Vic Exodus

Discussion in 'Politics' started by Boss, 13th Nov, 2021.

Join Australia's most dynamic and respected property investment community
Tags:
  1. Squirrell

    Squirrell Well-Known Member

    Joined:
    26th Sep, 2020
    Posts:
    999
    Location:
    Australia
    I honestly dont think melb lockdowns are a long term concern. Its 1. wfh ie how much are people going to be able to wfh fulltime in decent jobs that obviates need to live in an expensive city with avg weather and avg beaches. 2. How much migration and will they flock to melb in same numbers as pre covid. Answer from me is 1. Some impact, but not as much as people think and 2. Busines as usual i reckon from next year. I think melb will be fine. But wont bgrow as much as brissy.
     
  2. gman65

    gman65 Well-Known Member

    Joined:
    23rd Jun, 2015
    Posts:
    1,802
    Location:
    Brisbane
  3. Traveller99

    Traveller99 Well-Known Member

    Joined:
    22nd Jun, 2015
    Posts:
    746
    Location:
    Settled
    I don't necessarily believe Melbourne will experience civil unrest but the world will. There are already signs of this.

    Agree on the migrant point. Melbourne's reliance on migration is exposing it at the moment.

    I just can't see Melbourne mid term sit at 40% below Sydney's prices. There will be a reversion at some point but not for some time as the country adjusts to the new reality.
     
    gman65 likes this.

PFI provide our clients with the opportunity to purchase an investment property, together with performing equity investments from a wide range of ASX listed securities some providing monthly income. This is the value of advice.