A parking space in Melbourne can cost RM142,000, significantly cheaper than Hong Kong’s RM296,000 for less desirable locations. The investment offers a return on investment (ROI) of 9.23 percent annually, with potential rental income. Malaysia currently lacks similar parking space investment opportunities, typically included with high-rise units.
The article discusses how millionaires primarily accumulate wealth through property investments. It highlights challenges faced by homeowners in cities like Hong Kong, Sydney, Vancouver, and Toronto due to high mortgage-to-income ratios. Despite affordable options in Malaysia, many potential buyers prioritize luxuries over property. Ultimately, property serves as a hedge against inflation, influencing financial stability.
How do we know if a certain city has a housing crisis? Note, this is not a term dreamt up by me yeah. This is a term from the media on Australia’s property market. Let’s just look at Melbourne which is one major city. The below are the ‘lowest priced’ and ‘new property’ in Melbourne. Data as at 2nd December 2025. Source: realestate.com.au
Exploring Melbourne with a Stronger Ringgit Latest news about ringgit? These days, every media seems to be so happily supporting and reporting about ringgit. Latest
I wanted to drive to some places during the weekends, so I rented a car. Take a look at my MG3. Brief review? Fuel consumption is on the low side, it sips and not gulps. Driving wise, erm… do not drive too fast. Power wise, erm… climbing hills not its specialty. On a straight flat line, pick up is good. Size wise, pretty good for a small car and it looks bigger when it’s right beside a Polo or a Mazda 2 for example which are supposed to be same class. My Melbourne friend told me that this is presently the cheapest car an Australian could buy. The price is even cheaper than used car of similar size but the typical Japanese, Korean or American brands! Haha.
I arrived in Melbourne last Sunday and will be in Melbourne for around 10 days. I met my friend who shared with me that she was staying in a townhouse and she explained that a townhouse meant that the owner of a big piece of land decided to sub-divide the land and build units within the same land. Her home is one out of 16 other units within the same piece of huge land. In other words, this particular house on one piece of land was demolished and 16 units of townhouses are now on the same piece of land. Do read a brief explanation below:
I am not too sure but I think Australians continue to buy properties because total transactions for 2024 was over 700,000 transactions! Australian population is close to 28 million while Malaysia’s total population is close to 36 million. Our total residential property transactions in 2024 was 260,000 units and this is merely 35 percent of Australia’s number despite us having a 25 percent more population than them. This is why they are an advanced property market and we are just an emerging one yeah.
Well, if the tariffs will dampen the consumer sentiment, then demand for goods and services will fall. This means the economy will slow down. No more multiplier effects to the economy since lower demand means lower production. In other words, less workers are needed. Thus, fewer people may have enough money to keep buying things they like. Businesses would think twice about marketing, about expanding or even about employing more people. Uncertainty is the order of the day. What would the central banks do…?
Do you feel that the property price is already too high? Double storey landed terrace homes starting from close to RM1 million? Must be a joke inside a dream, maybe? Well, in some areas, this same property is now RM1.6 million or higher. Surely only the landed properties can be at this price?
Are property prices just too high in Australia? I have been to Perth, Melbourne and Sydney. Melbourne is more vibrant than Perth. So, Perth property prices has always been lower than Melbourne. That’s what I learnt when I searched and that’s what everyone has been saying too. Latest report however said that the home prices of both Adelaide and Perth is higher than Melbourne!? As per the stats, it’s true. It meant that if you like to buy a property in Australia, Melbourne is now a cheaper choice than Perth.
I have visited Perth, Melbourne and Sydney. Twice for Perth. Cheaper and closer. I think they are all very nice places. Perth is not as cosmopolitan as Melbourne or Sydney but has its charms too. The only thing is that by 4th day in any of these cities, I must have Asian food. Haha. Coming back to property, let’s revisit my conversation with my taxi driver who drove us back from Sydney airport back to our hotel.
Study hard, get a good job and earn a good pay and then buy your own home was an advice by my parents when I was younger. I think that’s a very good advice and I bought my first property when I was 26 years old. That’s like 21 years ago. Small 730 sq ft apartment it was (bought at RM123,000 and sold at RM225,000 many years later) and that was the time everything started for me in my property investment journey.