Hey all, new to this site ! . I have just bought My 4th property in Ballarat, an absolute beauty. This one i am going to live in and develop. It’s a very centrally located historic four bedroom home on two titles.I paid $395,000 for it, i can get $350pw rent for the house and i can sell or develop the second title.Or i could even turn the house into a bed and breakfast , tourism is the big thing in that town. The Ballarat market so strong strong at the moment that the good properties are sold in 10 minutes!! You really have to be there to get the best buys . I am in Geelong , where my other 3 prpreties are, and i spent 3 months searching . BE Very CAREFUL of the the system of sale up most agents seem to use up there. They advertise astarting price and you have to engage in a dutch auction over the phone with other supposed offers . I reneged on two properties before i eventually bought beacause i suspected the other bids didn’t even exist . I dealt with Sewell in the end who seem to be the best and most honest.
love this site .. BROWNRABBIT