you echo my sentiments. we have record savings underway atm and a big factor in a property slowdown. This is good however as the banks will shore their overseas debt(s) with these savings? (no expert here but if it was my money thats what I woulkd do)
I have gone into Ballarat with 5 buys in 24 months and have seen good stable growth and rent rises as Melbourne suburbs peaked.
A regional rail link, new bypass (deer park) and continued growth in the major regional centres within 90 mins of Melbourne CBD will continue IMHO.
one of the more recent ballarat purchase(s) of 240k, loan of 200k with a 300 p/week rent.
I'd live in Ballarat near the lake, great private and public schools and 90 mins to the surfcoast, and my govnut employer has an office there that I can move to, but the missus wont have a bar of it.
