Victoria the ‘worst state’ to be a property investor 

Victoria ‘the worst state to be’

If you enjoy going backwards, then live in Victoria.

Victoria has turned into a basket case

History Says, this is what Happens Under Labor......Higher Taxes, Higher Spending, More Incompetence !

This is what happens when you have Australia wide Labor governments! You get what you vote for! 🙄

How about “minimum standards” for governments!! To every Labor/Greens/Teal voter - THIS EFFING MESS WE’RE IN IS ALL YOUR FAULT!

Australia is finished. Its going to get so expensive that no one will be able to leave their house, if they can afford a roof over their heads.

Meh ... who cares. They voted for it. Don't tell me that they are not happy. If there was an election tomorrow they would vote for Labor again. Let them suffer.

The Peoples Republic of Victoria...........where freedom dies !

As a tenant, can the Vic gov just stop helping raise rents.

Yes, tenants bills will may be lower, however, their rent is going to skyrocket!

Victoria even smells now a days like “woke “, I am heading off to QLD

A better title for the video would be, "Victoria the 'worst state' to be a renter".

What an easy way to decide where to invest your money... not in Victoria

For Sale signs going up everywhere in my suburb, and when i look at them online 95% are rental properties people are selling.

GET RID OF LAB !

4 star shower heads,F that i want to be saturated in the shower not running around looking for the droplets.

Fine’s Victoria are a disgrace and 60 mins / current affair should expose them for the crooks they are.

Remember, Dopey Dan must be struggling on his $300,000+ a year pension.

I am a landlord, interest rates going up, council rates going up, insurance going up, government mandatory standards going up. Is anyone wondering why rents are going up? Labor is incompetent at managing the state.

They need Jeff Kennett back.

My land Tax just came, 500 last year, 1300 this year..., correcting 1 house and a half house ownership

My brother in law rang me up about a State tax for his rental. I advised him to get out immediately!!!

The extra costs get passed on.

Selling my family home ( when my mother passed away). We rented it out, however, with land tax, maintenance, repairs we were in negative.

According to the valuer general, my holiday home has increased in value by 90% in one year! However, my current land tax bill is almost 600% more than last year 😳

Thousands of dollars in upgrades ? The renter will be paying for it guaranteed

Land tax has tripled compared to a few years ago for investors in Victoria, thanks to the new Dan's Legacy Debt Levy. Victoria the Taxation State.

Time to vote Labor OUT

They tried these energy standards for rental accommodation in the UK. The result was an apocalyptic collapse in the availability of rental properties.

Victoria worst state to be in full stop.

Commie Victoria is still plastered with YES for The Voice posters.

Following previous NZ labours gov disastrous policies. And they lost the election for good 😂

It's simple just don't give gas and electricity connections to house 😂😂😂😂😂😂 Victorian to blame as they voted Labor and Green for many years so pay up

It is a HELLHOLE here in Victoria. One day, in about 6 years, I will be free to emigrate and I look forward to going somewhere where I can live free from the authoritarian left.

"Why can't we tame inflation?" as they impose these $5k mandatory upgrades across rental properties.

Ceiling insulation minimum of $2500 installed Weather seals minimum of $700 installed 3 star cooling minimum $2500 installed 4 star shower head minimum of $250 installed Government intrusion telling you what you have to do in your personally owned property to replace a faulty gas water heater or space heater. Heat pump storage hot water unit minimum of $6000 installed (possible rebates if eligible) also requires a dedicated electrical circuit from switchboard so there is a potential switchboard upgrade cost

Translation to tenant's : your annual rent is going to skyrocket further as landlords pass on government costs to you.

On 3AW this morning there were p-ssed off talk back callers in their 60s to 80s calling to say they have been notified that due to the land tax and other government imposed costs the owner of the properties they have been renting and living in for the past 10, 15, 20 years is going to be selling and they need to look elsewhere. The current rental vacancy rate is under 1% in Victoria and according to a real estate agent speaking on the same program, stated that in Victoria there is a shortage of about 60 thousand rental properties.

more property investors fleeing the market is a good thing. This means more people can buy these properties to live in while improving their own financial stability and reducing the need for rentals. This will reduce home values and in turn make rents more affordable.I don't see home values actually dropping though because neither party will want to do anything to improve affordability because it will be unpopular with voters who already own a house Both the Labor and liberal parties are equally useless. More interested in holding power than having any backbone and offering real solutions.

I've got a rental in Victoria, Over a Friday, Saturday and Monday I had over 20 applicants. Going to be interesting to see in the next few years as rentals become more and more scarce what it will be like. And absolutely I'll be passing on the new costs to my tenant. Hopefully with investors fleeing Victoria it will just make my rental yield higher

Stamp duty is crazy high. I recently bought my first home. And have to pay through nose … total rip off

Worse state full stop

Less we regret government

At least their property price goes down

I wonder how many investors provide cheap housing for family members (that might otherwise need social housing). We have 4 properties we accumulated over 15 years, about to get one more. My inlaws live in one, brother in law lives in another. My partners a nurse and I'm self employed, last year my taxable income was 32k.

"Victoria the ‘worst state’ to be a property investor.".That should read landlords. Sounds like a good thing! There is an economic term "rent seeking" Rent-seeking is a concept in economics that states that an individual or an entity seeks to increase their own wealth without creating any benefits or wealth to the society. Rent-seeking activities aim to obtain financial gains and benefits through the manipulation of the distribution of economic resources.

Yeah come to Sydney, and see ugly duplexs, where developers are assoles building double storey shit holes, where your single storey neighbour loses the sun, snd gets to look at a wall everyday, corrupt councils.

Melbourne has gone down the gurgler. Send all politicians there and let them live with each other and they can see the results of bad bad policy.

I have friends in WA and I can assure you WA is not better far as cost of living and housing and rent hikes... All my friends are pulling their hair and worried to death.

Sky News Logic - Red team bad, blue team good. Oh wait unless it's US politics then it's red team good, blue team bad. Break free from this false left/right paradigm. Governments are the problem, not which team is in charge.

Lily D knows everything just ask her , she has nfi..ppl of Vic wake up 😮

$300?! Qld is paying $1200 every 3 month's for power 😭😭

Time to vote these idiots out. It's past time to get victoria back on a real future plan. Any landlord cost will be put straight onto the renters. As with every single other cost increase goes straight onto the customer. Maybe the government will make a little bit of taxes but the company will charge you more than they are paying in taxes.

why would you want capital going into an unproductive investment like housing instead of into investing in to businesses. Australia's obsession with property investment is why we have such uncompetitive manufacturing and tech sectors

Good on ya Labour. Stuff property investors, let’s tax ya stuff you. Let’s start taxing the labour government for their incompetent

Why do Labor hate Australia and Australians so much???

Victoria also has the highest number of first home buyers. Please report on that.

victoria last one to leave shut the gate .wont be able to turn the lights off wont have any power!!

As a property investor I will never invest in dead beat Melbourne, I have friends with 3 investment properties and are selling them all, what a joke of a state. As the saying goes "the only good thing to come out of Melbourne is the Hume highway"

Sad Reading through these comments….people have had enough

I’ll be selling mine or putting up the tent. Good call Allan

Depite the shambolic and utterly inept Victorian labour government, i still love Victoria (though i dont live there anymore) 👍the vic state government policies beggars belief, hopefully there'll be a change on the ballot box 🗳️

A home is a human right, not a speculative investment.

How about the worst state for first time buyers with over inflated prices due to real estate agent greed? Sick of losing out on auctions with a foreign phone in bid blowing everyone out of the auction.

Get out of VIC !!!! run fast !!!

Lol I'm a plumber and builder It's going to be alot more The cheap units only last 2 years if your lucky, plus all the upgrades your looking around 10k Thank God your going to save 300 a year

They all sound like the bare minimum in today’s standards though 🤷

LNP will never be in Government in Victoria RITA 😂😂😂

I sold my investment property in Noosa, same crap different location.

Surely landlords selling up will create a massive windfall for the state from stamp duty paid by the buyer? Makes sense to me. I thought "bringing back the SEC" was supposed to bring bargain electricity for all?

Property inventors are part of the problem (Housing)...

So, are houses for families to live in? Is this such a bad thing to move shelter (an essential human need), away from being and investment class?

questioning if a beach box counts a second property.

Water saving shower heads are not much good, if your flow of hot water takes forever to come through from the hws. We don't use our on-suite bathroom any more due to the time it takes for the hot water to materialise. Washing up water the same. I end up boiling the jug. This is in a house only 3 years old. Have instantaneous gas hws, bloody useless as far as l am concerned. So if you want to save water, lessen the time it takes for the hot to come through from the hws. You would save thousands of litres of water per house hold per year.

my rent literally increased 35% in 2 years

But is it a good state to move to if you want to own your own home?

let jus thank Treason Dan for that

Rowan Dean comes from Hobart ? There appears to be twice as many of him.

Yes, you get to fleece your renters for less cream off the top. Not the Australian way 🙄

greatest idea to reduce power bill - change gas HWS to electrical. 100% plan.

Without watching the video, i would say it's Vic

Victoria has the highest state debt in Australia.....Queenslands Stephen Miles says hold my beer suckers

STOP demonising property investors. Show some empathy. Help the property investors. These investments ARE good for the economy. One of the biggest reasons why 'tenants' struggle is not because of the property investor but because of these skyrocketing expectations. In all honesty, you pass 100% of the cost to the investor, and about 10-15% of it gets passed over to the tenant. The remaining the investor has to bear. Now, it has become a huge liability investing in property. A property investor goes through a lot of bad land developers, builders and tradies, at times bad property managers, then increased regulations and taxes. Please think holistically. A property investor gets demonised all the time. People who are jealous of the property investors really need to educate themselves. Stop being jealous. Start saving. You are not being driven out of the property market. The taxes are way too high. How do you think a property investor was able to 'save'? A property investor has had several sleepless nights, empty stomachs, extra shifts, to save and finally afford a property to secure a financial future. There are a few bad property investors but there are also a few bad tenants.

It's simple just don't give gas and electricity connections to house 😂😂😂😂😂😂

No worries landlord can spend a few thousand dollars with depreciation to come and save the tenant a couple hundred bucks. Sounds like a brilliant idea.

Good! then property price won’t go up in price…

Yep

Victoria is a bad state not cos investors have to pay more, its because we have so much and yet there is still so many with little

Sky sticking up for the millionaires as usual

Five different googles, five different states named as the best for property investment. Sky being selective again.

I guess we’re all somehow trying to survive financially in this 🌍. I hope I can complete studies or find work after getting poisoned? I am still suffering from my poisoned symptoms since last year 2023! New Zealand is not a safe country anymore. I was born and raised in New Zealand 🇳🇿 and I got poisoned in Wellington and I’m back in Auckland now? Stay safe. && Take care. & God bless 🤎💛🤍🖤🙏

Property prices still lower than q1 2022 in melbourne. Clearance rates below 60%, prices coming down. This has to happen in all states so the younger generations can buy a house. Government need to mass build build to rent high rise appartments to bring rents down on houses

Just don’t buy

Only good thing about Victoria then. Greedy taxpayer subsidised landlords shouldn’t get a free ride anymore

Real estate has always been a second-rate asset class, compared to shares and now crypto. Everyone should aim to own their own home. But this should be achieved with proceeds from actual assets. Taking out a mortgage and paying it off with your salary is not intelligent. Edit: Just open up more land for housing. We don't all need or want to live in capital cities. Anyway, more housing brings down property prices in large cities, as a side-effect.

Victoria is a comedy sketch, the Victorian voters have voted for there own demise, hilarious

100% the worst state to be 😂😂😂

At least Rita “Craption” got the panels job description right.

wow