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Is Victoria shaping up to lead Australia’s next property growth cycle?
Gordon argues that claims of an investor exodus from Victoria are being overstated, driven by lagging data and media narratives rather than on-the-ground fundamentals. He points to Melbourne’s relative affordability, population growth, and ongoing infrastructure investment as key factors underpinning its long-term appeal.
Despite policy pressures and shifting investor sentiment, the pair suggests that Victoria continues to present a compelling long-term growth story rather than a distressed market. They also note that interest rate movements are unlikely to derail its broader trajectory.
Gordon and Garman warn that potential changes to tax settings, including negative gearing and capital gains tax, could reduce housing supply, placing upward pressure on both prices and rents over the medium to long term.
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