Rich Harvey

So even though I didn't win, for me, the motivation is just as strong to be bigger and better next year.

And we can come out stronger at the other end.

Yeah, I did know that, actually.

So I thought that's another one just to kind of throw in the mix there, because often we take on these myths as gospels, don't we?

You know, we listen to these platitudes, these truisms, and we think, oh, yeah, I believe that.

And we often base our behaviour or activity around these, and we don't stop to really question things.

So I think that's why I wanted to bring up this topic today with you, Craig.

I don't know exactly where it's come from, but I think if you look at the English aristocracy and the landlords, and the idea of owning land meant that you were considered wealthy.

So it was considered you're in the upper echelons of society if you have land.

But really, it's an incorrect statement.

If you take it on face value, that statement, then it would suggest that any building that's more than 40 years old is really worthless.

You know, if you look at a terrace home in Surrey Hills or you look at Buckingham Palace, you know, are those properties really only worth their land value?

Of course they're not.

It's completely an overly simplistic misconception to say that.

And it's very rare that you'll find a property that's got some kind of building where you have depreciated the improvements upon that land to zero.

It's going to have some residual value.

I think the myth has just been perpetuated over time that people think that properties that have more, that are bigger in terms of their land size are worth more.

But you look at properties of acreage of properties out in Alice Springs or out the back of Bourke at Longreach or wherever.

Those properties, just because they're big in size, doesn't necessarily mean they're of higher value to a one-bedroom unit in Potts Point.

So I think it's very important for listeners to understand that this truism as such is not true, and you have to dig a lot deeper into what it's about.