Victoria Removes Stamp Duty. Will this ignite Melbourne property boom?

08/11/2024 11 min

Listen "Victoria Removes Stamp Duty. Will this ignite Melbourne property boom?"

Episode Synopsis

The Victorian State Government has announced a surprise change in their Stamp Duty rules.
And it even allows investors to buy certain properties without paying Stamp Duty.
On the surface this can sound exciting. Nobody wants to pay Stamp Duty but...
What the Victorian Government is planning, will trap many property investors for years to come.
I don't want you to fall victim.
That's why you need to check out my latest episode
Here's a snapshot of what you'll discover...
*** Many property spruikers will tell you that you should buy one of these investments for the tax savings. Beware! These so called investments can put you on the fast track to the poor house. *** Why you should never buy one of these properties if you want to maximise your capital growth *** The big challenge with finding tenants for these properties (It will keep you up at night!)If the Victorian State Government had removed Stamp Duty for all properties, then my take would be different.
But they didn't. Instead, they got back into bed with the Building IndustryAnd that's going to cause all sorts of problems. Get the facts and stay informed. Check out my latest episode.

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Financial disclaimer: I am not your financial advisor and the opinions I share in this audio episode are purely my opinions. This is not to be considered personal advice as it is general in nature.