Yeah, they were like 6% and above, weren't they?

Correct.

And today, the average house price is around $850,000 with a compressed yield of 3.8.

This is something people forget as well.

The yield could be 3.8 because locals can't afford rental increases.

you can you can think that your rent is going to rise each year sometimes that isn't the case because people can't afford it because the vacancy rate is 1.4 you would expect to see the yield higher it's not the case when house prices have grown so much guys the way that the developers are developing has changed it's a lot more of your townhouse assets so they're trying to fit as many houses on the blocks of land to make the FISO stack.

So you look five years ago and, you know, you were seeing these smaller block sizes as being 500 square metres.

You need

It is time for a change," what's actually gonna change for property investors?

So I think it's less about Liberal versus Labor and more actual accountability for what they are doing with taxpayers' money.

I think the biggest thing we're seeing at the moment federally and at a state level is a disconnect between policy ambition and economic reality.

So everybody can come up with all of these great policies.

You know, we're gonna deliver, uh, you know, 1.2 million houses nationally before 2030, which everybody is woefully b- behind on.

In Victoria, I think they were, like, 25,000 behind for this year alone.

You cannot disenfranchise and make it so hard to do business within a state and expect to reach those lofty targets.

Mm.

Mm-hmm.

So you don't wanna be trying to manage a reno, a granny flat.

You just want an easygoing investment that's low-maintenance.

If you're a business owner, again, you don't have time to be thinking about, "Oh, my God, what's going on with this tenant? I'm having issues.

I'm at Vcash." So don't buy in a, in an area where you're gonna have those issues.

So, you know, if your investments need babysitting, they're not passive.

We want people to realize how they can mitigate their risk when they are investing.

What was the answer?

thorns.

No, I think it's just we have to all remember.

And I know you guys do that.

You know, there's there's clients at the center of this.

And yes, we can look at areas.

We can look at budgets.

We can look at strategies.

I call it eating glass, but how are you having that conversation for a lot of people going, you have to weather a few storms on the way through, rate rises, tenant issues, this and that?

Mm-hmm.

So then the, again, this is from Cortality, but, uh, the first one off the ranks is Frankston North.

Over the last 12 months, it's grown 21%.

It was the top performer in all of Melbourne.

Uh, one of the lowest socioeconomic suburbs, 50% renters.

All those data warriors out there discounted it, but we knew, and other people knew based o- from on the ground what was happening, was that first home buyers were buying there because it was affordable, and there was scarcity of assets, and it was having a ripple effect from Frankston next door, which is number two, and it has had 15% growth over the last year.

Again, I think that's pretty conservative.

Hmm.

So there's a lot of demand, and as far as the whole greenfield side of things, it depends on where you are in Lara.

You can't just discount a whole suburb because there's development happening in one part of it, and that's what I want people to focus on is, how can I outperform? Well, you can outperform by buying in the established area.

And if anything, you think about rebuild cost, buying an established product now with interest rates being the way they are, that's what I would focus on.

It's 19,000 people in this one suburb.

It's got such a diverse economy.

So Geelong's population is currently 306,000, and they're saying by 2046 the figure was 440,000 people.

The socioeconomic- nomic score out here is 58 out of 100.

Doesn't present amazing cashflow, but a downward trend in days on market's helping contribute to a slight price bump here.

Well, starting us off, what are the hotspots for 2026 under 600?

And this is what I wanna talk about.

So first of all, if you're investing in a hotspot in 2026, you're going to be buying in an area that has already had a lot of growth, okay? So hotspots, so these aren't areas that are going to grow 20% in the next year.

Well, maybe they might, but some areas that are going to grow 20% in 2026, even 2020, or even 25%, sorry, is gonna be places like Darwin, Perth, still pockets of Brisbane.

But I don't want you guys to just have 20 or 30% growth over the next two years and then have a period of nothing.

Mm

...

in Frankston South.