IP in Ballarat?

Discussion in 'Where to Buy' started by Geoffhunt, 29th Jul, 2019.

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  1. Geoffhunt

    Geoffhunt New Member

    Joined:
    27th Jul, 2019
    Posts:
    2
    Location:
    Sydney
    Hi All,

    Have been watching the forum for a while now. A newbie here, thinking of buying my 1st IP. Max 450-550k, with decent land area . Shortlisted a few area- Geelong , Werribee etc., Geelong has peaked and don't think I can afford a decent IP in Geelong or Melbourne. What is everyone's thoughts on Ballarat or any other place which could get me a decent rental yield and positive cash flow.
     
  2. WellKnow

    WellKnow Well-Known Member

    Joined:
    31st Mar, 2017
    Posts:
    79
    Location:
    Melbourne
    Ballarat is not that far off where Geelong is at. Any particular reason why you are looking in Vic?
     
  3. Geoffhunt

    Geoffhunt New Member

    Joined:
    27th Jul, 2019
    Posts:
    2
    Location:
    Sydney
    Hi WellKnow,

    There is no particular reason that I chose Vic ( I am from Wodonga) , open to suggestions of other suburbs and states ( not WA and QLD, bit far )which could give me a decent rental yield, doesn't put me in a negative cash flow and will also have a decent growth over 7-8 years (unlike Wodonga)