Why property investors are flocking away from Victoria?
- Land tax is getting ridiculously high for investors
- Poor rental yield (Low rental income comparing to house prices)
- Government policies that are anti-investor
- Very low land tax threshold
- Higher stamp duty on purchase
- Positive cash flow can’t be achieved (If available it would be for apartments without any capital growth)
- People are rentvesting (Rent in Victoria and buy cheap properties with high rental income in other states)
