Melbourne Property Buying
News and Blog

With property prices in Sydney and Melbourne having fallen 10-15% from their peak, buyers are starting to see value and are coming back into the market. Talking to some buyers, quite a few are also rushing to beat the changes to Capital Gains Tax, with Labor looking set to win the Federal Elections. https://www.news.com.au/finance/economy/australian-economy/adelaide-and-sydney-suburbs-surge-up-the-most-indemand-list-as-buyers-sniff-a-bargain/news-story/57a161d0389a5ac6be54592

With Labor set to win elections, plans are already being made to bring forward the proposed changes to Capital Gains Tax. Will this cause a buying spree with investor trying to beat the deadline? https://www.domain.com.au/news/labor-to-make-negative-gearing-and-capital-gains-tax-changes-from-january-1-2020-814067/

With the Federal Elections looming, this article sums up the major tax changes proposed by 2 major parties. It compares the claims by the 2 major parties against an independent finding. Everyone's heard about the Capital Gains Tax changes. But are you aware that taxes on Discretionary Trusts are being reviewed as well? https://www.abc.net.au/news/2019-03-29/tax-changes-you-need-to-know-ahead-of-the-federal-election/10945466?pfmredir=sm&section=business

Latest update from indicates that the rate of decline in the Melbourne Housing Market has slowed. Is this a first indicator that the decline is bottoming? It might be too early to tell. With this decline, Melbourne prices has dialed back to 2016 levels. Should you keep waiting? Given that we are starting to get more interests from investors, I wouldn't want to wait too long.

https://www.news.com.au/finance/real-estate/buying/housing-explainer-labor-and-coalition-policies-on-negative-gearing-and-capital-gains-tax/news-story/206dd8af09ae4a29cb475adb76c00fbc

If you need proof that savvy investors are still buying, here's one: "A dated house smashed its reserve by $241,000 to nail Yarraville’s “first litmus test” of 2019, but a Flemington weatherboard sold for a loss in a mixed auction weekend reflected in the clearance rate. " Smart investors know property prices at desired locations will rise eventually, and they are making full use of the current 'soft market' conditions to grab a bargain. Do they wait for the market to bottom

Yes, there are lots of talk about an oversupply of apartments in inner Melbourne CBD. But with a view like this, from a 2 bed, 1 bath high floor apartment, what would you pay? Prices have been badly depressed because of talks of an oversupply. Most property investors, however, take full advantage of this and took on a long term view. Prices will recover. With Melbourne expecting to hit a population of over 6 million by 2030 (planning.vic.gov.au), the demand on property an