Scott O'Neill

They're actually growing quite quickly.

So while Sydney might be declining, high yielding regional areas are getting more demand and also just high yielding capital cities like Perth, Brisbane and

to a lesser degree, Adelaide, are all holding up very well.

So prices are stable and growing in these locations, but falling in locations like Melbourne and Sydney.

But it's definitely nothing like what we're seeing in the residential markets because you're seeing quite sharp falls in those.

So comparably, commercial is holding up very well.

Yeah, it's a good question.

It's one I get quite often.

And basically what I'll tell a client, if they're in a position to buy positively geared property, factor in the interest rates, even put an extra percent on your numbers if you want to be safe.

you're still getting a positive cash flow in that scenario.

And the rents are growing rapidly at the moment.

So if you wait six months, number one, you're going to be up against more competition because there's a fair few people on the sidelines with truckloads of cash waiting to buy into the commercial market.

So if you wait for that kind of perfect moment, which I've never seen a perfect moment to invest, there's always something going on that's going to scare you.

Right now, it's the rates.

A few years ago, it was the interest-only cliff.

If you go back, the GFC, there's always something on the horizon.

that will worry the people that want to worry about things.

But this one is probably less of a stress than what we've seen for previous years because the economy is going strong.

The unemployment rate is at a record low level.

Businesses are doing pretty well.