Bingo! Capital growth versus positive cash flow. The interesting thing here in Melbourne is that neither are happening right now! If you exclude Hobart, Melb is the only mainland city going backwards as far as median prices are concerned. But the real kick to the teeth for property investors is that should the LNP take office, leader of the opposition John Pesutto recently announced that there would be no reprieve from the current crippling Land Tax. So my question now is as a property investor, what's the point of voting for the Coalition with their narrative sounding something like "we can't afford Land Tax concessions because of the debt we inherited from the ALP". Exit plan therefore doesn't change - I will continue the sell off.
@ruili962 ай бұрын
Hi Niro, I am a property investor and I have been following your channel for a while. Your contents are good but they are getting a bit stale. It is always property going up 20% in 6 month or something that incredible. Do you have any stories where a client may have lost money and what lesson we can learn from that?
@markovasil16082 ай бұрын
Lol Melbourne has dropped 10% past 6 months. Salesman doesn’t make money telling the truth