Too Soon to Invest in Melbourne? Analyst Junge Ma Shares greater Melbourne/Suburb specific Laverton!
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- Опубліковано 24 лип 2024
- Too Soon to Invest in Melbourne? Analyst Junge Ma Shares greater Melbourne/Suburb specific Laverton!
Every month, we ask our audience to send in a suburb that they'd like analysed. Investorkit's lead research analyst, Junge Ma will be going through the data to let them know whether it's a NO or a GO!
The question for today’s episode was sent in by Frank, who is asking about a piece of property in Laverton, VIC.
He describes the property as an RGZ one that's close to train stations.
Technically a part of the LGA of Hobson's Bay, Laverton is found by Junge Ma to be more in line with the LGA of Wyndham while also being located at the border of the two LGA's.
It has a whopping nine months of stock, significantly higher than the balanced market level of three to four months.
Laverton has also been found to have a higher days on market than the LGA of Wyndham, with 91 days compared to 72 days by the latter.
However, Laverton's median house price sits at $650,000. Lower than that of Melbourne's median at $850,000...
To find out if this suburb is a GO or a NO, be sure to tune in to this episode as Junge Ma breaks down the data and states the facts about the suburb of Laverton in Victoria.
And of course, if you'd like a suburb analysed, click the link below and get in touch!
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CHAPTERS:
00:00 - Introduction to Victorian Property Market
01:23 - Listener Question on RGZ1 Zones
03:09 - Overview of Victoria's Economy and Population
04:38 - Discussion on Unemployment Rate and GDP
06:11 - Comparison between Melbourne and Laverton
07:20 - Wyndham LGA Overview
08:56 - Property Market Data for Wyndham
10:07 - Focus on Laverton Suburb
11:31 - Analysis of Leverton's Market Conditions
13:39 - Response to Listener's Question and Future Indicators
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Thanks for having me again Todd!
Always a pleasure Junge 🙂
Thanks Jung
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!
Great information, would you please be able to share source of Data for analysis??
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 ??
Thoughts on new suburb called Harkness in VIC? It is west melton area.
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
Great session!!
Thanks mate 🙂
Please queen Jung ma give me Perth suburb to buy!!
Excellent video Junge and Todd!
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!
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
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.
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 :)
Thoughts on Wodonga VIC?
Rough
@@JET13B why u say rough? Any detailed explanation?