Rich Harvey

We're going to flog this on the basis that it's got 400 square metres of land.

So you've got to look at a whole lot of other factors that's going to drive value.

So is it close to transport, shops, schools?

Does it have a good community centre?

What are the recreational facilities?

How far from the major education centres is it?

All of those factors help to create value.

So another thing to consider, it's really about redefining this into proximity.

For me, it's not so much land or building.

It's the location, location, location or proximity.

So if I'm looking at as an investor where I'm going to decide to put my money, for me, it's about position and proximity.

That's what I'm looking for as a fundamental driver.

Look, I definitely like to buy properties that do have a good proportion of land content.

Don't get me wrong.

I definitely like land and everything that I've bought.

But what I'm saying is that don't throw the baby up with the bathwater.

When people take this statement, they think, oh, I can only buy a house with land and that's going to be only my investment strategy.

You can buy good quality townhouses, great quality apartments in the right location.

They're going to go up in value.

So if you're buying, you know, one or two better in Surrey Hills or St Kilda or in the inner parts of Brisbane, and Brisbane has struggled though with its unit market, but if you're buying a good quality apartment that's close to all of those facilities and amenities, that's going to really set you up for life.