Cold and unpredictable weather in Melbourne (Victoria). Rates and taxes are high. In VIC, all property investors MUST pay land tax because the land tax threshold is $50K per property. NSW has a threshold of about $1M per property, per person. In QLD, it's about $600K. Being a property investor has a lot of expenses. The last thing you want to pay is land tax. So, if each person of a couple can buy in NSW followed by QLD (i.e. 1 per person, per state x 2) x 2 people = 4 properties), in addition to your family home which has no land tax, why would you buy in VIC? No way! Therefore, less demand for VIC properties = lower prices. This is due to the laws of your local state government set by Dan Andrews.
@@malkov0001 Hence the flood of investor money transferring from VIC into WA, NSW, QLD and SA. But: 1) How soon before Melbourne's flat prices become the new bargain and new investing aims back at (eg.)
Perth doesn’t have a population of 3 million. More like 2.2 million. That’s quite a difference. Brisbane is about 2.7 million. It’s very important to get your facts correct.
@@realcoachalex Yes. Perth is just under 2.2million. Western Australia as a state is just under 3million. Perth isn’t WA. If Perth had 3 million that would make it Australia’s 3rd largest city, which it isn’t.
Yes, we choose the best properties for our VISION members, arrange finance, and come up with a solid investment plan for the next 15 years with a goal of financial freedom and early retirement.
I believe it’s because too many migrants have arrived in Melbourne and Aussies do not really like multiculturalism. This is also a factor for prices not rising as expected.
Why should they go up. A house is a place to live. Too many Asians buying with expectations of price rises like a business. Good luck with that. Just look at China and Canada to see what will happen soon!
It doesn’t matter. Property investors make the easiest money in Australia and a lot of people want to be investors. The gap between the poor and rich will widen as time goes on. What matters is which team you want to join.
@@realcoachalex This is the big difference between your culture and the West. One country and one team, not haves and have-nots that lead to crime, drugs, and violence like in the USA, Canada, and the UK. Then we'll see who wants to buy property in an area or country like that. And of course, the property collapses in China should serve as a warning: prices don't just keep going up forever. That's what they thought in China and now they're all crying trapped in a jail of debt.
I'm not a Victorian, actually from SA but you lost me with your political bias mate. This state took the burden during covid protecting the rest of the country when NSW allowed infections to spread. The then Federal LNP govt withheld $ from Vic through that time in favour of NSW. This resulted in a budget blowout in Vic. I suggest you stick to economics in the future.
I'm a Victorian, and I can say the problem is not the pandemic debt, it's the big build (billed). CFMEU controls the Labour government and corrupted government fat cats.
![A mass exodus of Melbourne investors and businesses! Are you buying a home or debt? [APS040]](http://i.ytimg.com/vi/fI4XOeng-94/mqdefault.jpg)
![5 Reasons Why Australians Love Family Trusts! Why You Should (Not) Buy A Property With it? [024]](/img/1.gif)
do we really want more unaffordable houses? no I don't think so. thank you Melbourne doing your bit for people who just want a roof over their head
Since when the house affordability became a bad thing? Well done Melbourne.
Cold and unpredictable weather in Melbourne (Victoria). Rates and taxes are high. In VIC, all property investors MUST pay land tax because the land tax threshold is $50K per property. NSW has a threshold of about $1M per property, per person. In QLD, it's about $600K.
Being a property investor has a lot of expenses. The last thing you want to pay is land tax. So, if each person of a couple can buy in NSW followed by QLD (i.e. 1 per person, per state x 2) x 2 people = 4 properties), in addition to your family home which has no land tax, why would you buy in VIC? No way! Therefore, less demand for VIC properties = lower prices. This is due to the laws of your local state government set by Dan Andrews.
@@malkov0001
Hence the flood of investor money transferring from VIC into WA, NSW, QLD and SA.
But:
1) How soon before Melbourne's flat prices become the new bargain and new investing aims back at (eg.)
@@thecaelin which suburb you reckon for 500k buying to live in ?
Apparently Melbourne is Australia's largest city by population now that Melton is included into Melbourne official Population.
Melbourne is an example of what's coming to all Australian cities
Sad state of affairs. 😡
@jack12343
Hearin' what your putin' down.
I don't live in a capital city and never ever will.
I grew up in Brisbane...
Great session! Thanks Alex.
There's a lot of valuable information in here! Thanks Alex!
Perth doesn’t have a population of 3 million. More like 2.2 million. That’s quite a difference. Brisbane is about 2.7 million. It’s very important to get your facts correct.
Did you check ABS?
@@realcoachalex Yes. Perth is just under 2.2million. Western Australia as a state is just under 3million. Perth isn’t WA. If Perth had 3 million that would make it Australia’s 3rd largest city, which it isn’t.
Shut up dude. Let house prices chill for a bit ffs.
If you own a house, do you still want the price to ‘chill’?
@@realcoachalexI own 5 homes and yes I want house prices to chill.
Don’t be selfish, think of future generations.
16:50 why buy the "most expensive" house you can afford ?
More expensive houses generally performs better by % than the cheap ones. Unless it is a cheap one in a new suburb being developed.
Great Info. ThankYou 🙏
Up up up ….Bursts
Do you have any suburbs to purchase in Brisbane?
Yes, we choose the best properties for our VISION members, arrange finance, and come up with a solid investment plan for the next 15 years with a goal of financial freedom and early retirement.
@@realcoachalex how much do you charge for 600k purchase?? Upfront and settle fee?
overpriced property market is a total bubble and it's very hard to keep there . The storm is been delayed
I believe it’s because too many migrants have arrived in Melbourne and Aussies do not really like multiculturalism. This is also a factor for prices not rising as expected.
Approvals are up, but builds are not. Current volume is high but will be mopped up once interest rates switch direction. Early bird gets the worm!
Melbourne is well over priced, shit holes in the burbs are $600,000, no wonder prices arnt going up
Why should they go up. A house is a place to live. Too many Asians buying with expectations of price rises like a business. Good luck with that. Just look at China and Canada to see what will happen soon!
It doesn’t matter. Property investors make the easiest money in Australia and a lot of people want to be investors. The gap between the poor and rich will widen as time goes on. What matters is which team you want to join.
@@realcoachalex This is the big difference between your culture and the West. One country and one team, not haves and have-nots that lead to crime, drugs, and violence like in the USA, Canada, and the UK. Then we'll see who wants to buy property in an area or country like that. And of course, the property collapses in China should serve as a warning: prices don't just keep going up forever. That's what they thought in China and now they're all crying trapped in a jail of debt.
Lots being said, yet nothing useful
I’m glad I wasted a lot of your life.
no one wants to live in melbourne if your down there you may as well just go to tassie
Yea only about 5million ppl live in Victoria 😂
I'm not a Victorian, actually from SA but you lost me with your political bias mate. This state took the burden during covid protecting the rest of the country when NSW allowed infections to spread. The then Federal LNP govt withheld $ from Vic through that time in favour of NSW. This resulted in a budget blowout in Vic. I suggest you stick to economics in the future.
I'm a Victorian, and I can say the problem is not the pandemic debt, it's the big build (billed). CFMEU controls the Labour government and corrupted government fat cats.