I wouldn’t trust Sky News in any situation especially in this case as they got an agenda against former Premier Dan Andrew’s and Labor in Victoria that they’re making a big deal out of this. Yes there was a negative number for Melbourne but I can’t imagine it being the same again next report especially when other States are still rising.
A % or two will move from Sydney to Melbourne which should bump that number back up. Thats why Brisbane has had stupid growth, eventually they’ll run out of Sydneysiders… well until the immigration tap is turned off.
This is fucking rubbish.
Firstly I WISH Melbourne drops in price.
However, to claim the reason is due to investors having problems due to development costs, lol
Anyone seen the chart on what % of housing investors spend on new dwellings vs stealing existing property from poor fucking families who just want a place?
Dudes, it's like 90%+ existing dwellings. Investors don't create property, they steal shit from others
Article is scare mongering.
2 main reasons at play.
1. State Gov taxes - Those land taxes on investment properties have hit investors hard especially when your yields are low so most are selling off.
2. Supply - Mel's geography is mostly flat, so it's easier to build out then up. You can almost expand in any direction in Melbourne, so what we're seeing is ALOT of dogboxes starting to pop up in the market where they'd usually be held by investors.
I'm not coz were talking about Melbourne market.
Geography isn't a narrative...
No coincidence rise in listings has come so soon after property taxes been established.
No coincidence the narrative has come out following the price dips, either. Wasn’t long ago people were talking about Melbourne prices going up because of the green belt, the urban demand, gentrification, one of the world’s greatest cities, etc etc.
Watch for it in the next move, .. See the market move and then watch the story settle.
I wouldn’t trust Sky News in any situation especially in this case as they got an agenda against former Premier Dan Andrew’s and Labor in Victoria that they’re making a big deal out of this. Yes there was a negative number for Melbourne but I can’t imagine it being the same again next report especially when other States are still rising.
A % or two will move from Sydney to Melbourne which should bump that number back up. Thats why Brisbane has had stupid growth, eventually they’ll run out of Sydneysiders… well until the immigration tap is turned off.
Just wanted to come in here and say, Fuck Dan Andrews though.
Nah, I haven't bought a place yet so the collapse can't happen until I settle on a place.
Me too
Hahaha ok sky news
This is fucking rubbish. Firstly I WISH Melbourne drops in price. However, to claim the reason is due to investors having problems due to development costs, lol Anyone seen the chart on what % of housing investors spend on new dwellings vs stealing existing property from poor fucking families who just want a place? Dudes, it's like 90%+ existing dwellings. Investors don't create property, they steal shit from others Article is scare mongering.
2 main reasons at play. 1. State Gov taxes - Those land taxes on investment properties have hit investors hard especially when your yields are low so most are selling off. 2. Supply - Mel's geography is mostly flat, so it's easier to build out then up. You can almost expand in any direction in Melbourne, so what we're seeing is ALOT of dogboxes starting to pop up in the market where they'd usually be held by investors.
Next you’re going to tell me that supply is the reason Perth is going up. No,.. Narrative for the move comes after the move, we rationalise it.
I'm not coz were talking about Melbourne market. Geography isn't a narrative... No coincidence rise in listings has come so soon after property taxes been established.
No coincidence the narrative has come out following the price dips, either. Wasn’t long ago people were talking about Melbourne prices going up because of the green belt, the urban demand, gentrification, one of the world’s greatest cities, etc etc. Watch for it in the next move, .. See the market move and then watch the story settle.
500k immigrants per year go burr
bit early for the c word, but, definitely ominous
Time to buy.