In Victoria right now: • Traditional landlords are selling under land tax pressure + rate rises • Sites are available at distressed acquisition prices • Rental vacancy is well below 2.5% • Co-living regulatory framework is the most defined in the country • Registered rooming houses may qualify for land tax exemption While everyone is looking at the cost headlines and running, the acquisition economics for income-producing development in Victoria have not been this favourable in years. Same data as everyone else. Different lens. #Victoria #MelbourneProperty #CoLiving #ContrarianInvesting
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