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Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Property Investment & Wealth Creation Australia | The Michael Yardney Podcast

Melbourne Property is 21% Undervalued - Here's Why | Stuart Wemyss

Oct 19, 2026 · 39m

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About this episode

Melbourne property investors have endured almost a decade of disappointing growth, and the usual explanation is taxes, debt and government policy. But what if the biggest cause was the extraordinary 20-year boom that came before it? By the end of this episode, you'll understand exactly why Melbourne has underperformed for the best part of a decade, why the usual suspects, land tax, state debt, poor sentiment, probably aren't the real culprits, and why the length of Melbourne's flat patch might actually be the strongest signal yet that a powerful new growth cycle is coming. Stuart Wemyss, my guest today, has crunched forty-five years of data across every capital city in Australia, and what…