Your Property Success Mentor Call January 27-01-2022

Hello, hello, it is Jane Slacksmith broadcasting to you this January 2022 with a few little technical issues to start off with, but hey, we have learned resilience over the last couple of years, so there's nothing that's going to hold us back. So welcome to everyone. Whilst we're just getting on board and checking out sound and that we're coming through loud and strong, please just let me know that you can hear me on the Facebook page and that it is coming loud and strong because we have so many things to talk about and I'm sure there's a lot of questions that people have as well. So it is 2022 and I hope you all had a wonderful break. I hope some of you got to catch up on my newsletter that I sent out yesterday. A bit of a An Australian Day. How you all going? I think, you know, Australia is quite unique. We've got a lot of business partners around the world and they keep saying to us, you know, it's almost like you start booking Christmas parties in November and you check out until the Australian Open or Australia Day comes through. And I guess to some degree that's a bit true. Personally, it has been a little bit tougher for us here at your Property Success and Investors Choice mortgages. We had a number of our team in the Philippines knocked out by the typhoon and spent a week trying to make sure they were alive and then well and with fresh water and power. So bit challenging. And then Covid has taken out quite a few of the team as well. So I was Robinson Crusoe there for a while last week. So if I didn't get around to all of your questions that our amazing support team usually looks after, that's on me and I apologize. So hit me up again. So yes, we will be having recordings for this and as like the last nine years monthly calls. What I am here to do is just answer your questions. So please, you know, chat, put them into the chat box. If you want a deal review, you've got a property you want me to have a look at. This is your Q and A where you can ask me anything. If you'd like me to check out what's going on, that can all happen as well. So for those of you who've been watching the financial markets, it has been a turbulent couple of days. Those who are into the bitcoin phenomenon will probably be feeling a little hurt at the moment. The share market has taken a bit of a tumble and the US Fed bank has come out with quite an extensive program Going forward, which includes raising rates and probably stopping a little bit of the easing of, of monetary policy, which all doesn't bode well. Mind you, their inflation is sitting around 7%. The two largest economies in Australia, in the world, the US and China are doing a little differently and a little tough if you think about the Chinese economy. They have a zero tolerance to Covid which means, you know, that there's an extraordinary flow on effect to the kind of engine room workouts of the Western world because it's really affecting and distribute and disrupting all of supply chains. So you know, you've probably seen that there's a lot of rat tests that are missing off the shelves. There's a few empty shelves of toilet paper and rice and tomatoes and all those kind of things. But the reality is it's a disruption of the supply chain and you know, it just once again it allows us to see some of the weaknesses. Now I've been looking at quite a few of the experts opinions and they've been filling me in and telling me that there's a lot of turbulence and questions about what's going forward to 2022. I think there was a bit of an optimism around the late 21. We really did get caught up into that frenzy of buying. And you know, I know in particular Melbourne, there's a lot more properties that come onto the market. So although the market projections are still going up, it's a little easier to get in. And you're not the only one out there, you know, who's missing out every single week. There's others that have been in that seat. But what's interesting is, you know, I've really seen this frenzy market in Brisbane which is unusual. You know, a lot of experts over the last four or five years have been saying it's Brisbane's turn, it's Brisbane's turn. You know, always the bridesmaid and you know, finally Brisbane has really taken off. And I was looking at some of the figures in for one of my mentoring students yesterday and you know, we've always been looking at 2 to 3% growth over the last 10 years on average in Brisbane. And it really hasn't done any more than that. Poor Perth and Darwin have done negative. And it's really with the last 18 months, Brisbane's up around 4 and a half to 5% growth, which in anyone's book is fantastic. And a lot of predictions for that to come as well. So there's, there's, I guess there's a lot of questions about omicron and how that's going to affect the markets as well. And I think, you know, what we've really seen there is that it has almost been a lockdown of the mind is what I'm going to say because a lot of people are getting it. Obviously personally a lot of people in my business have got it and a lot of my clients have it. And it's not kids going back to school today. I'm sure even though they're going to be doing rat tests twice a week that we're going to be having once again more exposure. So there's really been this lockdown where people have self selected to not participate in a lot of larger events and family gatherings. I know I'm supposed to go to a 90th birthday party this Sunday and an 80th in two weeks time and they were all cancelled as well. So although we're not technically, technically in lockdown I really think that we're actually, you know, we're in a bit of a lockdown of the mine which is actually affecting the economy. So you know, a lot of people out there out spending because you know, although they've got the extra cash, although they've got amazing extra equity and our savings have gone up, we're really not getting anything that is giving us the confidence that we can get out into the shops and start buying. So you know, that's a little bit of a, I guess a top view. There has been also quite a few reports that have come out. There's been, you know, quite a few of the, you know, experts being asked, you know, what's their opinion on the, you know, the market going forward etc. And I think, you know, if I just going to share my screen with you for a sec if you had a chance to, to have a look at my. Just going to pop this up into the screen so you can have a look. If you had a look at my newsletter yesterday, you know there's a lot of conversations going around about predictions for 2022 and you know I've been asked to share in quite a few of these and there just seems to be a little bit of a consensus around the fact that not everyone's returning to work. So you know, when I talk about buying the typical property in the typical area and the typical property you can find through census as to, you know, what that type of property is and I'll show you that in a sec just in case anyone wants a quick little catch up. But you know, this whole productive workspace and working from Home and having, you know, dual offices, et cetera. I think, you know, this is, this is something that everyone is seeing is that everyone's not going back to work five days a week. There's also going to be, you know, on the back of the US Fed and their thoughts around raising rates. I mean I talked about the supply chain channels and the inflation numbers that came out in Australia yesterday that were higher, you know, but we've got this amazing unemployment number that's dropping as well, you know, and we have all of this pent up savings, et cetera. So it's really a distribution problem that is creating the inflation at the moment. And a lot of the economists are saying that we don't have that underlying inflation and won't see that pricing pressure that is going to move the rba. Now the RBA has been very, very strong in saying that then they're going to tighten credit policies and the lenders are doing that. I'm seeing that firsthand. But what is going to happen is that they're also, the RBA said that they won't raise rates at 2023 and I think they, they were going to try to keep up to that. Amp is talking about August. Other experts are talking about a little bit more, one more at the beginning, end of this year. But you know, I think that, you know, when I look at the kind of frenzy of 2022 and what is happening, I think that, you know, there is a weariness of lockdowns, there is a move to the geopolitical areas that have lifestyle and didn't have lockdowns. And I think that's what we're seeing in southeast Queensland. And I'm also seeing this kind of third space of the home. So when we talk about the typical home size being three bedrooms, three bedrooms or four bedrooms. And I know just in one of my dumper you services in December when I was working, facilitating concierging, the buyer's agent for the client who was very busy and looking at all the properties they were sending through. Three of them that came down to our shortlist actually had granny flats out the back that could be used as maybe for work from home, future income sources, a granny or the kids who need to come home. So there's all of those. So you know, the four of us, Tim Lawless, Pita Kalisis, Michael Yardney and I were very much aligned in a lot of that kind of information as well. So I think, you know, that's, that's something that we can be very mindful of is that there is a number of, you know, different things that are happening and there's a number of different ways that we can look at that and look into the market going forward. Now if I just bring up and I will put this into the Stop my video, let me know if you can't hear me. But yeah, there's a lot of regions out there. And Canstar is just hooked up with Terry Rider from Hotspotting. Now I work very closely with Terry and use a lot of his reports for suburb analysis and area analysis and he's come up with these areas that have opportunity to move in the future. Now Terry is a lot more pro regional areas than I am. I'm kind of like they've had a really great run and they probably have a nice run for it another year or two. But you know, this, you know, retreat to the regions I think we're going to see after a period of time that they're going to start coming back. But it's interesting to see, you know, regional New South Wales, Queensland and Western Australia, you know, the three big areas that he's talking about. And it is this kind of affordability and lifestyle. I do think those that are intrepid kind of warriors in the world who, you know, are, are up for being able to uplift their job and move to the regions and start a new and afresh. We'll do that. But for most corporate PAYG people, you know, we need to be close to where our offices are or at least being able to ping in there, you know, once or twice a month, a week or whatever that looks like or have high school kids that we don't really want to be, you know, schlepping it out in the regional areas and we want to give them opportunities to be in schools. So, you know, probably a bit harsh, but that's my take on it. I do think that the capital cities once again read the pain of gain report from CoreLogic. You know, the capital cities, the ones that over the long term, which is what I talk about for investment, is really what you, you should be considering and looking for. And I think, you know, it's, it does kind of play into the conversation about where are you investing and why are you investing and how are you investing for the long term. Is it a long term or is it short term play? So just be aware and mindful. As I said, I'll put a lot of these into the chat so that you can see them and if you have any questions, this is your chance to please put your questions into the text box and we will have a chat now we did actually get a bit of a conversation recently from I'm just going to pull this up from Pepi who is new to the community and welcome Pepe to the community. It's great to have you here and let's just see you know your question and see if I can be of service to assisting you in what what you're after. So Pepe says hi, she's new. She and her partner and baby are first home buyers hoping to make their first purchase in a good long term investment. Does anyone have any advice about dot mapping Newcastle, Lake Macquarie Hunter region or New South Wales or around Nara? See Intrepid warrior can go anywhere. I saw the post about how hard it is to top map the Central coast, Macquarie, Newcastle the so I thought I'd reach out to others and ask let's have a little background here. My partner has a deposit $90,000. Well it's great and they're going to get a pre approval in the next two months. Fantastic. Have a max budget of 680 for New South Wales. So in Newcastle if you are a first home buyer and first home loan deposit scheme, the way that Newcastle area is treated in the cap on the maximum amount you can borrow and still have maybe a 5% deposit for instance if you wanted to go down that route. For those who are watching this and may have a smaller deposit is higher than if you're going to go regional New South Wales like Nowra. So just be aware of that and if you need to first home buyer, you're the first time buyer. If you need to get some information on being a first time buyer and the first time buyer's deposit scheme etc. Just head over to my website. I've got a whole showing here around for first time buyers that I put together after laying in hospital a few years ago and realizing these nurses were buying off the plans and were out there looking after everyone and someone wasn't really looking after them. So I created a whole framework to assist people. But more importantly I've created this updated first time buyers guide to all the states so you can actually go through that and have a look at what those caps are. If you have a smaller deposit they rent in Sydney again. Oh we hoped to be able to rent this but when we scooped it last year we were told our income isn't high enough to get an investment property. Now for those of you who are thinking what does that mean If I'm paying $500 a week in rent in Sydney and I could buy a property in Newcastle as an investment property and get $500 a week. What's the big deal? Well the reality there is that the banks actually shade they call shading it when they look at your servicing calculator and they'll look at your investment and they'll take maybe 70%. Some lenders take 80% of that rent. So now we're down around 400 bucks a week. So there isn't an equality. So it seems in your mind that it would work out? It did when I started borrowing and I rent vested for but now it just makes things a little bit more difficult. So just be aware of that. And the other thing is now in the lenders calculators, you know, normally you'd put in my living expenses are $2,000 a month or $4,000 because I've got a couple of kids. What happens now is that each lender actually has a different way that they calculate living expenses. Some of them say that they're in hem which is the acceptable what everyone has to pay, eating, clothes, grooming, health, et cetera. And some are outside of ham such as my kids in private school and we're paying 500 bucks a month or I'm going on holidays. So there's different ways that these things are treated. So when one lender says no, it doesn't necessarily mean that the others are saying no. So peppy, you might want to go to a broker. I mean obviously if you want you can contact us but go to a broker and just talk to them about the different ways that lenders. I could actually even show you secret mortgage broking software. Let me just come up, let's say two adults and two kids. And let's just put you in a normal suburb, two adults and two kids. You can see here what the HEM allowances are. So two adults and one child. So if you went for instance and had a chat to Bluestone Amp, they're going to say that your living expenses that they just going to accept $4,100. But if you toggle on down to another one of these lenders and let's go down to maybe bank of Queensland or NAB, you know bank of Queensland 3400. So you can see here there's over $1000 difference. So just be aware and mindful of that and it's something that you just need to know about what you're saying. Now everyone's out there, you're with me, give me a thumbs up, bit of love on Something in Facebook. Let me know that you're listening and the information is coming through. Goodness. Reporter from New Daily. And let me just know that what you're thinking around, you know, or if you've had an experience with different lending assessments because I know, you know, I just jumped in and had a look at. Oh, there you go. Trevor's reacted. It's always nice to see a reaction. But yeah, so just make sure that you jump in and let me know if you've got it. If you've personally had a few issues with servicing because it is something that's really happening at the moment. So. And as you can just see really quickly, the different lenders just start with different policies, even how they take your living expenses. So don't take. No, the computer says no. You know, push on. Okay. So advice on dot mapping can do that. We're not fixed on those areas but they seem likely within our budget. So I thought I'd do the dot map on both. It seems creative solutions may be necessary with our income currently, we will be trying to make big moves and sacrifices to get into the market. Okay, so this is great and you know, kudos to also to all of our fabulous people who responded to this and gave some real encouragement. And Pepe, if you're there, check out Susie King, like Susie and her husband and as I said, older investors and I think you can even listen to them on my Borrow My Brain series. But they were really trying to buy their first home. Now I think they have like eight children and 15 grandchildren and it really was an amazing opportunity for them to start their investing journey. And you can listen to her whole journey here. But this is just two years ago and if you jump back in now she's here giving advice and they're moving on to their next property. And I think she said, you know, she's the Property went up 50% last year. Now this is life changing, you know, from not having any property to be able to doing these things. So have a look at that. And the other thing that I just wanted to let you know is that yes, there is people doing dot maps and to some degree they can be a little bit difficult. Here we've got Jamie and Nicole and they were dot mapping back in 2018. So this is the traditional way that I encourage you to do dot maps. Get the map. For those of you who haven't done the location masterclass course or looked at the your property success tutorials, get a map, get an area and get. You need to get a list of the last 10 years of capital growth so that you can actually look at what the pricing pressure has been. Now you can see and set a legend. Sure the ladies here are going to show us their legend. Not sure, but there's a whole conversation in the Facebook posts and if you head over to change this around Facebook, just trying to confuse me. If you head over to guides it must be called now, used to be called units. There's a whole tutorial extra answering questions all the time about dot maps and why we use a 2% increment, when do we need to change increment, legends, etc. So just be aware that there's a whole section in these guides that you can go into and this is where you can go in and look at the last. I think we've got about three years in here in your property success club. The last 12, nine years. Okay, so let's check out dot maps. Now I'm going to show you the premise behind the dot map. You can see here I've got a digital dot map that I create for my mortgage broking clients. Now when I'm looking at dot maps and just a discussion about the legends, for instance, this is Western Australia. As I said, the growth there has not been fantastic. So you can see here, red for here I've got a traffic light system. Green to red, red to here is anything over 4%. Whereas if I jump into New South Wales it's anything over 10%. And look at this sea of red. It's just insane, right? Might have to go back and change my leg. Now the idea around the pricing pressure is there's essentially there's a cbd. Sydney, we've got Sydney and we've got Parramatta. And for those of you that are super excited about this, I'm going to put Brisbane up here too. So you can see this because you never know, you could probably pause this video and got your own dot map. Right. But the idea, you know, there's a lot of these areas that have one cbd. Most cities have one cbd. And as you can see here, what happens is usually most people want to live where they have to work. Now we know Covid has changed a bit about that work life balance. And so what we do is we have these kind of ripple effects and as we move out, the next suburb starts taking off. So as we move out, the next suburb starts taking off. So you know, if I was just looking at these areas here, for instance, now we've got Proydon park, we got Dulwich Hill, Petersham now these are pinks and oranges. You know, we've got reds and reds and reds. But wait a second, we've got a green here which is 6. So we've got like a 4% differential. It's like, why is this 6%? So yes, these are insane prices because it's insane. Melbourne, Sydney. But as you can see this pricing pressure on here and what you're seeing is that there are these suburbs that haven't done as well. Is it because they're on the freeway? This is where you go into the next level of information and go to the next level. So the DOT maps, fantastic. They give us an idea of what's happening. But this is the problem, Pepe. When we get up to Newcastle, we've got lakes and we've got waterfront and we've got access to the freeway to commute. And so Newcastle is really difficult. We don't have hundreds of suburbs that are saying pricing pressure. We've got a lot of suburbs here. We can see quite nicely how they mixed out but the pricing pressure is really difficult to look at. When I say Newcastle or the south coast, Wollongong for instance. When we're looking at these areas, they really are. I'm trying to find patterns that you can follow to see how the pricing pressure is affected. And as you can see, the information isn't there. I don't have confidence that just because people can't afford in where are we that they can afford to go to February Heights. You see here it's actually a higher price so you know, there's no rhyme or reason. And I can't see patterns that I can see when I'm looking at capital cities. So I hope that that helps. I'm just trying to clarify, I guess some of. I've got two screens here so don't feel like I'm ignoring you but I'm just trying to clarify some of those points around the pricing pressure so that you can really get a sense of, you know, what is happening and how you can use those suburbs. So Pepi, my advice for you would be that you go to a mortgage broker and actually find out what your buying capacity is with different lenders. Understand that you've got a great deposit, which is fantastic and understand what your borrowing capacity is for what you can do as a home or as an investment property. I really think that, you know, we're going to continue seeing some great opportunities. And first home buyers move to the new to Newcastle, Central coast and Wollongong. From the Sydney's perspective Because it is still commutable if they do need to work or attend work or conferences or meetings, et cetera, training sessions. So I don't think we're going to see this market come off. And as we saw a little earlier with the information that came through with our friend over at Terry Rider, there is a lot of information out there and a lot of people are looking for ways that they can invest. And I think that securing yourself a great property as a first time that has investment grade opportunities to it and is something that you can consider as investment for the future is a fantastic idea. And I think this area is definitely going to continue booming from it. As to for Victoria, Geelong, we're definitely seeing, you know, continued booming in that area as well. And you know, Ballarat over here has also got a lot of interest at the moment. So you can see here, you know what's happening behind the scenes. There's a lot of yellow 7, 9% growths and a lot of opportunity again in Melbourne. However, it has been locked down, affected. And just for those who want to have a look at some of my other dot maps and this is definitely Adelaide, who was running when I did this legend 2 years ago at negatives everything now is over 4% which is fantastic to see. So might have to go and change my legends there again as well. But as you can see, you know, all of these areas are having a fantastic ride at the moment. Hobart very much like Newcastle. I can't dot map this. There is no pricing pressure to allow me to see the patterns and finally act very similar. Can't really pick it because it is just, it just doesn't have enough data and it's all about the data. Right. So now I am going to cross to another question that came up from Ben. So if anyone else has any questions, you know, please, you know where to drop them. Just below this video and let me know if you've got any questions. I'll come back and visit this in the next two days. So if you get a. You're going to watch this on recording, which we know most people do, please, you know, put in a question and I'll either be able to answer it there quickly or I'll jump onto something that allows me to probably record a bigger answer for you if it's in service to everyone. Otherwise, as I mentioned in my newsletter just recently, I know that a lot of my clients are always looking for ways to talk to me and maybe you're not necessarily a mortgage client or a student as yet, but I have opened up my gold and diamond and strategy calls. So if you are looking for a little bit of extra assistance with strategy calls with me, those are now available. So I'll drop that link below as well. So what I was just going to show you. So I've got this question from Ben. Hope you're well. Yes, thank you. I have a question that also may be relevant for others. I'm interested in buying a new investment property. I have equity in my properties as well as other deposit money, but I'm choosing to work part time at the moment. So can't get a loan. Are there any other options? Oh, so I guess, Ben, the really interesting thing here is that once again, you know, you're not Robinson Crusoe. There's a lot of people who've elected to change some of their income streams and ways that they earn money over the last few years. Some have been forced and some by choice. I know there's people doing a lot of interesting things. I had someone who was after a loan I had heard of who is after I think $300,000 loan to buy rat tests to bring into the country. So I know that those kind of things are a little bit difficult to get loans for, but potentially a huge upside in revenue. And so I think that there's, there are many opportunities for people to, to try to maximize their income. And you know, we're really moving towards a bit of a geek economy. We're also moving towards, you know, people looking at different ways of monetizing. Hopefully you're in the crypto space in the last two months or so. But you know, that's been an interesting ride and I'm currently working with a team in the crypto space to look at how that could potentially be a way that people can hedge inflation for a long term property position. So I'm just doing affordable mums and dads type contributions once a month into Bitcoin and seeing where that plays. And as you can imagine, I only started three months ago and it's gone down, down, down. But I'm holding because it's a long term investment and I'm just trying to prove a premise. So, you know, there is a lot of ways that people are changing their employment. The problem is though, Ben, is that most lenders are by the book and even more so at the moment, as I said, you know, earlier, that this forensic assessment of your living expenses, your transactions, your tax returns, et cetera, and that's just going to get harder I believe, you know, if, if the RBA Insists on keeping the rates low and there's no reason why they should really increase them at the moment that it'll probably be up to the lenders and APRA and ask will step in and say, you know, we need to pull back on the lending and things will get tougher. The trouble with say casual work is most lenders need to see at least one year of employment. So they've got like a year to date, they can annualise for the following year. A lot of them need two years for casual, for part time work. Lenders are very different in how they look at part time work as well. So as I said, speak to a mortgage broker and just try to get an understanding of what the differences are with the lenders. Some require even part time, some require nearly nothing and others require at least six months into the role. I was speaking to one of the second tier lenders on Tuesday and I had a client who had been made redundant, had three months off work and has just gone back into the same type of work, had had a career break, let's just say, and the lenders were saying anything more than three months they have a bit of a problem with. However, a contract of employment and the first pay slip will get things going, but they want to see the second payslip before they'll move forward. Now as I said, that was one of the third tier lenders. Nothing wrong with third tier lenders. When you reach your borrowing capacity, often you have to go down the hierarchy of lending from the big four or five and down to others. But that really does curtail your investing. Traditional lenders may be out there is private lending and a lot of solicitors who have high net worth clients do do private lending. Now in the past private lending's been like 12, 14, 15% per annum interest. Now if you can get a return on better than that, then it makes sense. But at the moment in the low interest rate environments, I'm hearing like 5, 6, 7%. And so you know, it may be worthwhile to explore that, especially if it's short term, if it's long term, that could blow out and just blow out your costing completely. So obviously this is not financial advice. You need to speak to your accountant and financial planner for that. But just be aware that you know, they're in it to make money too. And if you're signing up for something longer or they have the ability to put up those rates, that could really affect you. Then there is joint ventures. So joint ventures are something that maybe you've got someone that you can invest with who has the income and you have the time, opportunity and now to go and find the properties. So we've had a lot of people in our community who have got together and done that in the past. My recommendation would possibly be that it would be for a shorter term project than a longer term project because circumstances change. And I know, you know, a lot of the kind of inquiries we have, you know, that have come across my desk in the last couple of months is, you know, my brother and I bought these properties together and now he wants to get married and you know, we're going to have another kid and you know, we want to separate them all out. So, you know, I haven't. I know that things change and that's kind of like a forced sale which makes it really quite difficult as well. So just be aware of that because. There are ways around it. But through traditional lending it's really difficult. And even traditional lenders do have low doc loans, low documentation loans. Now in the good old days you just wrote a letter saying, yeah, I can afford it. Today it's a little bit different. You do actually have to have an ABN for two years and often the lenders want to see say one year's worth of financials and maybe the last BAS statements. So, you know, it does, it is getting harder and harder. But that's why we are getting, you know, more clever and creative in looking at ways where we can actually do deals with other people. So if you're interested in exploring the JV kind of avenue, I'd suggest that you probably talk to people you know first rather than trying to find random people on forums because you don't really know where they come from. Speak to your solicitor or accountant or financial planner. They might have some high net worth people that they do funding through. There's a couple of really innovative new funding sources, one from the UK that's kind of like a fractional investing, whereas you can actually put it deal up and people will actually come to that deal and if it's good enough, they'll put their money in. Now it's so advanced in the uk people just have this super or some of their super being diverted into the deals as they come along. So every month they make, let's say a $200, 200 contribution and they have it set as a auto invest. So when deals come through and come through like the 40 criteria that the assessors go through before they'll put a deal up onto the platform, they've already been through a due diligence and these investors are happy to say yeah, just invest. And I've had a client who has moved from Australia, successful investor here to the US and hopefully I'll get him on a podcast soon. And he and his amazing wife put together a renovation to rent property and they just need to have the money to access the equity and then go and get a loan so everyone can get out. And it was funded in seven seconds. So this is like a three, I think it was a 250,000 pound renovation in York. So that kind of interesting funding is coming and I can't wait because I think it's going to allow, you know, people who have made the choice to maybe have a pre break or pursue, you know, their side hustle, etc. Give them an opportunity to have things that they want to do. So I hope that answers your question, Ben. I see nods because I can see Ben there. I was wondering if it was that Ben. But do you want to, do you want to come on and say hi.

Equity as well as some other money. But yeah, I'm not really, not really sure what, what to do yet. So actually so if you think of anything, I mean, so you've known me for a long time, so if you think of any options for me for someone that has a hundred thousand in equity as well as some other money but chooses to work part time, then let me know. But yeah, that was helpful.

It's really difficult, right, because you kind of look at the long term and you're thinking well if I work part time I have the opportunities to do other things and create other businesses or pursue passions or just get healthy. Right? Whatever it is. But when you look at traditional lending, it's kind of like the bank says no and you're like what do I do? So I think we're going to see a lot more creativity and I'm just, just listening to people talking about, you know, fractional investing done in different ways as well. And it might even just be that, you know, it's an investment opportunity. I spoke with. Share Group end of last year and they have a very high end mastermind that they have, you know, support their clients and the clients that looking at divesting and holding some money in real estate and we're in the process of talking about creating a trust fund where I'll go and have a look at properties that would go into that fund and would just be the typical type of properties. I always talk about low risk, good growth, just get on with it, park and forget and people being able to invest in that. So you know, that could even be something that comes along. So yeah, good, good opportunities I think. I think we're getting to the point now that we have to be a little bit more innovative on the way that we do things.

Yes. My other option is to work full time for a year or something like that just so I can get the loan again and then I'll go back to part time for the lifestyle sort of thing. So that's my other, other option I could consider at some size. But I've got, I've got all this equity and money sitting there doing nothing.

Which is, I know it feels like such a waste. Right. And I think we're in a really unique time as well. Because if you think about the market, we've kind of had the 2020, everyone was kind of like, oh, what's going to happen? And it's like, hey, I need to move house, I need a bigger house. And we started seeing the market moving 2021, everyone went a little nuts and the markets took off unless the markets were locked down. And this year I think what we're going to see is we're going to have frenzy come off the boil. But people are still, I mean we're just trading houses at the moment, right. We don't have any new people coming into the country so we're just trading up or down or into it from a rental property to our first home. So we're having all of these trades and that's going to continue. But you come next year, we're going to be in a place where we're going to have the borders open and maybe even sometime this year and we're going to have all these immigrants come in and we're going to have them sitting here for a year. Now they do need to have like a full time job for a year. Whereas in the eyes of some of the lenders, Ben, you know, you need one pay slip to show that you've got a full time job. You don't need a whole year. Some you need, you know, 1, 2, 3 pay slip. Some need to, you need to be, you know, three in to be out of probation. But some of the larger lenders, you know, are talking about one payslip to prove your full time income. So it may be that you, and obviously, you know, the legal ramifications are if your circumstances change, you're supposed to tell the lender that your circumstances are changed, have a job for a couple of months and then say you can afford it. So just be aware of that, that's broad. But we're going to have all these people coming into the country and then we're going to have them in a year's time wanting to buy their homes. Now I think they're going to be buying where we've seen further out, etc. But instead of pressure on and the input prices will go up. So let's just be aware that the prices will probably have a rebound in 2024. So I still think there's some real great buying opportunities and if it means suck it up 6 months, 12 months, get back into full time job, that's an opportunity because I think there's still going to be equity that you can make and half of the future.

Yep, that sounds great. Yep. Now I'm thinking through all the options. Yep, that's very helpful.

If I think of anything else, I'll flick it on to you.

Yes, yes. No, thanks. Thanks. Keep your mind, there's an opportunity.

Okay. All the best. Any other questions? How was New year for you? You have a nice start to the year. You're taking yourself off mute and I'm taking off mute. Now you're off mute. Go.

Yeah, I've been in Vietnam for the last couple of years, so I just arrived back in December. So yeah. So temporarily living with my parents, which means I've got very low expenses. So yes, if I work full time while living with my parents, hopefully that would get me a good loan if I, if I want to. But looking to go overseas again and like I say, working part time. So that means I've got a very good lifestyle at the moment. The only thing is missing out on all these opportunities.

I know, I know. But, but, but.

Lifestyle is good. Lifestyle is good.

That's good, that's good. There's a lot to be said for delayed gratification but there's also a lot to be said to enjoy the ride as well. So I'm glad to see that you're well and welcome back home.

Thank you. Thank you. It's been good.

Okay, see you later. Nice. It's always nice to speak to people and just as a reminder, if you want to do that, you can just click the link, come on live and have a chat to me. Now let me just see if there's any other questions here because if there isn't, I might even get an early mark, which is fantastic. A few other things that I was just going to take you through just in case you missed it. I first of all, just so grateful and excited because if you didn't read about it already. We have just. Where's my little thing here? Here we go. We have just showing stream reached the $20,000 mark. So this is just like so incredible and just so happy and delighted that I could be able to help Kids Helpline. I've been supporting them for over 20 years and I'm just so glad to bring you guys along the ride. I'm going to Change this to 30,000. We're going to get another counselor on the books for them. But this is just amazing. And when I spoke to the kids Helpline late last year, it was, it's the situations and the calls that they're taking are just horrific. You know, when, when they're talking to in the past, they might be talking to maybe one child a day that has to physically in immediate life or death situations, they're doing five at the moment and they've got wait times of over an hour because they just don't have enough people there. So, you know, whether you contribute straight to my kids helpline and make a donation and get access to your property success club as a bit of a lure or you just go straight to them and make a donation, I really encourage that. You know, you do that. But this is just fantastic. And I just love the love. I just love the fact that you guys got behind this and did it and it's just so exciting and just so important and special. The other thing that I was going to mention is that I have been on a lot of podcasts recently and talking about mindset and how things that I've seen have affected my clients. And I think there is, as I said, a bit of a weariness around Covid and everything that's been going on. But there's also an optimism around opportunities. And just speaking to one of my mentoring clients yesterday and a property I did a deal review on that she's just seen and we went through and had a look at, you know, the numbers and we're looking, you know, less than $500,000 for a property in a growth capital city within 13k's CBD. So, you know, there are opportunities out there and the typical property plus one bedroom maybe and on typical block size in areas with pricing pressure, they do exist. So, you know, don't give up. And you know, I guess one of the things that has become very obvious to me in the last year in talking to people about the property investing, I usually talk to two or three people a day as well as very intimately with my mentoring clients that and knowing their ins and outs of everything that's going on with them. You know, is that mindset plays a big part of what you do and how you turn up. And also there's conditions that you put on yourself that have to happen first before you can have what you want. And it might mean be I need to have an investment property. I need to have a passive income of $50,000 before I can go part time and enjoy life and get a side hustle going on. And a lot of it comes down to financials, but a lot of it also comes down to success and fears of what will happen when you turn up with a successful property portfolio and all your friends don't have one and how you will be judged. So I understand that there's a lot of that going on and what I've done in a lot of those podcasts, talking to the boys over a stream property investor, talking to Peter Wargent, talking to Pippa, the Property Investors Group, Property Investors Council of Australia's members and Speaking to James McCracken from the successful Advisor. Now that's from Mortgage Brokers. But tell you what, it's just as relevant in how you show up for everyone else and how you shop and service your clients and customers in any way. So all those podcasts are available. I'll put links below. Hope you enjoy them. Free information is if I can get as much information out there to assist you on your journey to your property success as possible, I definitely will be. Look for more articles Just had two calls from journalists so obviously they're back at work and looking for talks about what's happening in the market at the moment. So you know, keep your eyes open. I think there's, there's going to be a lot of discussion around interest rates, especially after what's happened in the US with the Fed. We are in a little bit of a different situation in our inflation because it's really been driven by supply chain and the limit limiting of a lot of the goods. And you know, so we know that that's okay. So it may not be around for long and that's what the RBA is going to be looking at. They're going to be looking at employment figures which are really healthy as well. So just be aware that there is going to be a lot of hype. Don't get caught up in it. Understand it's time in the market. It's not trying to time the market. The market will be steadily increasing, not at the quick pace that it did last year, but you know, that's hardly sustainable. And you know we're seeing, as I said, capital cities that have done 2% per annum over the last 10 years doing 5% per annum, you know, averaging because they've had a 20, 25% growth in the last two years year on year. So you know there's some extraordinary changes afoot and it's really interesting to see what's happening. I think Southeast Queensland will continue to have a lot of optimism and that will be a lot of that will be about the fact that they have had a lot of economic growth and they haven't been really affected by the lockdowns. I don't think poor old Western Australia, Perth is going to have much optimism. It really is a mining led boom and that doesn't really seem to be going for the right at the moment. South Australia is having its day, Hobarts continuing to have its day, Canberra is continuing to have its day. There's some of the great little regional areas out there had the opportunity and a 14 hour drive to Port Macquarie to visit many of them and stay a night or two in Yass which is fun and Canberra and Newcastle and Anna Bay and Sydney. So you know it's great being a dubbo girl and used to kind of big country drives. It's great to get back out into the regions and see what's happening. And you know it's. I think that the push to the regions will still be something that's in the media, still talked about but I don't think if you're a long term investor it's going to be like the 10 to 15 year capital growth play that you'll get there will allow you to exit your portfolio as fast as you can with some of the really well placed capital cities especially when immigration opens again. So if we don't have any more questions which I can't see at the moment, I am going to take a two minute early mark and let you get back into your January. I hope that you had a wonderful stray day yesterday. Those of you watching on recording, I look forward to speaking to you in this group. Post your questions, there's an amazing community here that will answer your questions and also you know, we'll be back or I'll be back on the last Thursday of the month at 12:30 as per usual. And yeah, as always here is to your property success. I hope you have a fantastic month and I look forward to hearing about your success in the future.