Rhys Beckley

Absolutely.

And I think our Sydney buyers also come with a little bit more gusto when it comes to competitive bidding and also negotiation.

Because as much as our Melbourne buyers may not want to pay the extra, the Sydney people see it as fantastic value when they compare to back home.

We're really closing those deals in spades with the Sydney people coming across to Melbourne to relocate.

That's exactly right.

We're finding that dealing with the Sydney buyers, the negotiation process is a lot better because they are seeing the value.

Where you compare with your Melbourne buyers, they're getting knocked out by these Sydney investors.

Again, when they compare back home, it's just fantastic value.

I mean, we're 35 minutes out of the city, 35 minutes down to Geelong and the surf coast, and you're buying a four-bedroom family home for a median sale price of $700,000.

Look, we are seeing some of our landlords partly due to the land tax and also due to just general, I suppose, living expenses potentially look to pull out of the market.

But at the same token, we're also seeing those interstate investors.

So it's not just Sydney-siders coming in to relocate.

They're also looking at our real estate for an investment to become a landlord.

And that's got to do a huge amount with our affordability.

So when you weigh up the affordability to enter the market versus what they're seeing in Sydney, obviously, we are still getting great demand through our investor marketplace.

Well, look, Werribee itself, it's a huge growth corridor.

You know, I think I mentioned before, it's one of the fastest growing areas in Victoria at the moment, the city of Wyndham as a whole.

But when you look at where it's located, we are 35 minutes to Melbourne CBD.

And then if you head the other direction, we're 35 minutes to Geelong and the Surf Coast with all the beaches down at Bells Beach in Torquay.

So it's a fantastic location.