Stamp Duty Removal In Victoria! | Melbourne Property Boom?

[@ksaravanakumar8042]

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

[@fishingphill]

I can't see where you get that there's an oversupply of rentals in Melbourne? There's no data at all that I can find. Yes, the rental vacancy rate has risen but It's currently at 1.67% up .33 of one percent from September 2023 but this is still a very tight market. Yes it might be the second highest in the capital cities but there's no oversupply. I think 3% is considered a healthy rental market and it's easy under that in the owners favour. Happy to see the data you have that shows different but if it doesn't you really shouldn't be saying there's an oversupply. JMO

[@rossjohnstone2311]

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

[@lee.j7077]

How much is the land tax?

[@Dani-jq6db]

💯 correct

[@ShanAF0061]

lol, you should invest in nothing more than a bag of hot dogs.

[@andrewf3346]

Land tax threshold was reduced last year meaning most property investers even of apartments need to help pay for Dan's debt. If you own more than one investment property the land tax tripled last year.

[@rabidsminions2079]

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.

[@slug.racing]

Victoria could be free and I'd buy elsewhere. It's been a shithole for 20 years.

[@barbe6503]

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

[@schumanhuman]

That wold be much better, an annual land tax supresses speculation and prices but unlike stamp duty doesn't hit transactions.

[@slug.racing]

@@schumanhuman what are you nuts. You prefer a never ending tax ?? You must be a Victorian..

[@haivt508]

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

[@wadehocking1395]

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

[@DarkEternai]

When does this come into affect?

[@1FAT120y]

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

[@mrhenry3437]

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

[@Nowheredotcom]

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

[@darshirathod1213]

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

[@Jake.steve3658]

Boom my ase

[@williamcrossan9333]

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.

[@thomastji]

Pass the bucks to developers. How predictacable.

[@roxychic367]

This is helping developers this not really for the people’s

[@ritikasoni1485]

I was waiting for this video 😊

[@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***.

[@williamcrossan9333]

3:06: I think it's important to understand that most people have to get stuck. If 37% of people rent, there simply isn't the numbers there to allow everyone to be successful. Indeed that math indicates that most people can have either zero or one property on average! I hardly think that's sad! People can invest in shares, classic cars, simply save money, or buy an investment property. Or go to the beach. That's free!

[@sarithudumalagala1954]

Finally after years im one of the first here

[@Juliebakker-kz8gdt]

I always look up your videos for update! I applaud the no-nonsense approach you take to the news and the markets, A lot has changed and that's about it but the truth is that I don't even care much about the bull or bear market anymore because Elizabeth McCauley gat me covered while I'm doing comfortable. 15k-20k every week and I'm still counting thanks to her❤️

[@Juliebakker-kz8gdt]

She's on tele grams

[@Juliebakker-kz8gdt]

@LizyMcCauley That's her user name

[@Juliebakker-kz8gdt]

She'll definitely guide you