Melbourne Property Market Warning

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Financial disclaimer: I am not your financial advisor and the opinions I share in this video are purely my opinions. This is not to be considered personal advice as it is general in nature.

[EstateBuyerAgents-drcp]

Interesting...this video is a classic example of a contrarian "buy" signal. Warren Buffet would say "be greedy when others are fearful and be fearful when others are greedy".

[lengerer]

We need lower property prices, it’s unaffordable for regular people. Be good if other states follow Victoria

[massimilianomarrazzo]

Good video. The only thing that I don't agree with is the outlook for the vacancy rate and rental yield: since investors are fleeing the Melbourne market, there will be fewer properties available for rent, so vacancy rate will drop and rent prices will go up, although maybe the yield will not be so much affected due to the Victoria Government decisions against investors. At some point the Melbourne residents will complain with their Government and some new laws in favor of investors will be finally implemented, the problem is how long this can take ...

[gerrym]

Some comments are INCORRECT, There is massive demand for rental properties in Melbourne, I got three properties and it’s amazing to see the demand…

[siblingworldtv]

Land tax is there in QLD as well, so are other costs such as insurance and council rates.
I compared all states and VIC doesn’t look that bad.

[Ben-zvph]

Who's to say that government will not do the same in every state? Force higher standards accompanied with higher insurance council rates and land tax. Then corporate take over. Just a theory but one to watch over the next 6 years. I'm in and out in two years chasing other assets.

[markserainidis]

Melbourne land tax is slowing down the property market, simple..

[jamesprytz]

Melbourne is set for massive growth, it’s been in the lull, it’s in recovery and gearing up for a comeback.

I love it when experts say just to look at the data, data only shows what has already been - look at Perth 4 years ago, if you brought based on the data you would’ve been called an idiot. Same with Brisbane not too long ago!

Melbourne is now the most populated city in the country, bypassing Sydney with record immigration, housing shortage and a lack of new homes being built. Melbourne is a great city to live with arguably the top job markets in the country for skilled workers.

Melbourne also experienced the largest population growth in the country last year.

Brisbane and Perth have a median house value close to melbourne - clearly Melbourne is undervalued right now. We all know that Melbourne is a city that should have a median value significantly higher than these cities and closer to that of Sydney.

Yes taxes are high and the state is in the most debt - this is all fairly temporary and land tax will probably be removed or reduced as it is hindering rental availability with investors leaving the market.

[JoeyBlogs]

Those property standards will simply send rents through the roof.

[asfn]

Wow look af all the fear. This means time to buy.

[damowantswealth]

I rented in the eastern suburbs - Camberwell & Richmond - on & off for 5yrs. I get frustrated with landlords and agents complaining about minimum standards because in my experience they were never followed by agents/landlords & never enforced by regulators. No place I lived in had adequate heating or cooling according the standard and the Regulatory body would take 9mths to see my complaint.

[fredsalfa]

Thanks for that. A very convincing argument and analysis of why Melbourne is not the place to invest. Almost the opposite story of Perth using the same data

[anthonycoyle]

In the covid lock down people where moving in the regions sites unseen buying anything and prise went up 30% in 18 months now people have work out it do suit then and capital gains in regions is low and can go negative many house have been on the market for over 6 months, bad luck speculators there's always risks in investing and government always wins

[theot]

I don't trust Core Logic data. it contradicts the Valuer General data

[SandyIncellderm]

Thanks for video. However, realistic I want to buy house in Melbourne they usually put 650-750k, and sold at 830k some house good condition $920k what’s happening? Until now I could not find any old house and land 600 m2 - 650-700k around Dandenong area where 30 min -40 min from CBA.

[bobjones]

when the market is never allowed to balance and held up for to long a correction is eventually going to happen

[craiggrocott]

I thought it would have bounced back once Dan Andrews resigned.

[satay]

Good keep vic less attractive to investors. Dwelling is to Iive in not for speculation . Go other state to make money

[apexsmixedlollies]

How about you call a spade a spade. Melbourne prices have dropped nearly 30% since its peak in 2021. Melbourne has CRASHED

[AnnGreen-oe]

Tasmania had minimum standards, years ago. So I knew that it wouldn't be long before other states would do the same.
Tasmania brought those
standards standards