835 property fear, shares vs property, single parent buying, selling your property + more

[upbeat music] John, I've got a great question to start us off this morning.

Kate says, "Would love to know your thoughts on this current situation for investors in regards to the dropping house prices and all the fear-mongering in the media post-budget changes.

What are your thoughts, and what are your predictions in the next five to 10 years? For context, we just bought a four-bedroom house in regional Queensland, in Cairns, as our first investment.

Thank you."

Yes.

Good question, Rach.

Good question for us first off the, uh, top today.

I, I think, uh, we've probably broken-record stuff in terms of the fundamentals of real estate still exist, right? Supply and demand.

Um, interesting...

It obviously depends on the markets that you're in and where that market's come from.

Now, Cairns, some suburbs, and again, we don't know what suburb, how much were paid for it, et cetera, um- and I don't want to put the fear of God into you, Kate, by any means.

[laughs]

Um, some suburbs in Cairns have done 90% in five years.

Right? Now, do regional markets traditionally do that? No.

Yeah.

Does any market really do that? Probably.

It, it can, but it might mean that the next five years, it's probably not gonna repeat itself.

Would that be fair to say?

Oh, I think, I think that'd be very fair to say.

So based on that, like, Kate, you're in now.

So you're in the market.

That's amazing achievement.

Congratulations.

You've bought a four-bedroom house.

So when we look at supply and demand, what's most in demand? Well, it's land and more bedrooms, the better.