Stamp Duty Removal In Victoria! | Melbourne Property Boom?

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[ksaravanakumar]

News few days back 1 in 5 apartment owners sell at loss especially in Melbourne

[RajanMathi]

Why are you using a 2021 graph as a reference in 2024?

[barbe]

Good video.

I was worried this was the "stamp duty is removed, and in its place is a new never ending tax".

[rossjohnstone]

You didn't mention land tax. It's the most draconian in Australia. Effectively have one investment property and you pay land tax

[jgvjgvgvjgvgugh]

Don't sell out to Labors policy's. Do your research!

[PradyVK]

Stamp duty only removed for units, townhouses and apartments for 12 months ..That market is stuffed anyway .Victoria is going nowhere with the way the government coffers are.They have no money to spend on infrastructure, public hospitals, schools etc . The big concern is they can't seem to source the money, they are neck deep in s***.

[MrAphorism]

The new 2024 land tax makes it impossible moving forward, this has been orchestrated but not thought out. No outside investors will come to Victoria and Locals cant afford to maintain home due to the land tax component on investment properties.

[ssjvrn]

hi, it would be great if you cite reports or show snippets of reports to support your assumptions eg. for claim suchforeign investors leaving property vacant in Victoria, that would provide more credence to your analysis and opinion.

[FATy]

Price of the property will increase as a consequence of lower tax...

[raniyako]

Isn't it worrying that the Albanese government is favoring investors during a housing crisis? Rising costs are locking everyday Australians out of home ownership and affordable rent. Shouldn't the focus be on making housing accessible, not boosting investor profits?

[Nowheredotcom]

Question, if this was for NSW and applied to already built homes. Your opinion different ?

[Mindfulthrifter]

2 months ago you were saying Australia is in a housing crisis and two month later you say Melbourne has an oversupply ? please explain

[erkanVs]

Stamp duty has always been applicable on land only for new purchases, this isn't new . I don't understand why theyre recycling old news

[darshirathod]

What about people who already bought 6 months ago do they get refund ?

[wadehocking]

If your staw hat doesn't have fabric under the brim you will still get sunburnt

[rabidsminions]

Why would anyone spend their money on a property in the lockdown capital of the world, with the highest taxes in the country and is the most indebted state in Australia.

[JoeyBlogs]

Building standards on off the plan are the other elephant in the room. The VBA is being replaced. It must have been terrible.

[haivt]

Conclusion: Do not listen to what the politicians said but read the small prints in their statements..

[RedRuby]

First time here and loved the information so I subscribed. Why in this huge country are governments encouraging high rise developments and discouraging house and land. I know it saves them putting in infrastructure but come on seriously- who needs another apartment block and who wants to live in an apartment anyway?

[williamcrossan]

This is for new properties only. And that means there's an incentive for more supply.
Now let's be clear, this is a good thing, as houses ARE supposed to be a place to live.
But most "property bro's" tend to go on the angle that scarcity is what's needed for growth.