It's actually refreshing to see an interview with both parties at the same table and location as opposed to split screen on zoom etc. Call me old school haha
@@pizzaandproperty1246 I'm personally interested in some QLD regional hotspots like Townsville, Rockhampton etc. and SA regionals as well. There's one under the radar I feel which is Whyalla in SA. Thanks.
Melbourne is a shithole now. Everyone looks so stressed and angry now and terrible public transport and traffic. Used to be 'The Place To Be' but is now a sinking ship
Well done Junge. Todd first time listener, it would be good to close off with regional for each state . It would be interesting to see if the same order for growth applies especially if you add regional GDP and population growth
Hi, I am wondering if Truganina and Tarneit of West Mel are ideal to invest in, especially when the new or fairly new houses with land content are selling around $700k for a 4 bedder or $600k for a 3 bedder instead of buying a strata property in Mel. Any opinion please.
I’m looking to buy investment property number 3 in Melbourne. I currently have a good amount of equity from my Brisbane and regional Victorian property’s. I can handle cashflow shortfalls in the short to medium term and also looking forward to buying in a state with less heat. It was stressful buying in Brisbane just over 2 years ago. I like the feeling of “ball in my court”. I appreciate you asking a couple of direct questions about Melbourne as I have been asking the same things when I have the chance. You also seem interested, where’s your head at? Great content, thanks.
Thank you. One thing that was missed is type of population growth, as per my understanding Melbourne it is mostly international students where as qld and wa are family migration . Students are not going to go on a house buying spree
Good point, unfortunately some data needs to be cut otherwise this would be a 5 hour episode, let me see if we can get an answer for you in the comment section here 🙂
Spot on in Melbourne...a HUGE problem is the governments policies which are pushing investors to sell. We are one of them. This would result in most people not wanting to invest in Melbourne. I wouldn't do it again. Disagree with the comments about population needing to increase in Melbourne...there's a dreadful shortage of property for rent. Extra people just adds to the problem. And the State debt is SO enormous that people are choosing to leave.
too many factors propping up the market, but if costs to build reduce, there would be a huge amount of supply. it's not feasible to build in most of Australia because of construction costs
If the government genuinely wanted to reduce housing shortage then it shouldn’t take 6-18 months on average to get a permit for a new build. But they have vested interest in keeping their property prices high. Time = money = repayments = cost passed onto homebuyers. Also new development contribution taxes in Melbourne introduced. Reason why developers are deterred away from wanting to build. Risk to reward ratio is not worth it.
The GDP figures are all gross numbers, not per capita. Even just looking at the gross numbers, Queensland and Brisbane's GDP growth was still quite impressive as their population didn't grow as much as VIC and WA's did :)
Hello? Not just Darwin is Heavily reliant on Mining. The Whole.of the Australian Federation is heavily reliant on Mining but I acknowledge that this is a relative video across the states.
@@pizzaandproperty1246 I got my property tax bill just this year and I've got investment property in regional Victoria but not planning to sell as going to be my retirement income then past on the the kids that live in the houses, but then had a look at my new property tax bill on top of rates and insurance just lucky got very low mortgage and with the listing to population extremely high in some regional area my area 20 listing per a 1000 population if you brought at the peak 2 years ago you be losing money and very high risk of no capital gains or even loss , you be pulling the pin.
You need to get this young lady on every quarter to do a similar video, Phenomenal job
That’s not a bad idea at all 🤔 cheers mate
Totally agree!! This kind of insight is very valuable!!
Agreed, I subscribed because of this video! great job, much more informative than other channels
Subscribe to the corelogic report it has everything. Get out of this property obsession and debt slavery
She’s such a great source of information ❤ I also subscribed to hopefully keep hearing this great content
Great episode with a very humble and knowledgeable guest. It would be great to see a regional Australia breakdown next!
Working on it now 🙌🏼
@@pizzaandproperty1246 can't wait :)
It's actually refreshing to see an interview with both parties at the same table and location as opposed to split screen on zoom etc. Call me old school haha
Great data insights! I'm all ears for the regionals in each state for the next episode please! 🙏
Great idea! We've got something cooking, anything in particular you'd like to see in it?
@@pizzaandproperty1246 I'm personally interested in some QLD regional hotspots like Townsville, Rockhampton etc. and SA regionals as well. There's one under the radar I feel which is Whyalla in SA. Thanks.
@@pizzaandproperty1246Daylesford, Hepburn in Vic, central coast NSW
@@pizzaandproperty1246 I'm personally interested in regional NSW - like Wollongong area, Southern Highlands, Dubbo, Orange, Goulburn etc
First time this early to your episode. Great ep keep it up.
Thanks mate 🙌🏼
Such a wealth of knowledge/ info I gained from this. Such a great episode. Kudos to the guest!
Glad you enjoyed it! I’m sure we’ll be having Junge back on again soon
Melbourne is a shithole now. Everyone looks so stressed and angry now and terrible public transport and traffic.
Used to be 'The Place To Be' but is now a sinking ship
The vibe definitely feels different than it use to, but I would count on it staying that way, Melbournes got so much to offer
If they manage to finish the big build.. it will have no composition in Australia
Amazing insights Junge Ma and great summary at the end Todd! Victoria is clearly the sleeping giant.
Thanks mate! Junge did and awesome job I think we'll be seeing her a bit more
Great episode, you both are fantastic!! Need another session on regional areas.
Well done Junge. Todd first time listener, it would be good to close off with regional for each state . It would be interesting to see if the same order for growth applies especially if you add regional GDP and population growth
Great idea mate! Already in the works 🙌🏼
Please cover Ballarat @@pizzaandproperty1246
Pleade do it for tier 2 places, regional area etc!!!
I like your thinking 🙌🏼
Don't forget that the best analyst is working from the rear view mirror
when projecting the road ahead.
Hi, I am wondering if Truganina and Tarneit of West Mel are ideal to invest in, especially when the new or fairly new houses with land content are selling around $700k for a 4 bedder or $600k for a 3 bedder instead of buying a strata property in Mel. Any opinion please.
Great job Junge - very informative.
Glad you enjoyed it mate!
I’m looking to buy investment property number 3 in Melbourne. I currently have a good amount of equity from my Brisbane and regional Victorian property’s.
I can handle cashflow shortfalls in the short to medium term and also looking forward to buying in a state with less heat. It was stressful buying in Brisbane just over 2 years ago. I like the feeling of “ball in my court”.
I appreciate you asking a couple of direct questions about Melbourne as I have been asking the same things when I have the chance. You also seem interested, where’s your head at?
Great content, thanks.
Thank you. One thing that was missed is type of population growth, as per my understanding Melbourne it is mostly international students where as qld and wa are family migration . Students are not going to go on a house buying spree
Good point, unfortunately some data needs to be cut otherwise this would be a 5 hour episode, let me see if we can get an answer for you in the comment section here 🙂
Todd another great episode!
Cheers mate! Junge was great to work with
Great podcast and end summary Todd.
Thanks Ravi 🙌🏼
Great episode! Excellent guest, I got alot of value out if this ep 🙏
Very valuable info!!! Thank you Junge!
Glad it was helpful 😊
Spot on in Melbourne...a HUGE problem is the governments policies which are pushing investors to sell. We are one of them. This would result in most people not wanting to invest in Melbourne. I wouldn't do it again. Disagree with the comments about population needing to increase in Melbourne...there's a dreadful shortage of property for rent. Extra people just adds to the problem. And the State debt is SO enormous that people are choosing to leave.
Do you think I’m a year or 2 it will be the time to own in Melbourne?
Excellent video, very thorough! 🍻
Thanks mate! Glad you liked it 😊
Watching in Anticipation 🙏
Amazing episode.
Thanks mate 🙌🏼
too many factors propping up the market, but if costs to build reduce, there would be a huge amount of supply. it's not feasible to build in most of Australia because of construction costs
If the government genuinely wanted to reduce housing shortage then it shouldn’t take 6-18 months on average to get a permit for a new build. But they have vested interest in keeping their property prices high.
Time = money = repayments = cost passed onto homebuyers.
Also new development contribution taxes in Melbourne introduced.
Reason why developers are deterred away from wanting to build. Risk to reward ratio is not worth it.
Very fair points mate, what would you suggest to solve the issue?
Hire more staff, let them get paid when the job is done as opposed to per an hour.
Thanks for the very interesting Video
and a you guys have touched on things I hadn't seen mentioned on other channels.
Glad you enjoyed it!
Smart. Sincelery thanks
You're welcome!
Good informative video. What suburbs in Melbourne do you think would provide a great capital growth in the long run for new investors.
I heard Darwin's Unit capital growth is similar to free standing houses.
Yeah the unit growth was the only in Aus that actually out paced it's houses... 🙂
The GDP figure for Brissy, was that GDP per capita ? That would make sense with a ballooning population.
The GDP figures are all gross numbers, not per capita. Even just looking at the gross numbers, Queensland and Brisbane's GDP growth was still quite impressive as their population didn't grow as much as VIC and WA's did :)
Hello?
Not just Darwin is Heavily reliant on Mining.
The Whole.of the Australian Federation
is heavily reliant on Mining
but I acknowledge that this is a relative video across the states.
Nobody in Brisbane calls it Brissy, that's just cringe like calling Melbourne Melby.
Apologies, Brisvegas 🤣 do I pass the local test now?
Melbourne property prices its all about state land tax the aim is to lower house prices you going to see it happening all over Australia
Interesting, what makes you think that?
@@pizzaandproperty1246 I got my property tax bill just this year and I've got investment property in regional Victoria but not planning to sell as going to be my retirement income then past on the the kids that live in the houses, but then had a look at my new property tax bill on top of rates and insurance just lucky got very low mortgage and with the listing to population extremely high in some regional area my area 20 listing per a 1000 population if you brought at the peak 2 years ago you be losing money and very high risk of no capital gains or even loss , you be pulling the pin.
Hello
Hey 👋🏼
Australia is overpriced the average home is now a million dollars next generation debt s laves
They don’t have to be