https://www.domain.com.au/news/from-the-worst-market-to-the-best-why-house-prices-in-darwin-have-skyrocketed-1003364/
This is the sort of reporting you must read and digest. The median price in Darwin has increased by more than 6% year-on-year, mainly due to Victorians’ contribution. The Darwinians must be annoyed by the Victorians, just like Sydney siders and Victorians who got shixxy with the Chinese migrants who pushed up the house prices in their respective states.
The slight increase or no increase in some cities are mainly due to lockdown, and the small sample size used in the calculation.
Queensland experienced a big surge when early baby boomers turned grey nomads and moved to the sunny state, only to find that they couldn’t just enjoy the sunshine without their long time mates and relatives near them.
It takes time to adjust and establish oneself in a new environment. Many moved back to Melbourne, the place they call home.
There is financial benefit to invest interstate because land tax is a state tax, and more Victorian properties one owns in the state, the higher the marginal land tax rate.
The real estate market as I have predicted will continue to rise in Victoria after the lockdown probably until early next year, when the real impact of unemployment kicks in, and government assistance is withdrawn.
Once the Ring of Steel is removed, potential investors should consider taKing a drive to some regional towns for a exploratory tour, and in the meantime help the local businesses. Make sure you have a chat on the phone with some local agents before you go roaming without any purpose.
Thank you for reading.
The slight increase or no increase in some cities are mainly due to lockdown, and the small sample size used in the calculation.
Queensland experienced a big surge when early baby boomers turned grey nomads and moved to the sunny state, only to find that they couldn’t just enjoy the sunshine without their long time mates and relatives near them.
It takes time to adjust and establish oneself in a new environment. Many moved back to Melbourne, the place they call home.
There is financial benefit to invest interstate because land tax is a state tax, and more Victorian properties one owns in the state, the higher the marginal land tax rate.
The real estate market as I have predicted will continue to rise in Victoria after the lockdown probably until early next year, when the real impact of unemployment kicks in, and government assistance is withdrawn.
Once the Ring of Steel is removed, potential investors should consider taKing a drive to some regional towns for a exploratory tour, and in the meantime help the local businesses. Make sure you have a chat on the phone with some local agents before you go roaming without any purpose.
Thank you for reading.
