
Melbourne has been constrained by several factors that are transitory in nature, but the long-term fundamentals of Melbourne and Geelong remain strong, with a robust economy, strong population growth tipped to overtake that of Sydney and a large infrastructure pipeline, making it one of the most liveable cities in the world. Of course we need to tread carefully, with LGA and suburb selection being crucial.
Joining me for Episode 5 is our Victorian buyers agent, Damian Fletcher. Damian calls Geelong home and has lived in the region his entire life. Damian provides our clients with local intel, expertise and on the ground analysis when acquiring high performing strategic investment properties for our clients.Key topics we discuss:
Victorian performance since COVID:
Melbourne
Geelong
Philosophy around buying into markets when they have not performed well but fundamentals support growth.
Are we at the bottom of the cycle?
Fundamentals underpinning the market
Forecast population growth
Transport infrastructure
Likelihood of interest rate cuts, will lead to positive consumer sentiment
Robust jobs market
Green shoots in the data?
How has legislation impacted buyers?
Land tax
Rental laws
Holiday lets
Recent BFP case study (Reservoir)
8. Opportunities in the market (locations)
For more information about how Ben and his team can help you, visit bfpproperty.com