Your Property Success Mentor August 30-08-2018

Hi, everyone, and welcome to the August 2018 question and answer session for the month. So we're really excited to get going. I'm going to hand over to John. Hi, John. How are you going?

I'm very well. So just before we start, we do have to do our mandatory disclaimer. I just need to let you know that it's important for you to understand that you need to take care in applying what you'll learn on this webinar or any webinar or training to your own personal circumstances. Everyone's situation is different. And while we go to great lengths to ensure that everything we share is accurate, what you're about to hear is based on our personal experiences and opinions and not intended to be specific to your circumstances. So in order for us to share this information openly in the way that we do, we just need to make the following the same. We're not real estate agents, financial planners or lawyers. Jane, or accountants and not liable for any loss, damage or. Or misunderstanding caused by reliance on any of the information provided or inferred. Gee, I wish legal was easier to say, Jane. So we think these disclaimers are important and responsible, and we do them because we think it's the right thing to do. And with all that out of the way, I'm very well, thanks, Jane. Over to you.

Well, thank you for that. Well, welcome everyone. And this is obviously our August call. Can you believe it? We are eight months into the year. I can still remember sitting down the beginning of the year and starting to write down my goals. So, you know, we are well into the year. I mean, I haven't seen. Have you seen any Christmas decorations yet, John?

Not yet, but they tend to go up pretty late in my house. Kind of Christmas Eve.

Ish.

Yeah.

Look, guys, this is our, I guess a special forum for our club members, the members of the Ultimate Guide to Renovation, also obviously the Investor's Choice Gold and Diamond clients, and any of my mentoring students. So welcome to you all. This is a call that happens every month where you get to ask John and I questions. And obviously we're in the your property success club group all the time answering questions as well as the incredible community there that have such a wealth of knowledge. But it's our chance to catch up. It's our chance for you to ask us something live. If you're watching the recording of this, well, you know, next month you can send us some questions through when we post that we're going to be doing this call. It's the 12:30, the last Thursday of the month, which means it's going to be September next week. So I'm really keen to hear any of the questions you have, any challenges or any roadblocks that we can help you get over. But I also would love to hear about some of your successes as well. So with that all out of the way, you can actually, if you would like, you can send questions to questionsourpropertysuccess.com at any time. And yeah, that's about it. So that's what this call is all about. We're here to be part of the community and share with you our knowledge and what we're up to, but also learn about what you're up to as well. So, John, what have you been up to this fine month? Very, very busy.

Yeah, another busy month, property wise. I've been thinking about our next purchase, as in mine and Eileen. So. And one of the things that I've been exploring this month is the, the idea of a marriage between the Trident strategy and potentially a cash flow strategy like Ian Ergarte's, which if you're not familiar with Ian's stuff, he does a. It has a version, essentially a modern day boarding house where you buy a house, it's all within the legislation of the state and the council and you have multiple people renting at a room level and obviously that can boost your cash flow substantially. They're talking, you know, typically 10 to 15% now where we're typically looking for capital growth suburbs in the Location Masterclass and in the Ultimate Guide to Innovation, we're often looking at percentages of yield that are in and around the, you know, 2.4 to 2.7%, particularly if you're thinking of Melbourne and Sydney. So the idea of that is very appealing. So I've just been doing a little bit of exploring there, Jane. I've got a couple of. Maybe we can talk about those later. A couple of question marks around where it deviates a little bit from what we would talk about in terms of.

A.

The safety and having the safety net there, particularly around typical house. But nonetheless it's a really interesting idea, the marriage of those two things. A highly focused capital growth strategy, buying under market with renovation with a high rental yield based on renting per bedroom.

And we've had this conversation a lot recently with our community, haven't we, John? There's a lot of people who are feeling a bit of a cash flow pressure. They love property, they want to still continue to invest and I think the idea of getting that location right so you have the growth and getting the cash flow so that you can continue to hold the property. And then obviously part of the Trident strategy is buying below the market. By understanding and analyzing the market and being very good at negotiating gives everything in its context. So I think it kind of brings everything together with a lot of what we've been talking to people about. And we're also always continuously looking at ways to, you know, confront some of the issues that you guys are facing. So cash flow is an issue and hence, you know, we, we looked out into the market to see something that we could find that was really going to assist people. So it'll be exciting to see the journey that you go on.

Yeah, it's going to be good. And I agree it's something that we've heard a lot in doing the done for you calls each week. A lot of people are feeling the pinch.

People, what they are.

Yeah, sorry. So our done for you service where we're going and finding properties or suburbs for people, which can be just that research component or actually going all the way through and hiring a buyer's agent, one of those areas that we come back in as a result of that search and taking people all the way through the property. So I'm doing these calls each week as a strategy call as part of that service. And yeah, lots of people are feeling the pinch. Obviously a lot of, you know, expenses have gone up. You know, things like electricity is now very expensive, wages haven't really kept up. So there's definitely people that are feeling it at the hip pocket each week. And then obviously there's the problems of running up into borrowing ceilings that have, you know, essentially come about. You know, if you've already got a couple of properties and you're running into obstacles as a result of apra, what are some of the ways that you can, you know, continue to invest now and continue to build on that, you know, that. That freedom plan of, you know, 10 to 15 years and yeah, actively do that. Not get stopped by some of these changes that are coming through.

Absolutely. And I think continually trying to find things that can try to help our community and understand what your issues are and how we can assist you is where we are. So we've had a bit of fun doing that. And we've got John new employ employees also this month. We've had some really great, exciting people that have joined our business as well.

Yes, that's right. And I mean, I know guys that have been around for a while would have seen posts on the Facebook page at Various points, looking, you know, we're looking for people to join the team. So we've had a couple of new members. One that you'll probably be running into more than the others is Arlene, who is our new customer service manager. And she's fantastic. Really super impressed with Arlene. And our feedback that we're getting so far is also, you know, very, very positive. So she's got a long history in customer service. So say hello to Arlene if you run into her. Of course, if you've ever got any problems of technical nature or, you know, video is not working or a link's not working, all you need to do is email supportourproperty success and that will go straight through to Eileen. And if it doesn't, if it can't be solved by Eileen, it goes to our other new staff member whose name is Diego. And Diego's from Colombia originally and he's a tech whiz. So he's helping us out with all of that technical stuff which we used to do, you know, through. Through contractors and through an agency. Now we're doing that in house, so really started to build that capability to be able to, you know, deliver consistent technical support.

And that's not to say that our customer happiness manager, Diana, is not still around.

That's how you're going to get on the phone. Yeah, absolutely.

Okay. Well, all very good. Oh, we've got a bit of a message here. Who is this? We've got, I think Kieran says hello. Hey, guys. It's nice to see so many of you watching this live as well. I know that many people can't get away, but 12:30 lunchtime, last Thursday of the month, that's what we're here for. Anything else, John, that you want to fill us?

No, nothing that I can think of from my end, Jane, but I'm looking forward to hearing all about Robert Kiyosaki. And yeah, I guess the, the. You had some people come down for that, which we also had our research team get together and. Which was a great thing. But I'll let you talk to that.

Sure. Well, you've probably seen here, I've just got the page up on the. Your property Success Club had a fabulous day on Monday in Melbourne. There was a number of people that we ran into. There's a photo in the top right there you might see of Lou, which is really quite exciting. Lou and I managed to secure front row seats like the typical nerds that we are. We had Jude and Sang and we had a number of people who we had a bit of a meet up in the morning which was so nice and was just really exciting to have people there. I did, as the nerd that I am, actually go in and get the platinum guest seat so I could get a photo with Robert Kiyosaki and have a chat to him and Kim. And it was lovely. Had a lovely little chat to Kim also. And you might recall, you can go back and have a look at the your property success podcast where we interviewed Kim last year and she is an amazing dynamo. She shared some of the deals that she's doing on her six and a half thousand properties that she's purchased. She's the property person in the relationship. So she was really very interesting as well. If you haven't read her book. Oh, I even have her book here that I can show you as well. But if you haven't seen her book, this is what it looks like. And now I even have it autographed. So very exciting. Autographed by Kim. And of course Robert got a bit upset and he wanted to have it autographed as well. So Robert and Kim, which is really exciting. So look, it's lovely.

For people that, that don't know the significance of that. Robert's book was the one that got you started, right? That was the, the turning point.

Okay, well here's another show and tell and that is that yes, it's true, I do have his book. I think he might have been proud of me because I did get it 20% off. So, you know, got a bit of a discount as well. So this is the 1997 book that I bought and read in 1998, I think. I don't know if this is the original 1998 book because I have bought this book four or five times over the last 20 years and given it to people over that period of time. So, you know, I really, it's a book I love and I was only really introduced to Kim's book last year, but an amazing read and she's very generous and if you want to know what's in that book, go and head out and have a look at that podcast.

Because the crux of it though, just for people that haven't read it, Jane, can you give people a high level synopsis?

Okay, well, it's interesting you should say that because we, for all of those people who kind of, you know, decided to come along with me and be on the attend the rich dad, poor dad experience, we caught up yesterday as a webinar as well, which is really very Exciting. So we had. I might even have to use my whiteboard here, John. We had a catch up on the webinar to have a chat about it. But essentially as my son's artwork gets to be moved, essentially the theory is oh my gosh, is it permanent? I hear you asking. So the theory here is that you're either. Can you see this?

Might have to tilt your camera just slightly Jane. I think just cutting off at the top. Yep, there we go. Yep, perfect.

You're an employee, you have a business. So like you're a like a self employed kind of business person down here. And that's really where you know, if you've read the emyth it's a lot of people buy a job, you know, you get a job, if you take some time off, you really. The business collapses and you have no income. This is being a business person and this is where you have over 500 employees. So this is quite a significant type of operation. And then this is the full time investor and this is where you know the goal is for people to be. So in that I quadrant and so you know we have Robert talks quite a lot about how we can move from that employee or small business quadrant to an investor quadrant. And it's all around cash flow. It's all around having money to allow you to be able to fund your own existence. Some really interesting and exciting things that he and Kim discussed. He was on from about 8am to 9:30 and then he was on again from around on the stage. Anyone who's watching who was there with me about 3 o' clock to 6:30 at night and with Kim and yeah, look, an amazing man. Interesting conversation. Kim went through one of these deals that she had and there was an option that someone put in to take a 99 year lease option on this property with the ability after 25 years to sell it. And they said to be quite honest, you know, you're probably not going to be around in 25 years. And she said no, but our properties will. They don't have any plans to sell their properties. When as all their money, all their properties are cash flow positive, that money then starts going to charity, which is just extraordinary. I think he's got like five Lamborghinis, John. I don't think he needs any more doodads. But it did motivate me to once again have a look at that cash flow game and cash flow kids and that conversation. He bought his accountant and his lawyer and his stockbroker over from overseas. They'd also talked about the fact that there's a number of. My Disneyland thing. There's a number of different incomes that you can have. You can have an income from real estate. So where we normally play a real estate from paper, which is stocks and from commodities and from business. So he's really saying to create passive income, you can really have income from four different places. He doesn't believe in paper or stocks, but he did coincidentally bring out his stock market person who had his 10 and 13 year old sons on stage. He taught us all about put options on the silver market, which was a little bit confronting for me. And commodities. He has a lot of money in gold and silver. So he did show us some very interesting graphs that indicated. Actually I can show you that too. No, I can't. No, I put it away. I filed this morning. But he has an interesting graph that he showed the gold, the value of gold and the gap value of the dollar and the value of the dollar or the yen and everything against gold going down. It's like gold's gonna hold its value. So interesting conversation. They really were very inspirational. Obviously they're professionals at what they do and meeting them. I went backstage afterwards and participated in a small Q and A with a small group of people. I've videoed it so that you guys can share in that. So go and check out that video because I think that was really interesting as well. But yeah, lovely. Really enjoyable. Very exciting.

Such a huge impact, that book, hasn't it? And that concept of not trading your hours for dollars. Massive impact.

We'll kick that.

You can tilt back down.

And now Jay and I think the. You've got me again.

Yep, perfect.

I think the other thing that was that I found really interesting as well is that we've got. It's interesting that there's so many opportunities to have such high quality speakers and people have been so inspirational. Like I remember doing a Tony reading Attorney Robbins course, the book. I've never done his course, but I read his book 25 years ago. And you know, I read this book 20 years ago, 1998, I was 28, turning 48 this year. And you know that has that, that question around, do you work for your money or does your money work for you? Changed my life. So I can honestly say that some. I know I look at books all the time and I know even with some of the feedback that I get from my book, which is just insane, I'm definitely not in the caliber of the people I'm talking about at the moment. But you know, emails That I get from people to say, you know, you really. You really changed my perspective on property, which is what we're trying to do, which is exciting and something more exciting for the month, we're in the. Your Property Success. No, your Investment Property magazine. So in the next, you can change.

The name of it. Your Property Success Investment. Yeah.

Put that on the list of things to do. Hey, John.

Yeah, that's it. That's it.

So we've got this article on. Which just happened to be sitting here moments ago on renovation. Do you want to have a chat? We're going to. In the next few months, we're going to be working with. Contributing to your investment magazine. There I am, casually reclining and. But we've taken on the outdoors, John, which is a really interesting topic because a lot of people do all the renovations on the inside and they leave the first impressions to the will of the world rather than thinking about it.

Yeah, that's right. So just zoom out a little bit. You've got a whole series of these that are coming up. I think it's six. Or is it seven, Jane? Six. Is it at least six? And probably more after that. And covering a different topic each week. But yeah, this is a great topic, I reckon. The outdoors. And it's an exercise that we always used to do in the bus trip when we were doing the workshops for suburb selection and thinking about. We would pull up outside of the front of the house and then we would get everyone to face us facing the bus and away from the house and tell us their impressions without looking around, of what they saw when they came into that street and their impressions of the house as they laid eyes on it. And what's revealing about that is how strong people's impressions are before they've even really considered any of the facts about the street. But just the emotional decisions that they've made. Street appeal and how the property looks from the outside has a huge impact on the resale price and revaluation price and also even rental demand. So, yeah, it's a. It's a big part of the puzzle. Can you hear me still, Jane?

Yep, I've got you.

Okay. Yep.

I was having a little, you know, technical moment there. Sorry about that. Well, look, for all those people watching, if you have a question, if you have a webcam and a microphone, please, you know, connect yourself up. We'll bring you out of the lobby, click on the link above the video of us chatting here, and we'll bring you up and you can ask your question live. But, John, More exciting things that I've got to share for the month as well. Not just Robert Kiyosaki and the magazine article, but we were also. We also had quite a very exciting time on Sky News, so had the opportunity to. They asked me to come into the Melbourne studio and do a bit of a cross a couple of weeks ago to chat about renovation and you know, we had so much fun. They asked me to come up to Sydney. So I co hosted on Saturday and I had a lot of fun in doing that. So we've got a few links there in the your property success page. There's me chatting away with my hands. Yes, I am a hand speaker but I had a chat about growing my portfolio and how you didn't have to have 100 properties to grow your portfolio. But I also then had a bit of a chat also about how you can have locate properties you can locate. And they really pushed me, John, to share a couple of those areas. So a few too. So I'm not sure if anyone's interested and there would like to know if you'd like to see me share some of those suburbs and why. Please type in the page and I will. Otherwise we'll get on with some other questions. But yeah, it was really, it was a lot of fun. We'd love you to click on the link and follow Twitter and like it or leave a comment or share it on Twitter. You never know. If they think that we're pretty popular, they might ask me back again and I'll share you with you some of the suburbs that I think people should be looking in across Australia.

Yeah.

And yeah, so that was, I guess that was around about what we'd been up to, which was a lot of fun as well. And John, we've got some questions so I reckon we should jump straight in. Oh, I do have one person, Chris. What's Chris is saying here? Yes, please. Yes, please show me something. Well, one more person. If one more person asks, Chris, I will show you a suburb and I'll tell you why I considered it. So waiting for another person to add their comments. So here we go. Sounds good. Refining out the suburbs. Well, there you go. That's the extra person. All right, so let me show you those suburbs. All right, so I'm going to head over to Location Masterclass. Now, if you're a student of Location Masterclass, you have access to the Suburb Selector software and if you're in the Ultimate Guide to Renovation, you also access to the Suburb Selector software. Now the Suburb Selector software and the methodology about how to find suburbs and areas that are going to go up in value is something that we're really proud of, John. We have that information coming through every month from SQM research which is really exciting and it gives us an opportunity to kind of look in suburbs. So for instance, you can put in your purchase price, you might be happy to go 20 or 30 or 40% below that and you might think you're a pretty good negotiator and you can go above that. And let's just say we wanted to be within 20k as the CBD. So with the methodology obviously that we teach, we have the ripple effect and the dot map and we've got a couple of questions about that this month. But we also then bring all this information together for you. Now one of the suburbs I profiled was Fawkner, John. So Fawkner, for those people who don't know where Fawkner is, is actually a suburb of Melbourne and it is to the north. So we have the city, we have Coburg, Brunswick. Brunswick and heading up here to Fawkner. So it's just below the ring road kind of area that m80 before we kind of spill over into the Broad Meadows area. So let me just. So I was looking for something that was under the median price for Melbourne. We've got more people saying yes, yes, yep, we want two of them. A lot of people asking for the things and regional cities. Oh, we can have a bit of a chat too. And Sydney suburbs. Okay. So a lot of people are looking for these suburbs. So I'm just going to take you through this methodology now. Obviously what we've got up here is we've essentially created for you a digital dot map. So we've essentially gone through and said what are the neighboring suburbs? Because we're trying to find these suburbs that are closer to the CBD and are actually more expensive to make sure that we actually have a bit of a pricing pressure on it. But more importantly, you might recall what we're also often trying to do is we're trying to get at least a 2% increment on that 10 year growth figure. And just a heads up and a reminder only because it comes up frequently, John, is that where is that 10 year growth figure? And I'm just going to show you once again when we get into the information in the back of the magazines, I'm in the your investment property magazine here. And when we're trying to find this information by yourself, you will see across the top here, 3 month, 12 month average annual growth, 5 year, 3 year, 5 year average annual growth, which is really painful to be able to read, especially without glasses with my age, is average annual growth is the 10 year growth. So just so you know, but obviously if you've got access to the software, we do all that for you. So we're looking for that 2% increment rule and then I want to be able to have a look at the percentage of rented. So on average we're looking around about 30% renters. And often in my first pass I'm happy to go a little bit below that because I know that there's a number of areas within suburbs that have the 30% even if they might report a 25% renters. So this is okay, I'm looking at the number of sold per year. I don't want to be looking in a suburb that has less than like, you know, 80 sold. I don't want to have five sales a year. And the yield, I'm looking at that as well. And then once again I take this through to the suburbs sector software and this if you had a number of suburbs, this is where you get down to the more analysis around. It's a three bedroom house we're looking at. It's a typical property, is the house, not semis and units. Large number of sold per year. We're seeing that it's got a consistent good growth figure that's happening but hasn't necessarily had the huge growth that we've seen Melbourne have. So but it's still above the average Melbourne growth. We've got a good percentage of public housing. If I see a high percentage of public housing here often, I see a lot lower average weekly income and a lot higher percentage of renters. The days on the market has dropped in the last quarter, but there's a lot more properties on the market so more people are willing to sell and that might be because the pricing pressures come off. We've got more days in the market so they might be up for a discount on what their asking price is. And the vacancy rate is low. So at 3% I'm always looking at below 3%. So John, that's one of the suburbs that I covered. Go ahead and watch the rest of the Twitter interview and I'll also share with you one of the suburbs that was in Brisbane as well. So that was a pretty quick little rundown. But you can see there that that was how we kind of went through the suburbs. And we've got a question here about regional. So Annemarie is Saying what about regional cities? Well, Anne Marie, when we created the suburb selector software, we definitely wanted to make sure that we had the most available suburbs that have the most success around the high growth properties that are available to you or high growth suburbs. And you can see we have some major regionals here, Newcastle, Wollongong, Geelong, Sunshine coast and Gold Coast. It is interesting to note that we did have at one stage in there, John, also Bendigo and Ballarat, but the number of sales were just so small. We actually had a real issue in actually making sure that those sales were reflecting the right information. And you know, when you doubt one little bit of information, you doubt everything.

So all you need is that one, one bit to be wrong and then you question all of the information. That's, that's the problem is that a lot of those areas just don't have enough data to be statistically reliable. So perhaps you might be basing some decisions on other reasons, like for instance that Terry Wright has done a good report or something like that. But we're not able to get enough data to do this process on that area. And some people, and I would actually think, and rightly so, won't invest in regions unless they've got a really thick data set there. I know Medine Simmons, who invented that dot map technique, talks about this. She just will not. There's so many suburbs she could look at. Why would she bother going somewhere where the data set's not there to really prove out her ideas or her hypothesis?

Yeah, and I think the thing is, I mean anyone who's gone to try to find all the information for the suburbs, they're interested in the back of the magazine suburbs. Like the software was able to cut down that time frame for you a lot. So it was a bit of fun sharing suburbs. I think what I might do, John, is potentially share a suburb once a month with people. When we go through this and you let me know ahead of time where you would like me to have a look and we'll go through and we'll do a live kind of look at that area. So the area that gets the most votes, we'll go for what about that?

Sounds good.

Okay, so not a lot of other things for the month that happened, which, you know, I'm willing to share.

We had one. Willing to share. We had one question there before Jamie. It seems to have disappeared from me. We're looking at it before the, before we started with the. Starting at minus 5 to plus 5. Yeah, I can't say that anymore. Can you still see that.

Yep, we'll go to the questions now. So we've got a couple of questions. The first question that we had was from. I have got. I don't know if you can see my questions here. We had a question from Emma which was where do you get good statistical information on vacancy rates? The information on the Suburb selector software seems to be a little bit different to the back of the. Your investment property magazine. Great question. Now the magazine itself has the information on stock on market and vacancy rates and you can actually check here and see that the vacancy rates information does come from SQM research. So we're actually looking at this information now. So this magazine has come out today, hit my hot little desk first of September. This is the September edition of the youe Investment property magazine and the data is from July. Now as you can see here on my screen the SQM research is where we get our data from and that information comes through every single month. So you've actually got the latest August information so you're at least a month ahead of everyone else and with that information as well, let me just. We just had Faulkner so why don't we just keep on with the Faulkner quest here. If you're trying to find that information around vacancy rates you can come down here to the free property data and you'll be able to actually get the live information here. Now we have a look at per suburb and postcode.

Can I just pop in there Jane? In terms of reliability sqm, is it that they are the, the original inventors of this data being provided in Australia? So when, when you think of vacancy rates you think SQM research?

Yeah, absolutely. So if you have a look here, you know the information that I just shared with you was 1% was that vacancy rate, if you remember from the Suburb Selector software And let me just see. I'm going to do a quick check now and see where this compares in the actual magazine. So that's 306 and we've got. Wouldn't have expected it to be much different to be honest Faulkner, it was around 12 current vacancies, 3% in July. So there are a few differences there which is interesting to note but I think the thing is that yeah I.

Wonder if they're, wonder if they're up to date maybe on the free page.

I know well this is 1% so this is directly from their publishing. We've got 1% on our suburbs like the software because we get the data straight from them. This is at least July age so interesting comparison there. And yeah so the Thing is that this information is here. It's a good question, Emma. I always double check all the information as well. Well, so I think it's a really important thing that you know where the data is coming from and how realistic it really is. So good job and good question. Let me pull up the other question that we have here and yes, John, they seem to be disappearing on us as we speak.

Facebook thing, I think.

Must be a Facebook thing. Here we go. There's 11 comments. Let's have a look at all the 11 comments and see what comes up. Yeah, it's gone.

Is it gone? Yeah, it's gone for me. I saw it disappear.

What I'm going to do is I'm going to hide some comments and see if they others. It looks like almost that you've only got a few that you can show. Ooh, very, very frustrating. Okay, well we can't even show that image unfortunately. But essentially we did have a question and it was a fabulous question too because someone had shared their. I'm going to stop Facebook and see if I can bring it up again. But someone had actually shared John their Perth net.

Was it Emma? Was it? Who was.

No, it was Emma. Did the first question on vacancy rates. I want to say Caesar. I don't even know where Caesar's coming from my head. But basically the question that came up was they had done a job map and they had taken the original legends that we talk around for the dot maps and then they went through and they had a look at the Perth market and when they had a look at the Perth market, this is so funny, it's just disappeared completely. When they had a look at the Perth market they did the dot map. It was such a great dot map. She. Okay, hopefully it pulls up a bit later as well. Yeah, when she did the dot map for Perth, everything's under like a 5% basically growth. So we encourage you to go back, choose 1% increments, have a look again. The dot map that she shared showed that it went down to minus five and up to five. And there was a couple of questions. One was is it a pricing pressure? So is it the pricing pressure that she's looking at that prevents that the ripple effect's doing? And the second question was, should I really be buying something with negative growth? So John, do you have some thoughts on that?

Yeah, I just wanted to give some context to that. And it's something that we see sometimes when people start their dot map is they start off and they write the legend before they've Actually had a look at what the breadth of the data is for the 10 year growth. So what's happened here is all the growth is below, half of the growth is below zero and the other half is above. If you're thinking about you've got, you know, eight or nine, I think we use steps that we have to fill there. And if the market is all the way down here and you start from 0 to 8 or 0 to 9 or 0 to 10, then you're missing out, you've got no data to go there. So they all end up, you don't use those colors. So you've got to look at the data, data first basically. And that's the 10 year average capital growth that we're using which just basically means that it's the 12 month growth averaged over a 10 year time frame.

Yeah, and I think the question that she had also not pull up those things, but she had was around. Sale price of the property that you're trying to look at in the ripple effect. And it's not the, the price and the median price of the property, what it really is is you're actually looking at the growth. So what we're looking at and price is important but we're looking at the capital growth. So where an area has actually grown and grown and grown which obviously is pushing up the price as it grows, as it, as it becomes less affordable, you run over into the next suburb. So you push out. So that's what that ripple effect about. So pricing does obviously have some indication and as you saw me work through the suburb selector software earlier and we're looking at the neighbouring suburbs and we're looking at them and going just let's do a check on this and see if the suburbs that are closer to the CBD actually have a higher price. Now there are some variances to this and John, we saw this when we ran the hotspotting workshop in Brisbane in particular sometimes and in Sydney, you know, you've got this kind of hub of the CBD and we've got this ripple effect but then we actually have these arterial roads that are going out as well and you've got a bit of a hotspot or growth going against interior roads whilst this ripple effect is coming here. And there's sometimes these suburbs in the middle of these arterial roads that have had some growth, bottom growth that actually have some growth potential. And so I think there's some really interesting things that you can do with the dot map by actually looking and getting more intimately involved by actually Doing the dots.

So.

The question was, is it around price or is it around growth? You're actually dotting the map Based on the 10 year average growth and obviously you can get that out of the back of magazines and dotted away. Not every suburb is in the magazine. They have only a certain amount of pages they can print on. So sometimes that can be a little bit frustrating. So don't think you're seeing double or you're missing something. It may be missing, however, the writing is getting very, very small and but you can, you know, go to the source to try to get some of that detail as well. So interesting information there.

Keep hold of the maps too. Keep hold of your dot maps once they're done. They're a great tool to refer back to over the years. So you get a set of them, you know, like Medina. I think it's got them, what, back 15 years or something, Jane?

Yeah, well we've got at least five. We've got.

Yeah, at least five. Yeah.

That's like Sydney, Norman, Brisbane. We've got. If you go through the actual, your property success club page, you'll also find something else that will, you'll see people posting their dot maps because obviously after those modules, John, we do tell people to post their dot maps is one of the actions that they should take.

Yeah, absolutely, yeah.

People aren't stealing things from you. And we also had a conversation this month around a digital map and we've had a few of our students over the last five years do digital maps. It's something that we've created ourselves internally for our researchers for our done for you service where we find the suburbs for you. But I don't know John, could be something that comes out as a Christmas present for people.

You never know something brewing there. Yeah, we've been told, we love the tech obviously but there is something to be said for just taking the time and suburb by suburb, sticking the growth on with a sticker with your hand. There's a, some kind of hand to brain thing that goes on there which gets you really, really familiar with that metro area. And I think you'll lose some of that with the digital dot map. Obviously the benefit is speed, but I would always think even if it's just once, even if it's just doing the first time, doing a dot map the old traditional way with colored stickers and a map is the way to go.

Well, I have found someone's dot map here and I think this is the. Okay, it looks like Perth to me. Yep, it's first and you can see here they originally did the original legend over 10 down to 0 to 5% here and everything was blue or purple. And this is a really telling indictment of what is actually happening in Perth at the moment. So disappointing, but. So that's why we encourage you to go through the magazine or where you get your data from. Just make sure you keep the same data source and you have a look at a number of 10 to 20 suburbs, find out what the median 10 year long term growth is and from that you can then start actually dotting the map, getting to know it intimately and have something that's actually going to give you some of that ripple effect. But John, an interesting, interesting comment that was made which was, gee, it feels uncomfortable in looking at the 2% increment rule that we talk about and applying it to the Perth market and going, are we looking at areas that have performed at minus one and trying to find areas that are at, you know, plus one? Is that, is that. Should we really be looking at negative growth? Which is interesting because. Good question in Sydney, didn't we.

Yeah, it's a good question. We talk about fish, where the fish are biting. There's a bigger discussion to be had then for where's the best place to be parking your money. There might be an argument for, you know, round holes and square pegs there. Perhaps it might be better looking elsewhere. But you're right, when we started with Sydney, it looked very similar. All of colors were the same and in fact we had a dot map that we were using as the demonstration in the very first Ultimate Guide to Renovation, which was actually a Melbourne map. This would have been a 2012 map. No, it's actually a 2011 map because it was 2012 we launched and people were doing them in Sydney and they're all coming out with the same color. It was red. I can't remember what which one red was because I think we're doing the opposite way around to start with. But it was all the same colour either way. Maybe it wasn't red, but. And people were just going, well, this clearly doesn't work in Sydney and there's not going to be any growth again. And then of course we saw the huge amount of growth we had in Sydney then. But again it was just a matter of moving the, changing the increments as well. So we could do it. In fact, some people even went to a 0.5 increment. So instead of going a full incremental of say 3 to 4, they'd go 3, 3 to 3.5, 3.6 to 4, 4 to 4.5. And that way at least they could see, you know, by half percentages of growth where the action was happening, you know, where the movement was.

It was either Rita or Christy who mentioned that the dot map is doing the actual dot map at the moment. So, Rita. Oh, here we go. It's popped up again.

Popped up.

I want to see. Oh, we're waiting for the actual picture to pop up.

Get it before it disappears.

I know, it's weird. What is Facebook doing? But yeah, Christy, who actually had that question regarding the suburbs and how they work. We've got a spinning wheel of death here. Hey, just as an aside, I heard something very interesting this week. I went to my son's school to learn about the Resilience project, which is a program they're putting in place in his school. And you can get the app, which is great. And they talk about gratitude, empathy and mindfulness. They're trying to teach the kids, but they talk about social media and the addiction of social media. And there's two things that Facebook do that just blew my mind that I had no idea about. You know, when you've got your phone and you hit the app and it comes up and you hit Facebook and there's a little bar that goes ding, ding, ding, and you're kind of waiting for it to get going. That's actually, that's there's a thousand people in the addiction department of Facebook and that's actually based on the pokey addiction that people have, which is you get a hit of dopamine waiting and waiting. Oh, I'm going to get announcements. Is anyone going to actually notifications for me? So this little thing that it's got going here for us right now with this ding, ding, ding, I think is maybe they're doing that to us.

It's the hard working people of the addiction department.

And here's the other thing. And I think this is almost illegal. Well, there you go. I got a phone call. I think this is almost illegal. And that's a case of beer, isn't it? When you have a phone call in the middle.

Absolutely it is. Yeah, yeah. And that's you paying me that, by the way.

And the other thing is they found out if you are laying down when you're looking at Facebook, you have you actually stay on Facebook for on average 11 minutes more. So what they did, which is apparently in the terms and conditions of us using Facebook, is for six weeks in the morning, at the general morning time for wherever you're based they turned on the GPS to see when you actually picked up your phone. So they can actually tell the phone was picked up because a lot of people pick up the phone and check things in the morning. And over six weeks they found out exactly when your average wake up time is. And now what they have, because they have that is 15 minutes before that they actually start sending you notifications. And that's why memories and anniversaries were actually introduced just in case you had no friends and no one was going to notify you that you actually had something every morning that you went, oh, I've got notifications. And then you'd lay down for 11 minutes longer.

Well, that's interesting. I had a note of my, my. I didn't have my iPad on WI fi because I'd been using it on the Bluetooth through my phone and I was watching it before I went to bed last night. And then there was notifications on the face on the front of the iPad from Facebook this morning. I thought how did they put those there? Because it wasn't connected in any way through to the Internet. Like it had disconnected by the phone. It was just so it wasn't online at all yet. I was still getting notifications from Facebook. I was thinking how can it do that kind of things like reminders. Yep. Even when you're offline.

Even when you're offline. So basically I do have another message here. We've got a message here from Christie saying she's tried to upload the map again and she's trying to send it to my private Facebook. Oh well that's really exciting. So we'll have a look at that as well. You never know. If I opened up my private Facebook, what could actually turn up here? John, at the moment having a chat to Jody who has been sharing with me some of her before and afters of a beautiful property that she has in Adelaide. I'm not going to spoil her fun but she's going to be putting that up. But yeah, I hope. Christy, have we answered your question for you or do you have anything. We'll put the picture up if you send it through. Any other questions that you have.

And while you're waiting for that, I was just going to mention something that we do in the done for you service when we're looking at the 10 year growth as well. One of the filters, one of the initial filters that we have is that we don't look at suburbs that have haven't at least performed at the 10 year average growth for the metro. And we, we do that with. Not with yield, with. Oh yeah, actually we do it with yield, don't we? Or is it vacancy rate? There's another, another one we do that for too. I'm getting confused between the workshops and the filters, but yeah, so the idea is, and the, the theory behind that is that, yes, you're looking for a suburb that hasn't had as much growth as its neighbours, or so it's getting pricing pressure from its neighbours, but it's had some growth, it's at least performed at a reasonable level. The idea being if it hasn't performed at least a reasonable level over time, potentially there's something further that's wrong with the suburbs. So there could be a whole bunch of reasons for that. Like it's not near any infrastructure or has a high crime rating or housing commission or, or a large industrial area. So there could be a bunch of other reasons why that suburb hasn't grown other than it's just the next suburb along, you know, to experience the growth.

Well, it's interesting. It's interesting. You say, I'm going to do my secret. Can you see that? My secret spreadsheet, which we had to talk about. But that's. This is kind of the numbers that, that I run every month when I have a look at what's actually happening with the SQM data. So we actually bring in 8,500 suburbs every month and do the analysis on them. And you can see here that you know, over, for instance, over the 10 years, you know, Melbourne's done 5.85. We've got Sydney here at 6.79, Woolong 5.94. You know, we've got Paul Brisbane here at 1%, Bendigo, Ballarat, you know, 3 and 4%. So these are low. Just in case you're wondering, this is what the numbers coming through at right at the moment. So in this month, this is the number that, that comes through. And this, shockingly enough, is out of that eight and a half thousand suburbs. When I put on five filters and I started a 650 to $1.2 million price point, which is. Is the first filter, only 130 suburbs end up on my short list. So not pretty interesting.

That's good. That's a lot of suburbs you're not going to waste time looking in.

Interesting comment from Chris. He says that he was in the Facebook Melbourne office this morning and they said that we touch our phones 2,617 times a day.

Oh, wow.

So that's a bit confronting. Tell you what, John, the, the. They'd probably be stuck with me. The only reason I actually pick up my phone in the morning is to do a meditation. So they might be thinking they're sending me things to keep me in bed and that they're successful. But in actual fact I'm probably there for the 20 minutes because I'm doing a meditation, but something completely different.

You meditating bed.

Yeah, I know it's my sister, dad. Right. Some people say you can meditate, but.

I'd fall asleep again if I did that.

Doing one at the moment and different meditation that they say you need to be present so keep your eyes open. And I have trouble in the morning keeping my eyes opening. Like, oh, it'd be so nice to just. But I was doing one this morning, my son came in and said, mum, where's my clothes? I'm like, I'm doing a meditation. Entire benefit of it. Okay, it looks like Christy can't put up her dot map at the moment. She'll probably put it up in the page again. Christy, please try to do that. Interesting. John, I think we've both forgotten about this. We ran a competition last month, month before last.

Yeah.

And the winner of our competition, Leah, is going to have that full done done for you service for her where it just got the researchers engaged. We're going to be tracking that and sharing that with you over the next couple of months. So you can actually see the site behind the curtains of what actually goes on within that service. So pretty exciting. Obviously we'll secure her property first and the suburb first before we start sharing that. So we don't diminish her experience. But it'll be great to be able to share that with you coming up in the next couple of months as well.

Yes, that's going to be awesome.

Okay, we've got another question here. John, can you please confirm. So this is from Christy, that it's fine to invest into the negative suburbs because of the ripple effect. What John mentioned here, Christy, I think is a really valuable conversation and I had a conversation with one of our students just this week and she was looking at a number of suburbs within Perth to invest and we were looking at some of the concerns around those suburbs as well and where she could use the most value for her money. And as John said, you know, you'd have to start thinking, is there too much risk here? And is can all my money be used to elsewhere better. One of the biggest considerations and risks I still see and I know that there's experts out There saying the Perth market's moving. We went through three of these suburbs that she was interested in looking at and the vacancy rate has dropped from like 5% to 3.5%. But at the moment I've got a client, a young apprentice first Property really having a go. Got his mates in, got the property renovated, rented out and the tenants are now subsequently moved out and that property's now been vacant for four months and there's nothing that he can do to get it let he's been dropping the price etc he's under a lot of Australian. We've been kind of workshopping some ideas about how to help. I still find that vacancy rates there quite concerning and in actual fact do you mind if I go completely nerd Nerdville. Want to see John?

Yep, no doubt going for it.

Yeah. Okay so I and some at the moment there's the immigration figures for 2016, 2017. Let's just pull up those and I'm going to show you what. Okay obviously I can't spell. It's become quite Immigration interstate immigration figures. Under abs. I'm going to show you the one that I was looking at so we can compare all the right ones live and accurate. So I went through and had a look at these immigration figures. Now this is what I find quite compelling and scary. You know and one of the things and you can see there's a whole conversation that's been going on recently in the club around some of the figures that came out that said there was only 800 people that were actually immigrated to interstate immigration to Brisbane last year. So 800 people out of the 18,000 people that moved interstate immigration to Queensland last year went to Brisbane. The rest went to outer areas of Brisbane and regional. So I find that I found that quite unsettling to say the least. But if we have a look here, you know we had 13,000 overseas people moved to Western Australia and 13,000 left the for interstate. So it's a minus 550 migration number for Western Australia and we look at the number for Northern Territory. So I guess all I'm trying to say here Christie is to back up exactly what John said is that get to the bottom of the numbers and look at it. Yes, if we look at the property cycle in theory the WA should take off again. But what really concerns me is we haven't really had that uplift of mining jobs which really when they left the market that's when we seem to have lost a lot of the population and the demand for properties and the vacancy rates Went up. This is 2016, 2017. We don't have the 2017, 2018 figures until this time next year, which is really painful. But I mean, just looking at this data, it's a slow turnaround. If you can subscribe to any of their population ABS announcements that tell you what's happening, the immigration, they might be able to give you quarterly updates to say that things are on the move. But at the moment, you know, your question is part of a bigger conversation. And your question is, oh gosh, it doesn't feel right just because there's a 2% increment to invest in negative cash flow, negative growth areas. The reality is that the same in the same day I had another conversation with one of the Investors Choice Mortgages clients strategy meeting. And we were talking about where she had purchased and she had been convinced not to purchase in Sydney five years ago because of what John and I have just discussed about that. Blue zones were coming up, weren't they, John? There was so many blue zones coming up with not a lot of growth in Sydney. They said, Sydney's not moved. Don't buy in Sydney, go and buy in in Queensland. And so she ended up with a property in Queensland that she's lost a lot of growth that she could have had in the Sydney market. Just a little, I guess a sign on that. But I think the question here is just the fact that Perth has never is in that negative. Everything's blue at the moment. Does that mean you shouldn't invest there? No, I still back up the thought that that 2% increment still shows you the fact that prices have gone down. They haven't gone down as much in some areas as other areas. I would think that there probably needs a little bit more analysis around where those suburbs are with respect to the cbd because what we see is that ripple effect when we have the growth and the property prices go up and you push over and out, you often see that come back in as well. So you're going to see more negative growth potentially in those outer suburbs moving in. So it's kind of like the reverse. So it is interesting to look at it. I think it probably needs a little bit more thought around it. But you know, the ripple effect is something which is happening in an expanding market. So I don't necessarily believe that in that retracting kind of market when you do have all those negatives that, you know, it is as valuable as a tool as it is in a growing market. John, do you have any thoughts on that?

No, it's I agree. It's a good insight. I guess there's a thing it's very hard once you've started a search to I guess abandoned. It's a bit like you can get, you get committed to the outcome or the area. And I've had to change suburbs midstream sometimes. You know, we've seen people change capital's midstream sometimes and you're invested in it and it's. And it's hard to think about the other options. I guess where we come from is we're removed from being attached that way where most days of the week we've got people coming to us and saying and there's a spectrum of people that come to us and some of them say okay, where's the best place to invest in Adelaide? And they want to keep us within those constraints. And then other people come to us and they say, okay, I've got $650,000. Where's the best place in the country to park this? So you know, where's the best, you know, possible place to park this for the highest possible return over a 10 to 15 year period? So in our eyes has been removed in the way we are the latter that that agnostic investor, borderless investor is what we would consider the better client and the client that we could get the better result for just in completely being realistic and taking all the emotion out of it. So I guess that's where we come from. But I do understand when you're in it and you're invested in it, it's harder to take that on board.

Yeah, absolutely. Well, we've also got someone who says, hey, it's interesting to have a look at that Victoria has the highest net growth as well. So you know, if we have a look at what's happening in Victoria and it's one of the reasons that, you know, we talk about Victoria's population and what we're seeing there and why it's a driver and potentially why it might come back also because it's a lot cheaper than Sydney come back in as a market before the Sydney market does. So interesting observation there. John, another question, and I think this is from Christy again. So Rita, I'm looking at buying a rent and hold property in Sydney. There are a lot of suburbs of interest that are in cheaper areas with higher rental yields around Lethbridge park, but they have higher public housing rates. How do I know if these areas may go through a gentrification in the future? So Rhea, thanks for the question. There's a couple of Things here that are important to note. So the first thing that's important to note is yes, you've picked up on the fact that public housing could be of a concern now in Sydney it's more of a concern than it is in from Melbourne, for instance. Because I don't know, John, I think every single suburb in Melbourne has public housing.

Right?

It's part of the.

Yeah, it is. It's evenly. Some of the best suburbs in Melbourne have public housing. So it's a bit of an anomaly.

I think it's like Waterfront Williamstown surprised me that they had public housing. I was like, okay, so it's a good question. And the fact that you've highlighted that is fabulous. Now I'm not sure if you have access to the suburb selector software, but one of the. Sorry, the Location Masterclass. But one of the things that we have in the bonus section here is one of the videos that I have done on how to find out where public housing is or where the renters are in your street. So you can actually go through and have a look at my Census Builder. Okay. Census Builder video. It's only five minutes. You can do this really, really quickly. And essentially what you're doing is you're looking at public housing rather than you can choose the type of landlord that you want. So you can have like government being the landlord. You can do this very, very quickly and you can come up in, in the area that will actually tell you what areas are the ones that are going to be the areas where the public housing where you might want to stay away from. So a, there's a heads up there.

Can I interrupt just for a second? What Maria's got a question there. Maria, what Jane's showing you there. Maria's just said do you have a course on suburb selection? What Jane's showing you there is the. Is the course which is Location Masterclass, Steve, on your dashboard where you log into your Property Success, or you can go to our webpage and just go to our education page. You'll find what Jane's showing you there. So that's what she's actually showing at the moment.

So this is the Location masterclass course. Yep, and the youe Property Success Club too, John. I believe that's in that as the bonus as well.

Yeah. And you'll see every time you log into your Property Success Club, you come to a dashboard and there's a couple of other. If you've got access, for instance to the Ultimate Guide to Renovation or Location Masterclass, you'll see it there. If not, that'll be grayed out. But if you click on the learn more, you can get to it that way or simply just go to our website as one of the easiest ways. We've recently updated that so it's very easy to navigate. Now just up to the education section and then location masterclass.

I will show you what that looks like. So we're very proud of our new website, aren't we, John?

Sure are.

So it's really interesting. That's the done for you service, obviously. Finance book podcast. This is the education and this is that information there around all those different courses and the member access. Hopefully this works. You can see here that we've got the club, we've got the location master class, and we have the ultimate guide to renovation. And if we're going to see that.

Jane's got access to all, she's given herself access to all of those. So she can enter anytime.

See here demographics maps. I never know what people are going to ask me, Jon, so I have to have access to everything. So here's the video.

You don't have to pay for your own courses, Jane. I think that's fair enough.

Okay, thank you. Okay, so that's where you find that information. I really love this. There's obviously a lot of bonuses there, but I love this tool. So picking up. Do you need to be. Oh, question. Do you need to be student of your property success to have suburb selection access? Oh, the suburbs, like the software is only available for the Location Master and Ultimate Guide to renovation students. So yes. And if you're interested, send a question of support and we'll have a chat to you or oh, go to the page I just showed you where the courses are even easier. Now the other thing that I was going to answer the question that was there was gentrification. So the question was around how do you know? How do you know if these areas may be gentrified in the future? Okay, so that's an interesting question around that. So we can actually locate where the public housing is and potentially stay away from those pockets. So that information comes from census. We also have. Or if you have rife house access, you could use that. But we also. The gentrification and I think there's some really interesting information at the moment that's coming out around what's happening in the market. And I'm going to see if I can pull it up quickly. But there was a very interesting article this weekend by John McGrath, which was around what was happening in western Sydney. And I think you know, when we have a look around what's happening in western Sydney and some of the hubs. Parramatt has been developed into one of the major CBD hubs. You've got the Badgery Creek Creek airport. The information around the Badgery Creek Airport, which I found particularly interesting was. And I'll find a copy of this article and I'll put it here for you. But it was around the fact that they're going to need 11,000 people to build the airport. Now, we saw what happened in Gladstone when we had the LNG plants, we had all of those people on the construction phase and then when they had to run it, there's three guys that had come. I mean, understand it's not three guys, but there's a few that just need to push the buttons with the Battery Airport, they're going to employ 25,000 people there ongoing. So there's going to be a real need for property in those outskirts kind of areas and there'll be a demand to that. I've been talking to friends over two or three years ago that were basically looking at the Badger Creek Airport and looking at the ability to buy large pieces of land there and rent them to warehouses like the Amazons, etc. And I've just seen in the media in the last week that someone said, wouldn't this be a good idea? So, you know, there are things that are happening in that area as well. But if we take it away from the Sydney market, we apply it to any market that you're looking at, you can get down obviously to the pockets, potential within an area. And when I looked at one of the suburbs on the weekends on the Sky News TV for the Queensland suburb that I had a look at, I actually had came up with a census map using this exact same technique. Took me five minutes that said where are the houses that the renters are living in? Because that's what I wanted to target. And you can choose where are the public housing? So you can do that and then you can have a look alternatively where the houses are that people are living in that are not government housing. So, you know, some really interesting information that you can pull up. Gentrification. There's a couple of things that actually, John, I'll share the screen with you for this because I think it's an interesting conversation because one or two new things have come up, but the indicators of gentrification. Shall we have a bit of a chat around that?

Yeah. Smashed avocado is the primary one. Smashed avocado on the Cafe menu? No, I'm being a bit facetious, but it is kind of true though that you see that happening. So we were having a conversation about this yesterday in a presentation we're putting. It's actually a workshop for location masterclass online students and without. It's quite a complex overall subject. But if we just take out the bits on gentrification from there, we're talking about what it looks like as it starts to occur. And the conversation started because I had a flat tire and I was standing on my street and I was, I was looking at this row of eight houses and when we moved in there, which is over 12 years ago now, of that eight houses there were seven of them that were unrenovated and only one that was renovated, which was renovated probably about five years before. And yesterday when I was standing on the street before waiting for a lift to work for my flat tyre from my partner Eileen. All of those houses are now renovated with the exception of one which was renovated in the 80s, which an old lady has been living in there since, you know, the 1940s. She grew up in the, in the house. But every single, you know, apart from one of that row of terraces now renovated and that's replicated all the way along the street. And the other thing that's happened is all the cars have changed. They all used to be kind of 5, 10 year old, you know, old beaten up Subarus. And the cars have changed. They're all four wheel drives and stuff now, you know, Toorak tractors with mums in them, driving the kids to school. So that's, that's what it looks like over, over a period of time. But what it looked like at the time was the houses continually. Well, places that are on the other side of us, you know, in, on the city side of us started to grow and get cool and all the people wanted to rush in and live there. And then the prices went up and then they spilled over into the next suburb and which was out our suburb in Brunswick. And when we got in and then the house prices went up and then the unit prices went up and then they spilled over into the next suburb along, which is Coburg. And then we saw the same thing happen there. But yep, part of that is all of the gentrification that occurs. Those houses getting renovated, the menus changing, the cafes popping up and everything becoming very cool. Jane.

Absolutely. And the other thing is, I mean there was a report that was put out by Pipa actually this week around gentrification and their research on it. And we've been throwing around this because we're looking for lead indicators because we obviously, we want you guys to be able to not have to depend on the fact that there was an organic shock that that's, you know, been added in. But, you know, and therefore, you know, therefore, you know, the gentrification has come. But it's interesting. I saw a map once, John, and they had the price growth and they had the voting information from the census ballot box. It was like where all the Greens were in Melbourne was where there was like this price growth going on, Green voters. So that was kind of interesting. But one of the things that people came up with last week was that when there's a growing income that for the female in the population in that suburb, they're starting to see dreadful happening as well. So that could be, I think, because I was saying to you, I think it's something weird. It might be something around, you know, Netflix subscriptions or it could be something around the fact that people put two bins out rather than one bin out. I don't know what it is, but I think.

Or something like that.

Yeah, exactly. Well, I think, I think it's like an eight. There's an AI exercise that could be done on this. But my gut feeling is that there's. If we were trying to anticipate a lead indicator of buying, somebody buys more cats. I don't know. But I don't know what it is. But I have a feeling that if we could take the big data push and go. Okay, so let's see the correlation of what happened 6 months, 12 months, 18 months before a market started moving. And they're really happening. What were other things that were happening at the same time? So I think there's some exciting things there that we can look at.

Yeah, absolutely. Yep.

And guys, I've just added into the, the Facebook page that article I mentioned on the stats and the information from Sydney. So that you're not going to miss out on that. And who have we got here? She says, if only. I purchased in Badger Creek surrounding areas years ago. Now there's such. Such a massive entry cost and a lot of those areas will be developed into new housing estates, new commercial. I wonder how it will affect older surrounding areas that are existing. Yeah, really?

I remember discussing it. We discussed it a lot, didn't we? But like five years ago.

Yeah, yeah. Well, I remember doing a workshop and coming up with the area of Granville and everyone was like, granville's too far out. And I'm like, look, there's that Western corridor population growth. Like, let's have a look at it. So. And we've got a couple people. Rita says it's interesting location. Masterclass looks really good. And we have people chiming in saying, yep, I'm a student. It's well worth it. So thank you so much for that too. So. But, John, anything else? I don't see any more questions here that have.

No, none that I can see. If we've missed any apologies. Facebook seems to be taking them down as quickly as they're coming up for some reason. No idea what's going on there, but hopefully we've got all of them. Looks like we have.

Well, I guess we've done it again. We've answered every question that was thrown at us. And you know, guys, this is what these calls are all about. You know, we want to do things, live as you see. You know, you're going to see how I search for things and how I look at things and have the benefit of John's experience in everything that he's done as well with the developments and flips and years of experience of doing renovations and buying properties. So we're here to support you. This is what the club's all about. We encourage you to support each other. And please, we're really looking forward to looking at some of the posts. I want to give out some more stars, people who have been doing some great renovations. Really interesting posts that are going on at the moment in the club. We've got Paul Lu, whose properties has been eaten out by white ants with up to a $200,000 cost on that. So that's. That's horrific. The strata are not taking responsibility. So have a look at her experience there as well. And some of the other stories that are going on in the club are just riveting. And thank you so much for sharing. We're, as I said, we're going to be featuring. Grab your copy of youf Investment Magazine. We feature on our first article on how to improve the outdoors, John. We then move on to bathrooms, living rooms.

Yeah. Oh, that's. That's right. Guys, please tell us about your case studies. We know sometimes you get on the phone to someone and they go, yeah, I bought the Ultimate Guide to renovation in 2015. We've done two renovations since then and we've never ever heard of them inside the Facebook group. So we know that you are lurking there. Please out yourselves. And because we'd love to showcase your innovations even if they are a couple of years old, that's no problem at all. We'd love to showcase them and obviously it helps other people enormously to see real examples of that. People get a lot of value out of that. Can I just say one more thing before we finish up, Jane? At the moment we're doing a lot of surveying. You may have noticed that Jane sent out a survey last week around getting financed for people who are getting their first investment property. We've got a couple of other surveys in the wings and these are all designed. We're putting some books together and we're thinking about ways of reshaping and delivering our services to be more effective. So please, if you can take spare a couple of minutes and provide us with feedback on these surveys as they come out over the next month, that really does help us a lot to help you and we really do appreciate you taking the time to do that.

Absolutely. It really helps us knowing exactly how we can serve you the most. And if you saw the number of whiteboards that we have here in the office that are running at any one time, I think we've got seven at the moment with people's feedback from surveys and how we can help you. So we're in it. We're in it together, guys, boots and all. And we're here to help. So please, you know, if you could do those surveys for us and give us some feedback, it allows us to serve you even better. So thank you once again to everyone, thank you to those that could attend live and I'm so glad that we could answer your questions live. And Rita, it was lovely. Her face actually popped up earlier on before we went live, John, and she was just going to watch, but she was in their boots and all and had some questions to ask. So that was really nice as well. And thank you so much for the feedback that we're getting from you guys about, you know, how valuable you find these calls for those of you in the club and etc, you know, we've got four years of them, John, every month that you can go back and listen to. And I know people do that because I hear it all the time on our strategy calls. So thank you so very much for your feedback.

Great. Thanks guys.

Here's to your property success. Have a great month. And please send us questions once again under underneath the the videos and we'll go back personally and have a look at them if you have them. And we'll deal with them either in the club, but next month when we schedule the next call, please put your questions in or send them to questions your property success.com and we look forward to speaking to you soon.

Okay. So, yeah, bye.