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Discussion in 'Introductions' started by Paco98, 1st Jun, 2016.

  1. Paco98

    Paco98 Member

    Joined:
    1st Jun, 2016
    Posts:
    8
    Location:
    Melbourne
    Hi everyone,

    We live in Melbourne and have been reading threads in this forum for few weeks now. What a wonderful bunch of people you are, sharing knowledge, ideas, solutions and helping others to reach each individual goals.

    We are at our early 40s. Started investing 5 years ago. Our long term goal is to help our 3 kids to buy their first home (at least by giving them the 20% deposit), living a good retirement and travelling around the world.

    We have 2 IPs: Horsham and Melton, still need to learn a lot in buying and investing. The Horsham IP has moved up a bit and the unit in Melton looks like it stagnated atm.
    Currently looking for 3rd IP at mid 200k price range with about 5% yield and some CG to help us to buy 4th property.
    We have been looking and researching Ballarat North and Wendouree (but away from triangle HC). Still not pretty sure to go ahead with Ballarat. We are puzzled with (very) slow gain prices in Ballarat and I can also see the rental price has declined.

    Maybe you guys can give more info about Ballarat or other areas to look at or strategies input?

    Thanks all.
     
  2. larrylarry

    larrylarry Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    3,502
    Location:
    Sydney
    Welcome! Can't comment on Victoria as I'm still learning but there are a great number of folks here who might be able to comment. Search threads on Melbourne generally.
     
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  3. D.T.

    D.T. Adelaide Property Manager Business Member

    Joined:
    13th Jun, 2015
    Posts:
    5,567
    Location:
    Adelaide, SA
    Hi and welcome :)
     
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  4. Xenia

    Xenia Adelaide Property Manager Business Member

    Joined:
    21st Jun, 2015
    Posts:
    2,342
    Location:
    4/136 The Parade Norwood, South Australia
    No idea about Melb or Ballarat either but good to have you here wonderful Paco
    X
     
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  5. Mumbai

    Mumbai Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    763
    Location:
    Sydney
  6. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,209
    Location:
    At work
    Hi Paco, and welcome!

    Read 'The Millionaire Next Door' and don't give the kids the money. Make them earn it.

    Your successful retirement is more important to them financially then their house deposit ;)

    IMO
     
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  7. Azazel

    Azazel Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    8,113
    Location:
    Brisbane
    Hey @Paco98 , welcome aboard.
    Have you considered somewhere interstate?
     
  8. Paco98

    Paco98 Member

    Joined:
    1st Jun, 2016
    Posts:
    8
    Location:
    Melbourne
    Thanks Bran, I'll find the book and read it.
     
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  9. Paco98

    Paco98 Member

    Joined:
    1st Jun, 2016
    Posts:
    8
    Location:
    Melbourne
    Not at the moment, but may be we'll look interstate for the IP5
     
  10. Paco98

    Paco98 Member

    Joined:
    1st Jun, 2016
    Posts:
    8
    Location:
    Melbourne