Episode 5: Victorian Property Market: Is 2025 the comeback year?
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)
- Opportunities in the market (locations)For more information about how Ben and his team can help you, visit bfpproperty.com
