Sometimes if you've got a smaller motel, it's always a two-person management team, but it might not need two people 24-7.

The other interesting thing that we noted in the report was the going concern sub 20 room market now has a tighter median yield than above 20 rooms.

And again, we put that down to that living component, but again, it's a beneficiary of the housing market.

in that people still want some kind of a freehold asset and suddenly they've got all this equity in their house and they're actually more comfortable cashing out and buying an entry-level motel where they still own the property if everything else fails.

They've still got an asset that's worth some money and rather than saving for years to get into a leasehold, which was a more traditional position, they're able to cash out the house and stump up the 60% that they need to get into the motel, and suddenly they're making a lot more money than what they did working in a corporate nine-to-five in the CBD, and they've got control of their lifestyle or whatever that happens to be.

Great if you've got children,

Josh, what do you reckon the industry is going to be when we do the report next year?

I mean, it's hard to not see per key rates continuing to move up as a combination of occupancy and ADR.

What does median mean, Josh?

That's your...

We...

If, if, uh, everyone in this room stood up and ordered themselves in height from shortest to tallest, the middle person is your median, your 50th percentile.

And so we deal in medians and upper and lower quartiles, which are kind of halfway between your median and your minimum and your maximum.

That kind of gives us our middle-

And the report only refers to the median, doesn't it?

Yeah.