Scott O'Neill

But you can definitely see there's a lot more wealth all of a sudden relative to what it was.

So COVID has definitely created a bit of pent-up demand.

And yeah, I'm sure you know from the airlines, you're seeing all those unprecedented demand pushing prices up of tickets.

So it's sort of the same thing that's happening for, I guess, all the tourists over here as well.

Yeah, exactly.

A lot of foreign money is coming in.

Like I know the Germans have bought a lot of the airports over here and redone them so they can fly more locations.

So there's all sorts of, I guess, external money flowing into the economy.

So yeah, you're right.

I think it'll be a pretty good few years ahead for them.

It's been quite interesting.

Like talking around the country, it's a mixed bag in summary.

So to summarise, your lower yielding assets are the ones that are generally found in Melbourne and Sydney.

So they're your...

sub four percent type purchase prices like say if you're getting 40 grand of rent that'll be a million dollar price tag those lower yielding assets all of a sudden less attractive as you could imagine lending costs have gone up so you need a greater yield to justify the purchase that's the same thing that's happening in residential however we've basically seen

money flow because i can see it on the cold face through my business we've had demand exactly the same almost like to a single digit lead comparably to sort of six months ago coming through the door so more people are kind of coming from residential and selling off residential to then purchase commercial to get that high yield because they need it they're forced to because it's

the only way to generate an income that's useful with rates being higher.

So that's made demand for high yielding stock a lot more attractive.

So we've seen regional areas get a boost right now.

So they're not declining at all.