Finally settlement happened last week. Now it’s on the market for rent. Hopefully everything goes well in future. I am planning to build a unit at the back. probably will start early next year.

Thanks guys for your help.

Thanks Guys,

Now paper works are started and once received I will be talking to my solicitor before signing. Hopefully everything goes well.

Thanks NewGuy,

Vendor accepted my offer for 210K. I am going to Ballarat tomorrow to look at the area again and officially sign the contract. Today I found this news and that worries me now. Buying IP is not easy :(

http://www.thecourier.com.au/story/2363556/ballarat-east-fire-destroys-vacant-house/

I haven’t put an official offer. only in email. Do you think i have to put an official offer. Today agent called me and said someone else might be interested in this property as well.

Thanks JcM and Jpcashflow,

Vendor is asking 220K, Following conversation going between me and agent

– I email agent I want to put an offer for 205K with 60 day settlement
– Agent replied back and said vendor will accept $215K with a 30 day settlement”
– I replied and said can’t go above 210K.
– agent replied again and said Vendor vendor accepts…[Read more]

Thanks Guys. Sorry for the miss communication. I am travelling to Ballarat basically every week. I had a look at the one property which in Ballarat East south of Eureka street. I drove around this place few times and can’t see anything odd happening in this area. I wanted to see any investors had any experience in this area?

Vendor didn’t accept…[Read more]

Thanks Guys

I am looking a property in Ballarat east south of eureka street. I think I read some forum (Can’t remember where) to stay away from south of eureka street, but didn’t get any answer why. I also noticed price is bit higher in north of eureka street when compare to south. Can you please advice what’s happening on south of eureka street.…[Read more]