Scott O'Neill

Commercial is no different.

We're seeing very quick growth rates and cheap money and now there's a big flock of new or I guess residential investors, traditional residential investors now coming to commercial because they've kind of reached a yield limit where they can't

keep investing in residential.

And there are different lending rules in commercial.

And that's probably the other thing to note.

If you run out of lending for residential, but you've got a deposit, you can actually keep lending in commercial because there's things called lease dock loans and no dock loans.

And essentially, you can actually get a loan without even a job as long as you've got a cash deposit because the property is in commercial.

lend on themselves if they've got a good lease.

So there's a lot of people taking advantage of that and especially with APRA jumping in like they did in 2018.

I really appreciate your time and thank you very much.

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