Is It Too Early To Buy in Melbourne in 2024? Let's Find Out from Our Expert Panel!
Is It Too Early To Buy in Melbourne in 2024? Let's Find Out from Our Expert Panel!
Investing in Melbourne 2024! Everything you need to know from our Expert Panel!
Is it too early to get into the Melbourne property market?
The investing community seems split on the Melbourne property market ATM…
Instead of simply getting an opinion on whether it’s a good move or not, we’ve assembled an expert panel to unpack their…
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Just the podcast im glad i watched the general vibe i took away from this is Vic is terrible to invest in if yourre new/not cashed up and need the cashflow. If yourre a seasoned investor/have heaps of disposable income then buy and hold for the growth which may or may not come as quick as other parts of Aus. Ill keep my focus to NSW and WA
If Melbourne Labour government with their unrealistic expectations and control don’t support overseas wealthy property investors mean it will affect the economy, your jobs and businesses. You need Liberal government first in power for wealth, businesses and job to grow Young Australian need first full time job to buy mean government need to support overseas investors who can deliver for Australia prosperity to grow. Trade wars destroy the economy
More to fall labor stuffed Australians
You guys are talking out you're arse.
Most people rely on income to pay mortgages for 30years
Wages can't keep going up, cost. Of living will continue to climb.
The gvt touch fair work to f…k employees wages.
If mortgages 1200, what jobs pay that!!!!
You guys smoking cow sh.ts
Fantastic episode!
Melbourne has gone to complete shit!!! 😂
Do not buy there
Negative gearing should be targeted to be cash flow positive. I.e. the biggest component should come from depreciation whch means it is most effective on new builds in my view. Also you guys didnt mention the impact of capital gains tax, nor the impact of succession planning. i.e. you have stamp duty to get the property out of the Trust if you distribute as part of tax and inheritance tax comes in as well.
😂 investing in Melbourne is stupid bug time. 1) you now have to renovate to ensure thermal compliance 2) you have to pay for min rental standards inspections 3) you will have to pay annual smoke detector and gas/electricity inspections – they will always find something that needs fixing (which they will gladly do for a price) 4) you have vcat completely behind the tenant – and be penalized in their favour for the slightest thing 5) you wont be able to get rid of a bad tenant 6) you have land tax to pay for c19 for the next 10yrs (but like the german reunification take from 91…its still being charged). 7) insurance especially for strata have gone up exponentially 8) new dev council planning have introduced unbelievable costs with demands for all sorts of esd , landscaping , removal of gas, etc. The commis in victoria have absolutely ruined what was the best state in Australia
Avoid VICTORIA! 😠
so, as non resident foreigner, which city should I start buying a house in Australia? Gold Coast?
Haha another Melbourne Property Market promoter the boom is over Bro 😂😂😂.
Fantastic episode, I need an accountant like Jeremy
Take the land tax and help first home buyers get into the market i say
Great information. thanks for sharing.
In Melbourne i would Only Buy in the Frankston Activity plan area,.. do your due diligence look into it then look at the prices of the properties in that area. You would be crazy to sleep on it!
Big risk to put money in Aus look else where like Dubai
Hi Todd, can you please do one episode comparing same property profile e.g same size land, similar layout but in different states (vic/perth/qld….. )
As you said some states has higher cost in other areas vs Mel land tax. If we can compare all then have a better picture how bad Mel is 😅 thank you
It’s hard to become Meriton Harry in 30-40 years..BUT it’s easy to become Meriton Harry over 150years. Human brains 🧠are so small they only think about the next 5years…they can’t even imagine outside solar system, it would take 230million years for 1 round trip around the Milky Way galaxy!! Most Buyer Agents tell buy / sell make money get rich…BUY: Perth for $300,000 sell for $600,000 double your money…I tell my kids!! BUY: Perth for $48,000 Re-develop for 3million..I don’t care if your grandpa bought it!! Your dad bought it!! OR you buy it!! If the Property doesn’t have development potential..it’s NOT in our portfolio 💼 of 178 properties built from (1956 to 2024) Imagine Albert Einstein could put his knowledge into a USB drive and pass down to his kids!! as..his body about to fail. Property investment / Property Management / Property Development … finally FUND Management (REITS) like this!! Your grandpa 👴did old school farm sales … Your dad did 1980s Property Development, Property Management YOU are going to fund management of 178 plus properties. You have to live and breed property if you want to get rich from it OR try your luck being the next AMAZON BOSS!!!!!!!!!!!!!
Who cares about the taxes, lending variables and what have you. Some buildings are disasters.
Remember what happened at the Mascot towers. Home owners were bankrupted and there's more property disasters coming.
Propaganda sponsored by property developers. Ordinary property developers at that.
Great video, I agree with Max on Melbourne vs Sydney prices and how the growth depends on different factors.
Melbourne is a crap hole now. More like Mumbai now .
part of the video was very insightful with well thought out info… part of it pure spruiking nonsense…always comes down to sifting through the data & facts and eliminate the BS and FOMO crap.
Great video ! Random thing I noticed (and speaks to the virtue of humility) – Jeremy’s holding a “4 for $10 pen” on a podcast (time stamp around 28min). The guy probably owns a mid 8-figure asset portfolio. Love it ! 👏
My property manager is the pits. She seems more like a renters advocate. Please do a show on how to pick a good one.
50K Land tax where are they getting this from? https://www.e-business.sro.vic.gov.au/calculators/land-tax
Brilliant, I'm glad I stumbled across this. Has raised quite a few questions especially as I'm a Melbourne local… prices seem unattainable and on the ellaverage income doesn't matter what you have saved or earn there is only so much a bank will lend you and you've also got to be comfortable in servicing also within your means. Thank you lots of food for thought, I'm just a little concerned for me personally as I have champagne taste on a beer salary… at the moment I can look but not touch!. I'll keep watching as you and the guests are great
comprehensive & useful content- great job
I'm getting in Melbourne now. Bought 2 houses at amazing value. It's definitely a matter of when not if. All experts and projections say capital growth is more important than yield so I'm not so worried about poor yield.
As an investor you need value , I look at free standing houses at 750k in Melb and you have to go to outer estates in Wallan, Truganina , Melton for 650k ,Clyde etc . All of them have one thing in common ….endless land being released and no infrastructure whatsoever . You move to good established suburbs and you need to spend at least a million dollars .Yields and the taxes are just not worth it and with the state government not having enough money for public hospitals , I wouldn't bank on them to spend on infrastructure in the next 2 to 3 years .So I wouldn't touch Melb with a 10 foot pole unless you have a million plus dollars to spend on an established suburb and be heavily negatively geared .