Melbourne is going to continue to remain flat until all the investors, who do not want to accept the cost settings (tax, duties, regulations) sell or washout. This is likely to take another 6-12 months. After which the full force of the last few years, rent increases, wage increase population increases and most importantly rate cuts land, after which Melbourne is going to rise very rapidly. If I was to guess 25-30% over the next five years would not be surprising.
Thanks @denistepavac2365 Agreed that fringe investors are exiting the Melb market. As one of the poorest performing markets in the country, it present opportunity. Will you be too early to wrong to invest in Melb - only time will tell. The rate cut effect will be interesting to see as borrowing capacity's increase across the country.
@@jamesm6341 property generates so much revenue for state government (stamp duty) and the Vic gov't got greedy and doubled down on taxing even more investors - that's likely the formula they are following to build the bank account to pay for essential infrastructure. Victorian property presents an opportunity but investors are reluctant given the gov't is so adamant about taxing the investor
Your channel has great quality content, but it isn't reaching the right audience due to SEO issues. You should focus on improving your SEO to build a larger fan base. Thanks!
thanks Dan Andrews
Melbourne is going to continue to remain flat until all the investors, who do not want to accept the cost settings (tax, duties, regulations) sell or washout. This is likely to take another 6-12 months. After which the full force of the last few years, rent increases, wage increase population increases and most importantly rate cuts land, after which Melbourne is going to rise very rapidly. If I was to guess 25-30% over the next five years would not be surprising.
Thanks @denistepavac2365
Agreed that fringe investors are exiting the Melb market. As one of the poorest performing markets in the country, it present opportunity. Will you be too early to wrong to invest in Melb - only time will tell. The rate cut effect will be interesting to see as borrowing capacity's increase across the country.
agreed, however vic need new hospitals and public infrastructure etc, with vic govt in do much debt how can this happen?
@@jamesm6341 property generates so much revenue for state government (stamp duty) and the Vic gov't got greedy and doubled down on taxing even more investors - that's likely the formula they are following to build the bank account to pay for essential infrastructure. Victorian property presents an opportunity but investors are reluctant given the gov't is so adamant about taxing the investor
Your channel has great quality content, but it isn't reaching the right audience due to SEO issues. You should focus on improving your SEO to build a larger fan base. Thanks!