able to capture a short term growth as well.

Regards

 

Have seen Hamilton shoot right up in recent time. Definitely boom period and strong annual growth!!!