Geelong West

Yep.

And what have we got? Geelong West.

Geelong West.

Geelong West is an interesting one because a lot of people have been choosing to take their properties to market via auction campaign.

Nearly everybody else, and they're having the worst results.

But there has been a lot of extra properties come on the market in Geelong West than was before.

But that could be, Geelong West traditionally, a bit more linked to Melbourne markets as well.

So people, you know, fearing the worst, maybe putting their properties on the market.

Oh, sorry, I lie.

I lived in Geelong West for about a year.

Yeah.

Well, in retail there's always been what you call the sunny side and the money side.

Right.

And this part of Packington Street, which is in Geelong West, it does have a money end and a not so money end.

Yeah, okay, yes.

When you go further down there or further north.

We had a quick and fast start too.

Under-17s were beaten in the last over by Geelong West.

Unlucky.

Under 15, Every were beaten by North Geelong.

There's no BS.

Where am I buying? And it's quite timely because we're just about to settle on a place in Geelong West.

You call it regional Victoria, but it's a metropolitan regional or communal regional.

For those that don't know where Geelong is, it's about an hour down the road as we record here in Melbourne.

So we've bought well.

That is a really good, really good buy price.

And Geelong West, such a high socioeconomic area, high demand.

Is it a weather board?

That attracts a lot of first-home buyers and a lot of young families, so a lot of gentrification's happening in there now.

It's, it's getting about as much interest as what Geelong West did.

So Geelong West and Newcomb actually offer the same lifestyle but a different price point.

Mm.

It's done-

And the bottom two points are house and location.

So a great example is if location is really important, you want to live in Newtown or Geelong West and you want to be close to Paco Street.

But depending on your budget, it will be restrictive of what you can actually buy.

So for example, if you've got $800, you have to buy a smaller property or potentially a unit.

So no, that was the end of me.

But I did play for Geelong West.

So when I arrived in Geelong-

Yeah

Play sport

... immersed in the local culture is to join a cricket team and play cricket in the off-season.

So I did play a season for Geelong West as a keeper just to... because I, I wanted to sort of, um, get to know the town a little bit, get to know the locals a little bit.

So that was a bit of fun playing for Geelong West for a year, but I wasn't that good a cricketer.

in it pretty late in the cycle.

And then the Geelong West home, which beautiful looking picture here on prop stack, 810K.

That was purchased, it looks like the first asset they'd purchased.

So it might've been their principal place, I'd imagine at one point.

We didn't just go out there and sell three properties out of their portfolio and then buy three.

This planning, so if we fast forward to what actually took place, so the listeners can understand, this portfolio over the next three years, we did sell Packingham first, then Ballarat and Bendigo, and we replaced that with a blue chip asset in Perth, a blue chip asset in Queensland, and a B-grade unit, villa unit, in Perth as well, which has done tremendously well.

So in summary, sold three Victorian assets, kept one in Geelong West and bought one in Queensland, two in Perth.

That's what took place.