{"id":29154,"date":"2020-11-17T15:16:28","date_gmt":"2020-11-17T02:16:28","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=29154"},"modified":"2020-11-17T15:16:28","modified_gmt":"2020-11-17T02:16:28","slug":"the-clever-strategy-that-paid-off-for-home-buyer","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/the-clever-strategy-that-paid-off-for-home-buyer\/","title":{"rendered":"The clever strategy that paid off for home buyer"},"content":{"rendered":"<p><strong>PHOTO: With a budget of $650,000, Cody wasn\u2019t prepared to spend a dollar more than she considered a property to be worth. Photo: Tara Moore<\/strong><\/p>\n<p class=\"first-para\">For four long years Billie Cody commuted from the house she owned in Bendigo to Ballarat for her civic construction project management job, and from Bendigo to Melbourne to see her partner Mick Lacata. And during those years she paid careful attention as prices in the towns north-west of Melbourne\u2019s CBD began to climb.<\/p>\n<p>\u201cI\u2019d been watching property prices continue to rise over a number of years,\u201d she says. \u201cThe growth in Melbourne was pushing towards the west, starting with a surge in Rockbank and Melton and pushing out to Bacchus Marsh.\u201d<\/p>\n<p>Cody also ays talk of duplicating more of the train line between Melbourne and Ballarat over the next 10 years is likely to place additional pressure on property prices.<\/p>\n<p>\u201cThat will be a gamechanger for the region and I think you\u2019ll see some pretty big surges when that gets closer,\u201d she says. So last year Cody and Lacata decided it was time to buy in Ballarat.<\/p>\n<p>\u2018We wanted to buy a house we could live in for two to three years and eventually rent out with good, long-term capital growth prospects,\u201d Cody says. \u201cI was pretty familiar with the market after being here for four years so I looked at the growth in the best couple of suburbs over the last five years and also the last 12 months.\u201d<\/p>\n<p>READ MORE VIA <a href=\"https:\/\/www.domain.com.au\/advice\/the-clever-strategy-that-paid-off-for-home-buyer-billie-cody-1003858\/?utm_campaign=strap-masthead&amp;utm_source=smh&amp;utm_medium=link&amp;utm_content=pos4&amp;ref=pos1\">DOMAIN<\/a><\/p>\n<h3 class=\"widget-title\"><span class=\"accent-typo\">MOST POPULAR<\/span><\/h3>\n<ul class=\"widgets-list-layout no-grav\">\n<li><a class=\"bump-view\" title=\"Jennifer Hawkins snaps at David 'Kochie' Koch live on-air for calling her a 'property flipper' | WATCH\" 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&rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":29155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478098512,478098521,478113017,478098824,478098746,478098566,478099268,478098542,478098519,478098535,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098705,478098533,478098828,478098509],"class_list":["entry","author-data123nz","post-29154","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-australia","tag-australians","tag-billie-cody","tag-first-home","tag-first-home-buyer","tag-first-home-buyers","tag-home-buyer","tag-home-loans","tag-home-ownership","tag-house-prices","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-agent","tag-real-estate-agents","tag-real-estate-news"],"yoast_head":"<!-- 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