Scott O'Neill

That was the exact same amount.

We did $58.2 million in August last year.

So it's been the exact same number

number of transactions and dollar amount nearly as this time last year.

And I don't know if you remember, Craig, but last year it was probably one of the most buoyant times we've ever seen.

The markets were flying, confidence was high, growth rates were extremely good.

But for commercial, it's the supply of properties which was the limiting factor, not the demand.

So now that the demand might have fallen off slightly, but there's still a huge amount of people fighting over the existing stock.

So it's important to think of that because that's where I go back to the supply side.

I think is the biggest difference between commercial and residential.

So I think understanding that as an investor, you really do need to because if you're holding off trying to make a decision, is it better to wait six months to invest because I'm going to get a bargain?

I can tell you right now, you're not going to get that big bargain in six months time in commercial because there's not going to be a huge spike in supply because most of these guys, I know because I'm purchasing it from investors and owner occupiers, they're almost got no debt on the property when we're purchasing.

They're not really going to be too affected by interest rate rises in this market.

So supply, I think, is going to remain quite consistent in the world of commercial.

I'd say just make sure you do your window shopping now just so you can understand the market, see what's out there.

If a good deal comes up that makes sense from a numbers point of view, from a budget point of view, it is a really good time to invest.

If you wait six months, you're probably going to be joining a lot of others that are also waiting.

So if everyone's...

Waiting on the fence for that perfect time to invest, which will never come, mind you.

There's never a perfect time.