How often do you have people ask you about help them with, like, feasibilities of upgrades? Because I would have thought in this market it's a pretty good story for

reinvesting.

I think it's probably, I mean, as a value art, I just look at that as you've got to protect your cash flow.

Like, in terms of...

The value is just purely, like, as we said before, it's linked to how much revenue you can derive out of the property and then what your net revenue is and the cap rate.

And in terms of protecting that net revenue, if your building is falling apart, and I always think, like, yes, yes.

they're not always very forgiving.

It wasn't taken up in the way.

James, tell me about your day-to-day.

Uh, yeah.

So I, uh, work at M3 Property.

Um, we're a national valuation firm, and I run our specialized assets team nationally.

So, uh, our team does lots of different things, but, uh, a very large part of our work is hotels and motels, caravan parks, and other accommodation assets.

Um, so we have, uh, lots of valuers.

I personally undertake quite a lot of valuations, uh, all over the place.

Mm-hmm.