I'm getting in Melbourne now. Bought 2 houses at amazing value. It's definitely a matter of when not if. All experts and projections say capital growth is more important than yield so I'm not so worried about poor yield.
If they destroy the rental market with all the costs, people will dump and prices will drop. This is already starting to happen. The plan is to crash the instestment property market so the investment funds/banks can buy up like in the US. They won't everyone to rent from the WEF sponsors i.e. you'll own nothing and be happy not. Then they will hike the rents and people will work 3 jobs or be homeless
The problem i have with the concept of "borrowing" power and yes its a nice to simplify a metric, is we don't know how much cash is sloshing around etc 😮
Great video ! Random thing I noticed (and speaks to the virtue of humility) - Jeremy’s holding a “4 for $10 pen” on a podcast (time stamp around 28min). The guy probably owns a mid 8-figure asset portfolio. Love it ! 👏
The first time a meet Jez in person I offered him a bottle of mount frankly, he smiled and told me “if the taps not broken I’m happy with a glass of water mate” it’s just in his character 😊
It’s a trial & error game. However, you can figure them out to a certain extend when you talk/interview them. you should start with smaller agent, where you get to talk to the owner directly when you want to. they’ll care a lot more for your properties/business than the properties managers that keep moving around in the larger agent & your property is just a job number or an address. You should keep changing agent until you find a right one.
As an investor you need value , I look at free standing houses at 750k in Melb and you have to go to outer estates in Wallan, Truganina , Melton for 650k ,Clyde etc . All of them have one thing in common ....endless land being released and no infrastructure whatsoever . You move to good established suburbs and you need to spend at least a million dollars .Yields and the taxes are just not worth it and with the state government not having enough money for public hospitals , I wouldn't bank on them to spend on infrastructure in the next 2 to 3 years .So I wouldn't touch Melb with a 10 foot pole unless you have a million plus dollars to spend on an established suburb and be heavily negatively geared .
Brilliant, I'm glad I stumbled across this. Has raised quite a few questions especially as I'm a Melbourne local... prices seem unattainable and on the ellaverage income doesn't matter what you have saved or earn there is only so much a bank will lend you and you've also got to be comfortable in servicing also within your means. Thank you lots of food for thought, I'm just a little concerned for me personally as I have champagne taste on a beer salary... at the moment I can look but not touch!. I'll keep watching as you and the guests are great
😂 investing in Melbourne is stupid bug time. 1) you now have to renovate to ensure thermal compliance 2) you have to pay for min rental standards inspections 3) you will have to pay annual smoke detector and gas/electricity inspections - they will always find something that needs fixing (which they will gladly do for a price) 4) you have vcat completely behind the tenant - and be penalized in their favour for the slightest thing 5) you wont be able to get rid of a bad tenant 6) you have land tax to pay for c19 for the next 10yrs (but like the german reunification take from 91...its still being charged). 7) insurance especially for strata have gone up exponentially 8) new dev council planning have introduced unbelievable costs with demands for all sorts of esd , landscaping , removal of gas, etc. The commis in victoria have absolutely ruined what was the best state in Australia
Negative gearing should be targeted to be cash flow positive. I.e. the biggest component should come from depreciation whch means it is most effective on new builds in my view. Also you guys didnt mention the impact of capital gains tax, nor the impact of succession planning. i.e. you have stamp duty to get the property out of the Trust if you distribute as part of tax and inheritance tax comes in as well.
Hi Todd, can you please do one episode comparing same property profile e.g same size land, similar layout but in different states (vic/perth/qld….. ) As you said some states has higher cost in other areas vs Mel land tax. If we can compare all then have a better picture how bad Mel is 😅 thank you
Borrowing power is not a predictor of prices. Sydney locals are priced out by 25% yet sydney prices still increasing. It only takes one or two cashed up investors to push prices up for each listing. The rest miss out.
Big difference being negatively geared on depreciation vs interest and operating costs. Established suburbs wont have any depreciation left unless you buy a new build, but I would touch a strata again if you paid me
In Melbourne i would Only Buy in the Frankston Activity plan area,.. do your due diligence look into it then look at the prices of the properties in that area. You would be crazy to sleep on it!
Woo calm down @@SR-pr2xz what I was saying is junkies and crime are infecting all suburbs, the main thing is the property development potential of Frankston with the new activity centre plans.
As a Brissie boy I’ve just bought 2 units in the heart of Melbourne (Southbank)for approx $400k. 2 bed unit with rental appraisal of $620/w. Both of these units have views to the Yarra river. I’m pinching myself to see if this is true. These units in Brissie would be $600k at the very very least now. It’s incredible, I’ll be buying as many as I can.
Hey Mark, great to hear you’re happy with your purchases mate! If you’ve got the ability to go again would be worth checking out a house with some land content 😊
@@pizzaandproperty1246 thank you. They are our 4th and 5th properties we currently own so we are getting towards the end of our capacity it seems and funding is limited hence we are going for cheaper options. We have just accessed 2nd tier lending for the 5th. I love the show if you can recommend which show to watch where people get to this stage and how they overcome the finance journey I am all ears as it’s getting difficult.
Cost same in sydney around $400k unit rent out $550 to $600 p week but You won't pay land tax in NSW and have rules like Melbourne. And when You sale it made profit in sydney or perth or Brisbane or etc etc etc but not in Melbourne.
Difference between Melbourne and Brissy units though is supply. Great income once paid off, however low capital growth on apartments in VIC due to the huge supply.
Don't buy in Melbourne for at least next eight years. Buy investments in NSW and Qld. Better transaction costs. A certain wealthy demographic in Melbourne have been doing that for the last 4 months. Land tax will kill you.
Too right. Council rates have more than doubled since 2016 and now land tax is 50% of council rates. Throw on min rental standard inspections, smoke detector, gas and electricity inspections, interest rates, the rental market is not worth it.
part of the video was very insightful with well thought out info... part of it pure spruiking nonsense...always comes down to sifting through the data & facts and eliminate the BS and FOMO crap.
If Melbourne Labour government with their unrealistic expectations and control don’t support overseas wealthy property investors mean it will affect the economy, your jobs and businesses. You need Liberal government first in power for wealth, businesses and job to grow Young Australian need first full time job to buy mean government need to support overseas investors who can deliver for Australia prosperity to grow. Trade wars destroy the economy
Melbourne is going down ! Stay away for investments . Won't have propeety for rent not imigracion not grow not progress. The future pour estate of australia. Won't be any profit to risk . Buy undervalued sale undervalued.
First thing first: great episode mate! If you can find a property in a good area of Melbourne, it's a great time to invest since many people are already eyeing these spots, and prices haven't really dropped. On the other hand, you might want to wait before investing in regional tourist areas, as prices there are starting to decline with the market adjustment. However, no point in even considering in new estates or land/lots or lot of outer west suburbs
@@d92s40 I’d focus on making a deal in the inner southeast areas like Monash, Glen Eira, Stonnington, or Whitehorse councils, or along the Bayside, particularly around the Sandringham train line through to Mordialloc. However, if you're working with a tighter budget, Cranbourne or Clyde can be decent options. Just keep in mind that when growth picks up, the inner areas tend to see the quickest and highest gains, followed by the outer suburbs.
I know that the towns in the Dandenong Ranges always do better trend wise than Melbourne CBD & I assume that is because it's a lifestyle , tree change area that has large blocks and big houses yet only an hours drive from the CBD.
@@crazyham I absolutely love the Dandenong Ranges-it’s an ideal spot for slowing down and enjoying a more relaxed lifestyle, and I honestly hope it stays that way. Investing there is usually more influenced by market ripple effects, whereas in metropolitan areas, people tend to buy out of necessity to support their livelihoods.
I'm now at the end of this video
& I must say it was probably the most intelligent discussion on this topic I have come across thus far.
Todd you're a great host, you let the guests talk more and asks insightful questions...great skill mate
I'm getting in Melbourne now. Bought 2 houses at amazing value. It's definitely a matter of when not if. All experts and projections say capital growth is more important than yield so I'm not so worried about poor yield.
Hi would you mind share the suburb you bought in Melbourne 😊 thank you
If they destroy the rental market with all the costs, people will dump and prices will drop. This is already starting to happen. The plan is to crash the instestment property market so the investment funds/banks can buy up like in the US. They won't everyone to rent from the WEF sponsors i.e. you'll own nothing and be happy not. Then they will hike the rents and people will work 3 jobs or be homeless
The problem i have with the concept of "borrowing" power and yes its a nice to simplify a metric, is we don't know how much cash is sloshing around etc 😮
Great video ! Random thing I noticed (and speaks to the virtue of humility) - Jeremy’s holding a “4 for $10 pen” on a podcast (time stamp around 28min). The guy probably owns a mid 8-figure asset portfolio. Love it ! 👏
The first time a meet Jez in person I offered him a bottle of mount frankly, he smiled and told me “if the taps not broken I’m happy with a glass of water mate” it’s just in his character 😊
My property manager is the pits. She seems more like a renters advocate. Please do a show on how to pick a good one.
It’s a trial & error game. However, you can figure them out to a certain extend when you talk/interview them. you should start with smaller agent, where you get to talk to the owner directly when you want to. they’ll care a lot more for your properties/business than the properties managers that keep moving around in the larger agent & your property is just a job number or an address. You should keep changing agent until you find a right one.
As an investor you need value , I look at free standing houses at 750k in Melb and you have to go to outer estates in Wallan, Truganina , Melton for 650k ,Clyde etc . All of them have one thing in common ....endless land being released and no infrastructure whatsoever . You move to good established suburbs and you need to spend at least a million dollars .Yields and the taxes are just not worth it and with the state government not having enough money for public hospitals , I wouldn't bank on them to spend on infrastructure in the next 2 to 3 years .So I wouldn't touch Melb with a 10 foot pole unless you have a million plus dollars to spend on an established suburb and be heavily negatively geared .
Really appreciate the high quality production value of these videos.
All star panel with great tips and advice!! Thanks again Todd and to your guests!!
Glad you enjoyed it mate 🙂
Fantastic episode!
Thanks mate 😊
Brilliant, I'm glad I stumbled across this. Has raised quite a few questions especially as I'm a Melbourne local... prices seem unattainable and on the ellaverage income doesn't matter what you have saved or earn there is only so much a bank will lend you and you've also got to be comfortable in servicing also within your means. Thank you lots of food for thought, I'm just a little concerned for me personally as I have champagne taste on a beer salary... at the moment I can look but not touch!. I'll keep watching as you and the guests are great
Great inputs from the experts and very well driven by Todd. Enjoying your show mate @Todd with valuable inputs.
I just got out of the Melbourne market like other investors as there was no advantage in being a landlord in that state
Good video mate keep them coming
Thanks mate, will do anything specific you're wanting to see a focus on?
@@pizzaandproperty1246 non bank lenders and also lenders not on broker panel
Excellent video gents! Can we have a regional video, maybe start with Regional Vic, Qld, and SA property markets
😂 investing in Melbourne is stupid bug time. 1) you now have to renovate to ensure thermal compliance 2) you have to pay for min rental standards inspections 3) you will have to pay annual smoke detector and gas/electricity inspections - they will always find something that needs fixing (which they will gladly do for a price) 4) you have vcat completely behind the tenant - and be penalized in their favour for the slightest thing 5) you wont be able to get rid of a bad tenant 6) you have land tax to pay for c19 for the next 10yrs (but like the german reunification take from 91...its still being charged). 7) insurance especially for strata have gone up exponentially 8) new dev council planning have introduced unbelievable costs with demands for all sorts of esd , landscaping , removal of gas, etc. The commis in victoria have absolutely ruined what was the best state in Australia
comprehensive & useful content- great job
Great information. thanks for sharing.
Thanks mate! Glad you enjoyed the ep 👍🏼
Negative gearing should be targeted to be cash flow positive. I.e. the biggest component should come from depreciation whch means it is most effective on new builds in my view. Also you guys didnt mention the impact of capital gains tax, nor the impact of succession planning. i.e. you have stamp duty to get the property out of the Trust if you distribute as part of tax and inheritance tax comes in as well.
Hi Todd, can you please do one episode comparing same property profile e.g same size land, similar layout but in different states (vic/perth/qld….. )
As you said some states has higher cost in other areas vs Mel land tax. If we can compare all then have a better picture how bad Mel is 😅 thank you
Great sesh todd and team, got the whole gamet of pros on the pod, the broker, accountant, developer, the BA & the data 🎉❤
Fantastic episode, I need an accountant like Jeremy
The man’s very good at what he does!
Great episode. Lots of gold!
Great video. Lots of value
Great video, I agree with Max on Melbourne vs Sydney prices and how the growth depends on different factors.
Thanks mate glad you enjoyed it 🙂
Those are masters in their craft. Brilliant view points.
Great episode! Thank you Todd and your guests for sharing your experience and wisdom.
Thanks for listening mate 🙌🏼
Anybody has an opinion on Tarneit/werribee or surrounding area?
kip
so, as non resident foreigner, which city should I start buying a house in Australia? Gold Coast?
Great topic. Can we do one for Geelong please ?
Enjoying your Content
Thanks Guys 👌
Awesome episode mate! Definitely reaffirms my thoughts especially from Arj. Nice work!
Great video
What an awesome episode! So good to think ahead and not follow when a blind person can see what is happening 😊
Thanks mate 🙂
Brilliant Thank You
Glad you enjoyed it Hams 🙂
Borrowing power is not a predictor of prices. Sydney locals are priced out by 25% yet sydney prices still increasing. It only takes one or two cashed up investors to push prices up for each listing. The rest miss out.
Big difference being negatively geared on depreciation vs interest and operating costs. Established suburbs wont have any depreciation left unless you buy a new build, but I would touch a strata again if you paid me
Dan Andrew f*#ked everything up down here.
Still early.
How long do you think?
Good video mate
In Melbourne i would Only Buy in the Frankston Activity plan area,.. do your due diligence look into it then look at the prices of the properties in that area. You would be crazy to sleep on it!
Isn't frankston getting flow on crime and junkies from Dandenong
@SR-pr2xz isn't Brighton isn't everywhere in Melbourne
@@nebbleful wtf are you talking about Brighton for as if I mentioned it. I said Frankston. Nothing more, nothing less
Woo calm down @@SR-pr2xz what I was saying is junkies and crime are infecting all suburbs, the main thing is the property development potential of Frankston with the new activity centre plans.
One problem with government projections is that governments keep changing.
(Unlike China)
Great ep started my investment journey with Arjun earlier this year
thanks for this podcast mate, looking forward to more podcasts like this
As a Brissie boy I’ve just bought 2 units in the heart of Melbourne (Southbank)for approx $400k.
2 bed unit with rental appraisal of $620/w.
Both of these units have views to the Yarra river.
I’m pinching myself to see if this is true. These units in Brissie would be $600k at the very very least now.
It’s incredible, I’ll be buying as many as I can.
Hey Mark, great to hear you’re happy with your purchases mate! If you’ve got the ability to go again would be worth checking out a house with some land content 😊
@@pizzaandproperty1246 thank you. They are our 4th and 5th properties we currently own so we are getting towards the end of our capacity it seems and funding is limited hence we are going for cheaper options. We have just accessed 2nd tier lending for the 5th. I love the show if you can recommend which show to watch
where people get to this stage and how they overcome the finance journey I am all ears as it’s getting difficult.
Cost same in sydney around $400k unit rent out $550 to $600 p week but You won't pay land tax in NSW and have rules like Melbourne. And when You sale it made profit in sydney or perth or Brisbane or etc etc etc but not in Melbourne.
Difference between Melbourne and Brissy units though is supply. Great income once paid off, however low capital growth on apartments in VIC due to the huge supply.
Boom about to detonate and head to zero or to the moon 😂🎉
Don't buy in Melbourne for at least next eight years. Buy investments in NSW and Qld. Better transaction costs. A certain wealthy demographic in Melbourne have been doing that for the last 4 months. Land tax will kill you.
😂
Too right. Council rates have more than doubled since 2016 and now land tax is 50% of council rates. Throw on min rental standard inspections, smoke detector, gas and electricity inspections, interest rates, the rental market is not worth it.
part of the video was very insightful with well thought out info... part of it pure spruiking nonsense...always comes down to sifting through the data & facts and eliminate the BS and FOMO crap.
Remember what happened at the Mascot towers. Home owners were bankrupted and there's more property disasters coming.
Probs don't buy in a tower anyway chief... happy investing
Take the land tax and help first home buyers get into the market i say
Pretty sure they do, it’s called FHOG, and a variety of other first home buyer insensitives
Who cares about the taxes, lending variables and what have you. Some buildings are disasters.
Big risk to put money in Aus look else where like Dubai
You feel that's a more stable property market... 🤔
If Melbourne Labour government with their unrealistic expectations and control don’t support overseas wealthy property investors mean it will affect the economy, your jobs and businesses. You need Liberal government first in power for wealth, businesses and job to grow Young Australian need first full time job to buy mean government need to support overseas investors who can deliver for Australia prosperity to grow. Trade wars destroy the economy
Haha another Melbourne Property Market promoter the boom is over Bro 😂😂😂.
More to fall labor stuffed Australians
2026 if we have a state Gove change in Vic you think that’ll move the market on?
Melbourne is a crap hole now. More like Mumbai now .
Melbourne is going down ! Stay away for investments . Won't have propeety for rent not imigracion not grow not progress. The future pour estate of australia. Won't be any profit to risk . Buy undervalued sale undervalued.
You ok mate 😂?
First thing first: great episode mate! If you can find a property in a good area of Melbourne, it's a great time to invest since many people are already eyeing these spots, and prices haven't really dropped. On the other hand, you might want to wait before investing in regional tourist areas, as prices there are starting to decline with the market adjustment. However, no point in even considering in new estates or land/lots or lot of outer west suburbs
How about south east? Clyde Cranbourne etc.?
@@d92s40 I’d focus on making a deal in the inner southeast areas like Monash, Glen Eira, Stonnington, or Whitehorse councils, or along the Bayside, particularly around the Sandringham train line through to Mordialloc. However, if you're working with a tighter budget, Cranbourne or Clyde can be decent options. Just keep in mind that when growth picks up, the inner areas tend to see the quickest and highest gains, followed by the outer suburbs.
Thanks mate! 100% agree on the new estates part 🙌🏼
I know that the towns in the Dandenong Ranges always do better trend wise than Melbourne CBD
& I assume that is because it's a lifestyle , tree change area
that has large blocks and big houses yet only an hours drive from the CBD.
@@crazyham I absolutely love the Dandenong Ranges-it’s an ideal spot for slowing down and enjoying a more relaxed lifestyle, and I honestly hope it stays that way. Investing there is usually more influenced by market ripple effects, whereas in metropolitan areas, people tend to buy out of necessity to support their livelihoods.
Melbourne has gone to complete shit!!! 😂
Do not buy there
Avoid VICTORIA! 😠
You Don't think it's got legs?
Propaganda sponsored by property developers. Ordinary property developers at that.