Everything is in a parlous state in Victoria. More good news for the property market below..........
"...The Block’s most prolific bidders are predicting the television show could be facing a “disaster” thanks to the Victorian government heaping increased taxes and tougher rules upon property investors.
Advantage Property Consulting’s director and buyers advocate Frank Valentic has appeared on 16 seasons of the program and bid on about 50 properties on behalf of clients and said that multiple investors who would usually be eyeing a Block house have been put off.
The reason behind their sceptisim is due to Victoria’s land tax changes, which kicked in during January, plus stronger rental sector regulation.
