Sean Aylmer

And its fly-by loyalty program has 10.3 million active members.

I think the only loyalty programs bigger than that are Qantas and Virgin, I dare say.

Scott expects the health division and lithium business to increase their contributions.

He's not a great fan of the government.

Now, we have a chat to Rob Scott immediately after the show.

Sorry, that's not fair to say the government's budget.

We have a

chat to him after the show.

And we've just got a little snippet here.

And I basically said, so Rob, you're not a fan of the government's budget.

Yeah, so you buy a house for $700,000, you rent it out, there's your yield, income helps you pay the mortgage.

In Australia, investors or housing investors mostly hope that the price appreciates.

So you're $700,000, you sell it for $900,000, that's your capital gain.

You don't think that much about the income part of it.

But the budget changes to capital gains tacking negative gearing means investors need to rethink the market.

Cotality, the research house, says only 0.8% of 1%

of homes are positive cash flow properties.

That means 99.2% of cases, the investor is using their own funds plus the rent payments to cover all the bills.

So cotality says softening house values and a record low national vacancy rate of 1.5% is actually starting to drive gross rental yields higher, particularly in places like Melbourne.

Currently, houses are just yielding 3.12% and 4.47% for units.