Im looking at investing in the Ballarat area. I have done a fair bit of research and have a property shortlist. Im just seeing if there is anyone on the forum who has investments in Ballarat and anyone with opinons on the area both area wise and investment wise.
cheers
Don't. Just don't.
I invested there last year and it was a complete disaster. I lost money on everything I bought. I even bought a block of land and built on the property and ended up selling it for about $15,000 than it cost me to build. This was despite the builder being a friend of mine and building at a substantially reduced price.
Wait until prices around the country start going up again before even looking there.
Cheers
K
Oops. I ment $15,000 LESS than it cost me to build.
K
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