Property Hub - Investment Insights & Inspiration - Realty Talk: Interest Rate impacts and opportunities + Crazy rental freeze

Episode Date: September 9, 2022

As interest rates continue to rise, property players are forced to think and act differently so this week’s show gives you some options. Arjun Paliwal from Investorkit kicks things off by revealing his 3 secret locations where you can still buy undervalued properties. As the national rental crisis escalates, politicians are jumping on the bandwagon with some hair-brained ideas. Simon Pressley from Propertyology debunks the latest rental freeze scheme. As continued rate rises hit our hip pockets, maintaining our investment commitments can be challenging. Helen Baker from ‘On Your Own Two Feet’ joins us to show you how to keep your investment plans on track. RealtyTalk is part of the Property Hub podcast channel, your home for property investment insights, inspiration, and stories from Australia’s top property experts, investors, leaders, and analysts. Subscribe now to get every RealtyTalk episode delivered to you each week for free, and also get full access to Get Invested, the leading podcast for Australians who want to unlock their full ‘self, health, and wealth’ potential and get inspired by the stories of investors, founders, and entrepreneurs.  Subscribe to RealtyTalk on the Property Hub channel: Apple Podcasts | Spotify | Google Podcasts | Email Property Hub is a collaboration between Bushy Martin from KnowHow Property, Kevin Turner from Realty, Andrew Montesi from Apiro Marketing and Apiro Media, and Australia’s largest independent podcast network DM Media. Business and partnership enquiries: [e-mail] omnystudio.com/listener for privacy information.

Welcome to Realty Talk, the show that brings together the country's most authoritative and respected property experts. Follow us on all the socials and subscribe for updates and exclusive offers. Realty Talk is powered by realty.com.au, connecting buyers, sellers and agents differently. Greetings and welcome to Realty Talk, your trusted voice in property, which is now proudly you're part of the new and expanded Property Hub, your home for property investment insights, inspiration and stories from Australia's top property experts, investors, leaders and analysts, which is all done in collaboration with Apiro Marketing and DM Media, Australia's largest

independent podcast network. I'm Bushy Martin from KnowHow Property Finance and as interest rates continue to rise, property players are being forced to think and act differently. so this week's guests give you some great options. Arjun Palliwell from Investor kicks things off by revealing his three secret locations where you can still buy undervalued properties around the country despite the ongoing rate rises. As the national rental crisis escalates politicians are yet again jumping on the bandwagon with some really harebrained ideas. Simon Presley from Propertyology debunks the Greens' latest rental-free scheme with more positive suggestions on what really needs to be done. And as continued rate rises hit our hip pockets,

maintaining our investment commitments can actually be very challenging. Helen Baker from On Your Own Two Feet rounds out the show with great ideas on how to keep your investment plans on track. And before we get into it, make sure you don't miss another episode of Realty Talk by subscribing to Property Hub on your favourite podcast player, where you'll get two powerful episodes of Realty Talk, as well as the Get Invested podcast delivered to you each and every week. And make sure you also sign up on the realty.com.au homepage, where you'll get a free copy of my award-winning book, Get Invested, for making the effort. We've got some priceless property gems to share, so let's get on with the show.

Greetings and welcome. Now, recent interest rate rises have seen the cash rate increase from its historic temporary low of just 0.1% back up to pre-pandemic levels and beyond, with further rate rises likely in coming months. And if you believe the scaremongering of the mainstream media that revolves around imaginary property markets and quite often misleading median metrics, increasing interest rates have reduced property demand, leading to cooling markets across the country. As an example, CoreLogic's latest home value index concluded that the housing downturn is accelerating as falling values become more widespread, with the national index recording its fourth consecutive monthly decline. Now, hearing this, you may be thinking that the whole

country is stepping into a slump, just as it entered a nationwide boom during the pandemic. However, this isn't the case. Quality data shows that property conditions across the country are now just returning to normal after the artificial COVID catalyst, where they're now starting to diversify, with some losing pressure, some stabilising, and others picking up. So to get a clearer picture on where the property opportunities continue to be in undervalued areas, we're joined again by Arjun Palliwal, the award-winning founder and head of research at National Data-Driven Buyers Agency, InvestiKit. So welcome back to the show, Arjun.

Thank you, my friend. It's a very interesting topic, this one, with a lot to go through. There is, and I love the in-depth research you've done on it. So sort of jumping straight into that, based on your research, where are the undervalued property opportunities despite the ongoing interest rate rises? The three cities that came out of this mix were the two regions in Queensland, one being Rockhampton-Yapoon, the other being Townsville, and then travelling all the way across to South Australia for Mount Gambier. So these were three areas that stood out. And what we did do is

actually look at them from a perspective of overvalue, undervalue, and how we came to this conclusion was using household income in comparison to interest rates, but not just looking at them, you know, with income to price, which is a common thing that many analysts do, which is very incorrect, but actually looking at it from an income to repayments, because we don't just buy a property with cash, the main dictator of our ability to keep one is interest rates and repayments. So we wanted to make sure we look at rates today and that too, anticipating some increases. And so in this case, we assumed 5.5% common interest rates out there for many, which is even beyond what you can get today in the threes and the fours for many markets. But

with this, these three cities stood out, considering that the income to pay repayments in these regions remain quite affordable yeah awesome so um cutting the chase what what sort of property prices are we looking at in those three areas then arjun so in townsville if we start off with that the median house price sits just under 400 000 but we can see typical you know three bed one baths all the way to four bed two baths and family suburbs range between that sort of 380k to 520k, so still remaining quite affordable. And we did looking into household income versus prices, as well as looking into account interest rates at 30-year terms, 80% loans, was that house prices in Townsville were 26% undervalued, even at interest rates of 5.5%.

So when you tone it down to 4.5%, they're as much as 41% undervalued. Now, it doesn't mean that household prices immediately grow to these levels. It just means that if they did grow to these levels, people wouldn't be extremely stretched. Yeah, good point. So you've covered off on that example. Can you break down the property values in the other two areas or they're very similar? Yeah, so we've got a more affordable point in Mount Gambier heading towards the mid threes rather than the fours. Much the same with Rockhampton. It's important to note that these are median house prices with many prices ranging above and below. But we commonly find that sort of 350 to 550k offers a very substantial amount of housing choice in these three cities. And their

undervalue ranges from 14% all the way up to 41% in Queensland. And then the Mount Gambier ranges from five percent to seventeen percent so all three remain undervalued um with healthy amounts even at stretched interest rates of an extra percent on top to 5.5 yeah interesting yeah the i love your thoughts and a bit off the cuff i know but uh southwest uh areas of wa you know talking around the sort of uh bunbury up to sort of rockingham area did they come up on the radar at all in terms of undervalue indicators or not? They did to some extent because they carry higher incomes, as you know, in many parts of WA,

and the house prices still remain affordable alongside the repayments to service them. In these areas, there are divisions of sub-regions, some that carry much lower incomes, and as a result, even though prices are cheaper, aren't as undervalued. But these cities did pop up in the map when it came to the undervalued component. In fact, with Australia, the regions are getting lower and lower. It's important to understand that with a boom that we've just seen, with lagged income data, and then, of course, a rising interest rate environment, it has shifted the equation of how many markets sit in the overvalued versus undervalued.

there are still more markets out there that sit in the overvalued component but here are some that sit in the undervalue that i that i thought perfectly stood out not just from a affordability point of view but even just the strengths of their market with all three of these uh you know showing vacancy rates well below one percent yeah very interesting yep there's always gold there if you know where to look so based on your data and research then do you predict more undervalued areas that are going to crop up or will the so-called property slump continue across most of the country as you see it? I think what's important to note here is that because of the lags we see in income, combined with some of the wage increases that are due to come up, the

jobs market that still remains in booming territory, it does mean that there are some lags. So I don't feel that more undervalued areas will pop up. We are expecting whilst this interest rate cycle of increases occurs, undervalued markets will actually decrease. So to give you some context, when our interest rates are used at a 4.5% variable, we then see 25% of Australia's housing markets as undervalued. And then when we take the interest rates up to 5.5%, this drops down to 17%. So as long as interest rates keep going, the number of undervalued markets will shrink. But again, there are many overvalued markets that might have that little bit of a stretch for people's repayments on the median scenario. But many people do sit with extremely

low debt in current housing debt scenarios. So that does mean that whilst for new people, it doesn't present a healthy opportunity, it presents probably more of a challenge for them to get into these overvalued markets. For existing households, just because they might be sitting in some overvalued markets doesn't mean they're all rushing to the gates to sell. No, very good point. That's a point well made. Look, I really want to thank you for sharing this very interesting information, Arjun. And thanks again for your time on the show today.

Thank you. Thanks, Arjun. Well, as you can see, as long as Australians need a roof over their head, there's always opportunity in property because it's never a matter of when to buy property, but it's always a matter of where and what to buy. And if you want to better arm yourself with data to help you find these opportunities, reach out to Arjun and his team at investakit.com.au. You're watching Realty Talk, your go-to place for all things property.

Australia-wide. BMT guarantee to find double your fee in the first full financial year deductions. Call BMT on 1300 728 726 today for an obligation free quote. Greetings and welcome. Now, for quite some time here on Realty Talk, we've been talking about the increasing rental crisis that's actually engulfing the nation. And we're doing that alongside highly respected contrarian and true property analyst, Simon Presley. And as recent evidence of this growing rental squeeze emerges, over the last 12 months rents have actually soared 9.1% across most of our capitals and nearly 11% in regional areas according to recent CoreLogic data. Now unfortunately it's not until situations get serious that politicians start jumping on the bandwagon to

come up with ill-informed knee-jerk and half-baked schemes and that's exactly what's just happened with the Greens now calling for a nationwide two-year rent freeze. So to dive into this complex rental crisis situation we're joined by realty talk favorite simon presley who's the head of research at national buyers agency propertyology so welcome back to the show simon good day bushy thank you for having us back yeah great to see you mate uh now sort of diving into this subject how bad is the rental crisis around the country from where you sit well this time two years ago a few of our reports we said that we will soon see the single biggest real estate crisis is a word that's overused these days but this is a serious crisis so two years ago we said we'll

see the biggest crisis Australian real estate has seen in our 230 year history we are now here sadly it's going to get a lot worse we put some official numbers around it this country of 25.7 million people we've got 36,000 properties advertised for rent today that's it this time five years ago we had double that number of properties advertised for rent so we've got half of what we had five years ago but we've got an extra 1.2 million people living in this country now bushy so um those who feel at the most uh someone looking to acquire rental accommodation or someone who already has rental accommodation but the landlord has sold so if you're a tenant on the move um you really have bother all choices and sadly this is not reported in in numbers but

right throughout australia you have um good tenants with good rental histories stable incomes they are sleeping in cars they are sleeping in caravans they're sleeping in someone's garage that's how bad it is so what so we've got a town a country with 400 individual townships roughly half of those have left less than 10 000 people so let's let's deal with the other what we call cities or townships of substance yeah of australia's um 100 largest cities and towns there are only eight of those today that have a vacancy rate greater than one and a half percent wow 92 out of our 100 biggest cities have a vacancy rate of less than one and one and a half percent now some people might be hearing that number going that sounds bad what does that

really look like imagine a smaller scale of this we've got a hundred properties that are rented within this community right a hundred properties that are owned by investors so they're available to the rental pool yeah a vacancy rate of one and a half percent means one and a half of those properties of those 100 are empty people are going okay so if we get two families move in population growth two families move in someone's going to miss out yes but even if we get no population growth put ourselves in the life of the tenants we've got a teenager who's just finished high school wants to go to university they want to move out of home they want some independence all right so they're looking for a property no population growth but there's increased rental

demand you've got another family marriage separation can't stand each other's guts can't be under the one roof we need another property all right no population growth we have tenants who say i've already got a property but we want something that's bigger we want something it's close to the town so they're looking to move you've got someone else who says we want to get a dog we want a backyard so we're looking at so people move all the time to be able to want to move all the time to be able to move for every 100 properties that are rental in a rental pool we need to have at least three of them that are empty to enable that movement yes yeah it's a really good call so given that context so there's no question there is a major rental crisis across

across the country. If we now turn to the Greens' recent proposal, what's your understanding of the Greens' rent freeze proposal and what do you think they're trying to fix with it? Yeah, so we're probably up to a dumb decision by Dickheads in high places, number 25,000, which has caused this rental crisis. So what their proposal is to let's freeze rents for two years and then after that two years let's put a law in place that says rents cannot increase by any more than two percent per annum so these people clearly don't understand anything about finances about investing about asset ownership if they did this idea would never enter their head let alone into fucking parliament um but just imagine that so let's put a freeze on rent yeah okay great

idea we're at it let's put a freeze on insurance let's put a freeze on petrol let's put a freeze on council rates let's put a freeze on parliament on politicians wages let's just freeze everything great idea of course the world doesn't work like that bushy so we can't do that but hey let's roll the die the problem is the rental crisis has been 100 created by governments not just the greens in fact the greens they're just a voice you put out policies but their policies don't usually get adopted right so it's the other two the red team the blue team it's state federal and local collectively these bunch of useless human beings have caused this rental crisis because rental supply we go back for 100 years of census data official government data

for every one of those 100 years where there are 10 dwellings in a community three of them have been rented always now and always we have just lost their way with how we continue to supply extra rental accommodation when you keep bashing someone over the head with a baseball bat eventually they say i don't want to play this game anymore it hurts yeah so city councils state governments and federal governments liberal and labor have introduced the dozens of different policies since the year 2015 that have all caused harm of some kind financial or asset ownership controls to landlords so investing to discretionary action they don't have to do it you need to create an environment where they feel comfortable to do it baseball bats don't make people feel comfortable

so this is why we've got the mess and the greens is just the latest layer the problem is is these are proposals or policies thinking about the symptom and not the cause yeah so they hear about the tenants where the rents have gone up by 100 bucks a week and they are true stories all right So we've got empathy for that. But rather than, so what they do with that empathy is to say, that's bad, we can't allow that. Let's hit those landlords up who are charging 100 bucks a week. The landlord would not be able to charge the extra 100 bucks a week

if we had enough rental supply. If tenants had lots of choices, lots of properties to pick from, the landlord who tries to charge an extra 100 bucks a week, that property is going to sit empty forever and a day. Yeah, yeah, absolutely spot on. And I think, you know, it hasn't been since the 1970s that governments in any level were partaking in the supply side of the equation. They've washed their hands of it since. And with every decade that passes, the situation gets worse.

So it's going to take a government with some balls really to step back into the supply space and really make some meaningful impact there. But let's just take the ridiculous to the extreme and look at if the rental squeeze was implemented, what the impact is going to be. What the impact will be. So I won't sell. I won't like the decision if the Greens proposal gets through. But like the other decade decisions that have been made, I'll cop it on the chin. And why I won't sell is because investing is a discretionary action. I choose to do it among a few million others because I know that if I don't invest in my

future no other bugger will do it for me so life on an age pension and whatever superannuation you know is there at the end at the end of the ride will not fund the lifestyle that Simon Presley wants to live yeah but they can keep swinging the baseball bats and I'll keep complaining but I will always remain focused on investing in my future sadly a big big bunch of other existing investors won't have the drive and the focus that i've described they will sell because they'll be sick of being hit around the head and these policies that politicians claim to be implementing to help people will cause the most serious harm i'm not joking a bit with this next statement bushy australia is i reckon 12 months away if we're not there already from being in a situation

that we never would have thought we would be in. We will be the laughingstock of the world before too long. There will be widespread stories of good people, like I was describing earlier, widespread. I'm talking hundreds of thousands of Australians who will be forced into homelessness, not because they've got a drug problem or not because they've got a mental health problem

or the stereotypical, you know, how people wrongly pitch a homeless. I'm talking Bushy and Simon. Yeah. Renting property, but all of a sudden the landlord sold because they've got Jack and they're in the street because there is no rent. That's who it'll be.

So go back to those numbers before. 36,000 dwellings advertised for rent now. Yeah. Roughly half of those, this is a real fun, roughly half of those are actually not available. They're still on the internet. Yeah. so they're technically classed as advertised for rent but the property managers accepted a

rental application so let's call it 20 000 much but we've got 20 000 available 25.7 today right yep two days ago three days ago there was a two-day meeting a summit in canberra discussing how to address australia's jobs and skilled labor shortage and in that meeting they decided to increase our skilled labour overseas migration intake to 200 000 people per year we can't fit in one person because their existing population are living in the back of a car and within the next 12 months we're going to let in 200 000 rental properties don't fall out of the sky my friend where are we all going to live yeah it's a scary concept i'd i'd love to flick to the the positive side of the equation then and get your thoughts on you know alternative options that

that can seriously start to relieve the rental crisis what are your thoughts there mate well there is no short fix this this horrible mess we've been talking about didn't happen overnight and it definitely can't be fixed overnight it won't start to improve until the actions that caused it improved yeah the question i've been asked a lot as i've been commenting on the rental crisis the last few years is you know when will it end and and you know what will it look like um well it won't end until the behaviors change yeah so the current behaviors we've just been talking about one where governments have caused this where are governments head at the moment state federal and local where are they at the moment doing the same things rental freeze is

just one queensland state government oh let's let's um bring in a catch all land tax that catches all states all right so that's that's that's another um we've got a new federal government There's been nothing there that they've announced to help increase rental supply. Yeah. Nothing. So, you know, governments aren't doing anything. What is the solution?

Well, there is no solution until the government policy's changed, mate. Yeah. There is no solution. And as you said, it's all about supply side. That's the issue. All the other stuff is just tinkering with the edges without, it's sort of doing something without actually doing anything. So, very interesting situation.

and we'll get you back on to talk about this further because it's going to get worse before it gets better. There's no question about that. But I really want to thank you for sharing your wisdom on the subject today, Simon.

And thanks again for your time on the show today. My pleasure. Thanks, Bushy. Thanks, mate. Well, there's no doubt that a burgeoning rental crisis is unfolding right across the country

that's likely to produce actually quite fertile turf for cashflow-focused investors. But like everything in the complex and dynamic world of property, simple, uneducated knee-jerk fixes like the Greens' rent freeze proposal aren't the answer. And if you want to get the real facts and real solutions from proven property

performers who actually live, eat, and breathe property, reach out to Simon and his team at propertyology.com.au. Keep watching Realty Talk, your go-to place for all things property. Successful property investment is a game of finance. Do you have the right team and the right game plan? Realty Talk is brought to you by KnowHow Property. More than mortgage brokers, Bushy Martin and his team of investment architects set you up with a sustainable strategy structured to lower your costs, tax, risk and stress while increasing your capacity for growth. KnowHow has helped over 1,900 homeowners and investors secure more than $800 million in property wealth. So get set to live more, work less and live your legacy. Want to know how to invest in your freedom? Visit knowhowproperty.com.au.

Hi and welcome. Now it doesn't matter where you turn to at the moment, it seems our ears and eyes are filled with the looming threat of interest rate rises and the debilitating impact that this is having on our home loan repayments and our monies remaining to spend or contribute to other things as costs continue to rise. So where are interest rates likely to go and what can you do to keep your spending, saving, and your investment plans on track? Well, to discuss this, we're joined by Helen Baker, the founder of well-known financial advisory, On Your Own Two Feet. And she's also author of two books of the same name, one on financial independence and the other focusing on divorce. So welcome to Realty Talk, Helen.

Hi. Great to have you on. We had a great chat together some time back on the Long Form Get invested podcast so looking forward to getting into the the subject with you today so to sort of kick that off what's your read on how high rates how high rates are likely to rise over what period as you see it yeah well i actually forecast this incorrectly previously i didn't think they would have gone as quickly and as hard as they have so that was a bit of a shocker and personally i'd prefer if they don't raise them much at all because i've still got investment mortgages myself so yeah but that aside look you look out there at the moment

fixed rates are looking at six seven eight percent and that's because banks are scrambling to get extra money back in they're trying to deter you from fixing your rates because they've borrowed money at historical lows and then now are trying to pay back at higher rates so I do think it's probably going to increase but we've got the other side of it which is if they go too hard they risk really causing a housing crisis we've got a lot of other problems around trying to make people build more properties and and grow those properties so they've got a little bit of a problem I think with how they manage it going forward. Yeah I think I can understand why they're raising rights because we're just getting back to where we were pre-COVID it might be a

bit more that'll still be lower than the long-term average so and I think we're reasonably well placed with what most Australians have been doing as a response to COVID over the last two years but tell me what effect do you think this is having on discretionary spending and savings as as we move forward then Helen? Well I think a lot of people are feeling the squeeze you know obviously people will be feeling it more than others if they bought in the height of the market and they've got massive mortgages and they were squeezed to get there to start with then that's going to create a problem but I think on the other side of the coin a lot of people were quite cautious or diligent when their interest rates were down so a lot of people have got backup that

they've built in their savings in their offset accounts or in their redraws so I think they're feeling a little bit comfortable and obviously jobs are still in high demand we still can't fill a lot of jobs so I think until that becomes more pressured and things change around that I think it'll be okay but I do think people are being more cautious they are aware that things can change and significant changes happen with even like 0.25 or 0.5 that can impact seriously so people are just pulling back a little thing and and having a look and being more cautious yeah and a good call. I had a read of some RPA, Reserve Bank of Australia data recently that suggested that through the course of COVID, Australians have saved a bit over 260 billion. And a lot of

homeowners are two years ahead in relation to their repayments. So we're in pretty good shape as far as that goes. But tell me, sort of extend that a bit further, what impact are rising rates and repayments having on investment plans and contributions in that area? Yeah, so I think, again, if we tie this up with, you know, the cost of borrowing versus where do we get our income from, so if it's property, you know, the rental income that comes from that, people have seen significant increases in their rents because of this demand for property, particularly with floods

and other things that have happened in people's world. So there's been probably an increase in income, mind you. Rents have been very low for a very long time, so and and costs have risen so that's still a bit tight from an investment into something like a managed fund or a share you know the dividends were paying maybe three percent for example and then you were paying perhaps less than that in terms of what your interest rate was so those changes have happened um so now you've got a question is it still appropriate for me to have this investment obviously we don't want to see people crash what they've uh done with their

investments there's nothing much more painful than going through the heartache of having to sell something that you've already been diligent with so I think people need to be wise and revisit what their plans are make sure we don't get in over our head and think long term rather than short term well just so extending on that little bit what what can everyday hard-working Aussies do to ensure that their investment plans remain on track yeah don't panic this is the first thing I think you've got to look at how you retain those investments because things will move around, you know, again, back from the heights of the property market. Some people feel if they had to sell right now, it would still be under what they initially paid. So if you didn't buy in the

height, it's probably a different story. But I think, you know, we're looking at retaining investments for long term to provide us with income. So trying to manage the whole plan, go back revisit what your plan is don't take notice from the influencers really think about what is appropriate for you if you were fortunate enough to lock in a fixed rate at the low rate enjoy that for a little while longer but then you need to start getting on the front foot with your mortgage broker or whoever you work with to get the best deal going forward again try you know interest only make it sort of uh only if you have to really you know if that's the right strategy for you because paying principal and interest off will do you even though these rates are

increasing as you said before they're still pretty low compared to where they were so you know pounding away at that and the luxury back to that bit of where we've got redrawal we've paid a lot more off if you do have to refinance your loan you're probably doing it on a smaller amount right now which might make everything a little bit easier so there is a lot of noise out there there's a lot of fear and the media does love a lot of fear but you have to step back from that and think logically about what's right obviously make sure those five foundations are in place that i talk about because that looks at health and insurance and estate planning around anything that might change around those as well so do the best that you can to get all your ducks in a row

and then keep them that way yeah very sage and wise advice there helen so i really want to appreciate you coming on to share these timely reminders and thanks for your time on the show today. Thank you. Thanks Helen. Well, as you've heard, rising rates aren't a reason to abandon or shrink your investment plans. And if you want to find out more from Helen, feel free to reach out via onyourown2feet.com.au where you can also grab copies of her awesome books. Stay with us for more here on Realty Talk. Now, before I leave you, I just wanted to reinforce a couple of key points from today's show. Firstly, remember that regardless of conditions, there are always property opportunities if you know where to look. Because it's never about when, it's always about

where. Secondly, if governments at all levels are serious about the rental crisis, housing affordability and a host of other associated property issues, they're all going to need to get serious about committing to long-term housing supply instead of just wiping their hands and making it a private sector issue or relying on knee-jerk demand side schemes that only actually go to worsen housing issues. Well, that's another wrap for this week's show. Another big thanks to our guests, Arjun Palliwell, Simon Presley and Helen Baker. And to make sure you don't miss another episode of your trusted voice for all things property, subscribe to Property Hub on your favourite podcast player, where you'll also get to enjoy the Get Invested podcast delivered

to you each and every week. And make sure you sign up on the realty.com.au homepage to get a free copy of my award-winning book, Get Invested. And while you're there, make sure you check out one of Australia's most extensive range of properties for sale from over 7,000 agents nationally, where you'll even get to find properties that aren't listed anywhere else. Thanks again to realty.com.au, BMT Tax Depreciation, Appiro Marketing and DM Media for their ongoing support. I'm Bushy Martin from KnowHow Property Finance. Remember to always get invested

and I look forward to seeing you again next week. Miss something in this week's show or want to catch up on past shows? Do it anytime at realty.com.au where we connect buyers, sellers and agents differently.