VIC Ballarat Tip: The Capital of Western Victoria

Seems didn’t sold yet

Frontage yes for sure it’s small

 

@Jin and Juice
It’s on a main busy road and the land content is too small to be an investment worthy property.

This is actually a good one! Put aside some cash for renovations. You’ll do well with this. Be mindful about posting your potential purchases publicly here. Someone else might snatch them up before you realize. Free feel to private message me if you want.

 

I wouldn’t buy any properties (unless they are really cheap) on most part of Hopetoun st, which is located north of Eureka st though. Technically, the whole street is in Ballarat East. The street itself is very narrow and more like a small lane way at the back of other properties facing Victoria st.

 

I agree. It’s Victoria St’s back lane way on the northern side. But that street is in Ballarat East, not Eureka. Eureka starts at Specimen Vale.

 

and I like that to be honest, one street back from the main road, convenient, quiet, far enough from the river/creek
it will only be a matter of time, before the council fixes the actual street,
for a Ballarat East price, id buy in heart beat, a

 

I think you will find the overall end cost of construction will be higher than you expect for approx. 205 m2 home, fully finished, landscaped etc. It also will depend on the quality of finish and inclusions.[/QUOTE]

Can finish it around 220k. So all in 350k. Pricing looks darn good to me.

What would be other members thoughts?
No extra land, no holding costs, less stamp, less land tax and more in rentals.


Regards

 

Wow, as a Melb based investor sniffing around the area for our 1st investment property I have to say thanks to everyone posting on this informative thread.
As I’m Melb based I was thinking of looking for a decent local buyers agent, anybody happy to recommend anyone?
Cheers

 

Save your money, read through this thread and pick @Ko Ko Naing's brain. The 'Rat's not far off from Melbourne, you shouldn't need a BA.

 

Cheers, bit daunting due to the distance but plenty of good info in here.

 

and he doesnt charge as much!

 

I can be found here most of the time. Or Melbourne east side meetup some of the time. Or open to a coffee catchup when I can.

But no, no charge.

 

anyone here renting out their investment property? I'm looking for 4X2 in alfredton . Please PM me.

 

Much appreciated

 

Greetings, decided to come for a wander out to Ballarat this week for a bit of a look.
Just wondering if anyone in the know would have any thoughts on no go areas or areas on the up and up. Be looking for an entry level house anything up to $350k.
Also wondering if someone could fill me in on the rental market currently in Ballarat, oversupply or undersupply?
Many thanks in advance, cheers

 

Ballarat East is probably your go in that price range. Limited supply, on the Melbourne side, convenient location. The general rule is stick to as close to Ballarat CBD as possible.

Rental market definitely in undersupply and has been for the past year.

 

Thx for your reply, after looking up the map yesterday I had Ballarat East on the list to look at. Cheers

 

Definitely undersupply for rental.

We pretty much covered good and bad areas of Ballarat East in a few posts. Yes, Ballarat East is on the up and up.

You could also look at Ballarat North. If you drive around and avoid ex-houso streets, you will see Ballarat North also is a nice, quiet suburb. Prices could be a little bit higher than your budget of 350k for properties with a decent block size. But if you can buy a BMV property in Ballarat North, you will do well there.

 

Thx for your thoughts, the rental situation is pleasing to hear for Investors. One last question, theres a fair bit for sale in sebastopol but it looks like it's starting to get a little far out from the centre of 'Rat. Any thoughts on sebastopol and redan?
Thx again boys.

 

Ive always been a fan of golden point for undervalue
But price wise i think the boat has sailed

I think long term both golden point and east will grow better, but my gut thinks that east may be seen as more desirable

Golden point has high elevation but a bit hilly