Labour damaged Victoria really bad! Not just investor, lots of past 3-4 years buyers are underwater if you take inflation into account! Also that is the reason of interstate surge!
Agree...Melb market is cooked!. Big losses all round with houses, especially apartments. Properties purchased last few years and resold are usually at a loss. Won't change anytime soon, maybe 2-3 years for any uplift as investors will continue in droves to invest interstate pushing those prices even higher while Melb will stagnate for years. Its not interest rates, its higher land taxes, compliance issues and more taxes & compliance coming inbound soon.
@@MartyMcFly888 agree!Adelaide,Perth,Brisbane all rising as Victorian investors money is flowing in their states! Also hard time for every single home owner(not just investors)in Victoria as they’re slugged with Taxes with little to no growth in their owner occupiers as well! Unless the state govt reverse their reforms- its will be very less growth from here and too bad for renters as well!
@@LB-xo5so The SRO are agressively pursuing outstanding landtaxes from investors and if no payment is made within a timeframe they are demanding payment from Banks/Financial institutions under the law with mortgage agreements which inturn is puting investor loans in arrears and ending in defaults. This is happening to thousands of investors in Victoria at the moment!.
Another factor to consider in this area is that Laverton used to be the edge of the south western suburbs and the housing stock is much older than Wyndham. Probably at least 20 years. It's also bordering some industrial areas and a freeway that make it less desirable. If people want to build a new house, it's easier and cheaper in a new estate further out.
@pizzaandproperty1246 Ha ha not even a 100 foot pole .Love your work guys , great content. Loved the regional video from few days ago with all the data analytics .
@@lionheart1727 ballarat is fkced mate until state government decides to do something about their robin-hood policies. If you’re looking to invest short term stay away! But if in their for long term buy a big land sort of thing considering land tax! But short term a big no!
This is pretty much clickbait and a bit of a waste of time. Why spend time talking about Wyndham Vale? This is probably one of the more useless videos I've seen on your channel generally they are quite informative. And I'm not sure that she is the issue it's just that the talk is irrelevant. It's kind of like talking about some cookie cutter suburb on the outskirts of penrith and then making a video saying 'is Sydney good to buy in?'
Hey bro, always appreciate feed back cheers for actually taking the time to articulate what you didn’t like about the video. This series is designed to answer a question from a listner about a specific area, but to do so previous feed back has suggested we talk about the state and LGA attached to the area to give a better picture and good info to people that might be interested in the state but not that area. Alway open to suggestion if there’s something you like to see in videos coming up mate 😊
@@pizzaandproperty1246 change the title to questions answered about Wyndham Vale. Or questions answered about Melbourne outer suburbs. I would be interested in hearing her views about Melbourne generally about good investment grade suburbs and when Melbourne's going to turn and that sort of thing. Which is what I think a lot of people would have thought when they clicked on the video. I think you always should try to be genuine and factual including with video titles
Great feed back mate! I think we can add in something the title / thumbnail about the area as well as the state because it is about both. Do you feel you got an answer to the question if it was too soon for Melbourne? As I thought Junge did cover that pretty well but maybe we could have gone into more detail
@@pizzaandproperty1246 thanks for seeking feedback and I do want to make it clear that your channel is a great channel you are doing very well at getting a diversity of people who know their stuff. No I do not feel that I got much about Melbourne. There was a tiny bit in there about economics I think. But really not much at all so the title is definitely misleading. Get her back and just spend an hour with her talking about Melbourne possibilities. Or someone else. The early money is going into Melbourne now. You would be aware of that
Hey mate, hate to hear it didn't hit the spot for you, the idea behind these vids is to give a high level view of a state, then LGA and finally into a specific area a listener has sent in. Totally listening to your feedback and from one other person too that has felt this way and have updated the title to show this. Happy investing mate 🙂
Thanks for having me again Todd!
Always a pleasure Junge 🙂
Thanks Jung
Thanks for the info Junge and Todd ❤always looking forward to Melbourne market updates from your podcast 🙏
Another one with Junge Ma, amazing! Melbourne investing is something that came across my mind, then I found this video. Great timing too.
Glad you enjoyed it!
Labour damaged Victoria really bad! Not just investor, lots of past 3-4 years buyers are underwater if you take inflation into account! Also that is the reason of interstate surge!
Agree...Melb market is cooked!. Big losses all round with houses, especially apartments. Properties purchased last few years and resold are usually at a loss. Won't change anytime soon, maybe 2-3 years for any uplift as investors will continue in droves to invest interstate pushing those prices even higher while Melb will stagnate for years. Its not interest rates, its higher land taxes, compliance issues and more taxes & compliance coming inbound soon.
@@MartyMcFly888 agree!Adelaide,Perth,Brisbane all rising as Victorian investors money is flowing in their states! Also hard time for every single home owner(not just investors)in Victoria as they’re slugged with Taxes with little to no growth in their owner occupiers as well! Unless the state govt reverse their reforms- its will be very less growth from here and too bad for renters as well!
@@MartyMcFly888 Totally agree, more and more cost for landlord
@@LB-xo5so The SRO are agressively pursuing outstanding landtaxes from investors and if no payment is made within a timeframe they are demanding payment from Banks/Financial institutions under the law with mortgage agreements which inturn is puting investor loans in arrears and ending in defaults. This is happening to thousands of investors in Victoria at the moment!.
@@LB-xo5so got a good suburb to purchase in brisbane or perth ??
Great information, would you please be able to share source of Data for analysis??
Another factor to consider in this area is that Laverton used to be the edge of the south western suburbs and the housing stock is much older than Wyndham. Probably at least 20 years. It's also bordering some industrial areas and a freeway that make it less desirable. If people want to build a new house, it's easier and cheaper in a new estate further out.
so you wouldn't buy there?
Great session!!
Thanks mate 🙂
Excellent video Junge and Todd!
Thanks mate 🙂
Thoughts on suburb Derrimut ? Neigbours both them LGAs and days on market is far less then both Laverton and Wyndham
Almost all indicators are great for this suburb
Please queen Jung ma give me Perth suburb to buy!!
Thoughts on new suburb called Harkness in VIC? It is west melton area.
Wouldn't touch Wyndham , Melton with a 10 foot pole .Zero infrastructure ,no schools and endless supply of land
What about a 12 foot pole?
@pizzaandproperty1246 Ha ha not even a 100 foot pole .Love your work guys , great content. Loved the regional video from few days ago with all the data analytics .
Thanks mate 😊
Can you please do one for Ballarat?
@@lionheart1727 ballarat is fkced mate until state government decides to do something about their robin-hood policies. If you’re looking to invest short term stay away! But if in their for long term buy a big land sort of thing considering land tax! But short term a big no!
Wyndham isn't an area I would invest in, ever.
And that includes all north-west areas.
I blame Dan Andrew’s for the awful state he’s left what was a lovely Victoria we call home. Devastated to say the least
Could be a great opportunity to invest 🤔
@@pizzaandproperty1246 in property ?
Yes in property mate 😊
I think right now the only person that would benefit from the property market right now is the realtor and the bank.
You do know governments around Australia are trying to increase supply to put downward pressure on prices... this is a good thing 😂
This is pretty much clickbait and a bit of a waste of time. Why spend time talking about Wyndham Vale?
This is probably one of the more useless videos I've seen on your channel generally they are quite informative. And I'm not sure that she is the issue it's just that the talk is irrelevant.
It's kind of like talking about some cookie cutter suburb on the outskirts of penrith and then making a video saying 'is Sydney good to buy in?'
Hey bro, always appreciate feed back cheers for actually taking the time to articulate what you didn’t like about the video. This series is designed to answer a question from a listner about a specific area, but to do so previous feed back has suggested we talk about the state and LGA attached to the area to give a better picture and good info to people that might be interested in the state but not that area. Alway open to suggestion if there’s something you like to see in videos coming up mate 😊
@@pizzaandproperty1246 change the title to questions answered about Wyndham Vale. Or questions answered about Melbourne outer suburbs.
I would be interested in hearing her views about Melbourne generally about good investment grade suburbs and when Melbourne's going to turn and that sort of thing.
Which is what I think a lot of people would have thought when they clicked on the video. I think you always should try to be genuine and factual including with video titles
Great feed back mate! I think we can add in something the title / thumbnail about the area as well as the state because it is about both.
Do you feel you got an answer to the question if it was too soon for Melbourne? As I thought Junge did cover that pretty well but maybe we could have gone into more detail
@@pizzaandproperty1246 thanks for seeking feedback and I do want to make it clear that your channel is a great channel you are doing very well at getting a diversity of people who know their stuff.
No I do not feel that I got much about Melbourne. There was a tiny bit in there about economics I think. But really not much at all so the title is definitely misleading.
Get her back and just spend an hour with her talking about Melbourne possibilities. Or someone else.
The early money is going into Melbourne now. You would be aware of that
misleading title, expected better, waste of time.
Hey mate, hate to hear it didn't hit the spot for you, the idea behind these vids is to give a high level view of a state, then LGA and finally into a specific area a listener has sent in. Totally listening to your feedback and from one other person too that has felt this way and have updated the title to show this.
Happy investing mate 🙂
@@pizzaandproperty1246 Well done now makes sense. I look forward to seeing further coverage on other Melbourne areas :)
Laverton is a lavatory. Wyndam is too dam windy and lifeless. Look east.
But Bega's is famous for Bega 😜
The Chinese are invading Australian real-estate
cry about it
Thoughts on Wodonga VIC?
Rough
@@JET13B why u say rough? Any detailed explanation?