Pizza and Property Weekly Slice 178: Could Victoria Be The Next State That's Ready to Boom? - With Arjun Paliwal
Could Victoria Be The Next State That's Ready to Boom?
Every month, we ask our audience to send in a suburb that they'd like analysed, so that our resident data expert and Head of Research at InvestorKit, Arjun Paliwal, can break it apart and let them know whether it's a NO or a GO!
The question for today’s episode was sent in by Brenton, who purchased a block of land in Lucas, a suburb in Ballarat, for $200k, and it's now worth $290k...
And he wants to know what's the best next step?
- Should he sell the land and take the $90K profit?
- Should he wait and see how far the value of the land could rise?
- Or should he build a property and rent it out?
So to find the answer to this question, we'll start with the data and trends of Victoria at a state level, then narrow down to Ballarat and, finally, the suburb of Lucas.
Victoria may have lagged behind a lot of Australia in recent times, but could there be an opportunity just around the corner that you don't want to miss?
And is Ballarat ready for a second wind and another rise in price growth?
It doesn't matter whether you've got an investment property in Victoria, Ballarat, or even Lucas, this is an episode that's full of information for all property investors!
And of course, if you'd like a suburb analysed, click the link below and get in touch! https://pizzaandproperty.mykajabi.com/Listeners-choice
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