Below is a link to Victorian Median House Prices, (courtesy of Heraldsun newspaper, via Victorian Valuer-General; 1997-2008):

http://www.news.com.au/heraldsun/files/median%20house%20prices%20by%20suburb.pdf

It shows what the median house price was for most towns/cities/suburbs across Victoria, from 1997 to 2007. It also shows the Growth Per Annum, between 1997 -2007.

Dimboola has been 7.2%

Moe, 9.2%

Dimboola has, or did have a lot of rail workers, being a main railway town for the rail to Adelaide, drought is still well and truly rolling through many parts of Victoria, plus what happens to a relatively small town like "Dimmy" if rail services are cut, (eg train drivers). Having said that it does seem to get people wanting to rent there, don't forget Horsham is nearby. It is a catchment area for the region, a relatively thriving, nice little rural city with good infrastructure and services, (eg education, health, shopping).

http://www.hrcc.vic.gov.au/

Check out the 2040 Plan:

http://www.hrcc.vic.gov.au/main.cfm?categoryid=9&contentfile=topic

Why not take a trip up there?

The Wimmera is a nice place to visit if nothing else, and don't forget the Grampians/Gariwerd National Park and Mt Arapiles are nearby too.

Six IP's and some land..controlling/managing over a million dollars worth of real estate. Buying as well as can be, a little add on value, (with some of them), spit and polish, refurbishments and rent them out. Also built a couple.

It has been an incredible journey, far from over yet, and having heaps of fun and meeting great characters.

All the IP's are in regional cities and towns, mainly because opportunity, the deal and my knowledge, (of these places),  is the drawcard.

I never dreamt how much of the world, opportunity and people would open up and be so helpful, just the biggest learning curve of my life.

Costa, this may be of interest.

Was in the local Victorian newspaper and linked to this site; (courtesy Heraldsun):

http://www.news.com.au/heraldsun/files/median%20house%20prices%20by%20suburb.pdf

Is a breakdown of Victorian, metro and rural towns, suburbs and cities of changes in house prices the last decade.

Also, if you would name the few places you might like a little older info, eg 1994 median prices, courtesy of Victrian Valuer General I will list them up here, or PM me…it is in paper form and I can't get the figures up via a link..

2008 !

Time has flown.
 
I still have the Pajero, reliable, relatively economical, (towing vehicle).

Still under warranty, and  it is a nice handling, easy to drive 4wd.

Regional cities have been good investing for us [exhappy]

Are you following the Murray River Mollymonsta!?

http://www.growmilduraregion.com.au

http://www.smedb.com.au

http://www.swanhillonline.com (check out business network)

We also have built and bought in Bendigo, Horsham, would like to build or buy in Warrnambool, Ballarat, Shepparton, Wodonga…they all serve as strong catchment areas for the surrounding towns, have great infrastructure, solid demand for rental properties, and solid growth gains in house prices…especially over the last decade. Apart from that they are really pleasant cities to visit and live in (yes I have spent time in them). A worthy consideration of lifestyle outside the Melbournes/Sydneys and Geelongs of the world.

Sam

Perhaps not so experienced and definitely still learning[exhappy]

Books:

“Rich Dad Poor Dad”…R. Kiyosaki
it was like hello world! there is a different life out there apart from spending and woo hooing every red cent that came into my mitts….I took stock and worked on creating a different mindset. A generalised account on paper of how you think is what you get and are…

“From 0 to 130 Properties in 3.5 Years”….S McKnight
Then I bought this book, an Aussie guy doing it and told his story, good for me because it told practical stuff and what was going through his mind on things….and Ballarat was my backyard…he set by example!

“Building Wealth Story by Story””… Jan Somers
More information, and this time it was like being in a room full of people who had successfully invested in property…yet all differently….so different the people and stories, but the outcome was [biggrin]

Apart from that I have read many other property and wealth creation, self development books, you name it I have probably read it, so much knowledge and experience and inspiration to be gleaned…it is a wonderful time of my life I am having.

Sam

G’day Sweet and Samjames
Horsham Victoria is still providing the odd good return..We have a couple [housing comm homes] ..
1. Purchased $89990 renting @ $140
2. Purch. $90000 rents for $145
We are happy with them. Not all our properties are this type though, have others in other places, [newly constructed}, so we sort of spread things around a bit.
I don’t know if this one is still on the market [assuming it is] but cannot see why this property would not rent for around the $140 ish…it has been on the market for a while, last I heard it was a $95000 asking price.
http://www.wesdavidson.com.au click the $0 to $100,000
click Horsham and then search…should be the only one to come up they have $99,000 on it..
Do your own due diligence on it though, naturally..For our 2 x housing comm homes we got 90% funding. We only have pre approval for $81,000 at moment or we would buy this as well.
Regards

Sam

JTW did you know the word Pajero is apparently the Spanish slang for “wanker”… yep, we have a Wanker too [diesel]… to tow float, which it does superbly.
When Mitsubishi went to release the Pajero in Europe a little bit of name changing occurred.
Nonetheless we happily drive our horses around towed by a Wanker… I mean Pajero.

Sam

Robert
I was just having a saunter around the property sites, [in between writing assignments], found this thread… do you know what I reckon… head south a bit..”Harness Racing Victoria” A really progressive industry, fantastic people from all walks of life, [in my opinion you don’t necessarily need to have had a hand on a horse… there are enough of those folk already]… you can be passionate about an industry and your job but not need to live eat breath it… There must be some diabetics in the lollies and cake industry right? It is structured Executive/Marketing/Finance and Administration/Moonee Valley/Integrity/Planning and Development. Within all that there are the Manangers/Assist. Managers so on …
Vic. is the place to be, no point being the arm or leg, go to the heart of the matter. Did you ever hear of Peter V’Landy’s former head of NSW Harness Racing, controversial guy to many, but sold/worked his product well.
John Anderson is the guy that is CEO at HRV http://www.harness.org.au
Did you know that racing is the third biggest industry in Australia..[next to mining/sheep]…In my humble opinion, the thoroughbred industry … even though it is huge, is like the beautiful big mansion, sooner or later there are too many rooms to utilise, costs a fortune to upkeep and not that many who can afford to be in it….[the industry]…. The greyhounds, doing great, has a market, but in the end… well it ain’t horses!! limited fan base. Harness Racing has the greatest potential for growth/ has challenges to reach that growth, it is the nice 3 b/r house in inner suburbs and rural cities [equivalent],…. much more people can afford it because it has wider financial and family hands on appeal…From what we have heard of you Robert, the fire and passion is there… HRV and Sire of Melton are in the throws of working at establishing/developing a multi million dollar harness racing centre…at Melton… all very exciting… seriously if you have a background in real estate/finance… couldn’t that be used in virtually any industry? Anyway, see what you think, Regards from Pam and Red.

G’day JPD

Lucerne, lucerne, lucerne…
Dryland lucerne, or if you are on irrigation…. irrigation lucerne. We live in a great little dustbowl, just going through a ripping 8 year on/off drought, and the one thing that is still standing, keeping the sahara paddocks green and feed growing for our horses is lucerne. Seriously it has been great for the sandy soil, it is a really hardy plant, quite nutritious for horses, and if you have any reasonable kind of rainfall, [we average 10 inches a year]… but certainly have NOT had anywhere near that precipitation here last 8 years… yet the old lucerne [where it is sown, naturally], is like a noxious weed almost!! We only have to have a heavy dew on it sometimes…your partner will know or know where to get the right sort of lucerne for your land type… sow it in, lightly graze or no grazing for 12 months, to let it get established…[that might stuff up your plans?]… then rotate those beautiful horses around to your hearts content… 2 points; 14 acres does sound a bit small, [could you lease some extra land?], and $25 a week is too cheap, don’t do that to yourselves…
Good luck to you both, and we love people that love horses! Regards, Pam and Red.
P.S Watch out for the little bug things that eat it at a certain stage, chat to an agronomist re; ensuring establishment successfully.