0:01

This is a momentum media production.

0:11

Welcome to Property Showcase. The podcast

0:13

that brings you closer to the service providers that

0:15

can inform your decisions about how you buy,

0:17

manage and research top investment opportunities.

0:20

Be informed and become a better investor with

0:22

property showcase. Hello,

0:26

everyone, Grace Olms, be here bringing

0:28

you a brand new episode of The Property

0:30

Showcase courtesy of the Smart Property

0:32

Investment Podcast Network. I'm

0:34

so excited today. We've got a brand new guest

0:36

joining us. He is a friend

0:39

of Arjin Pali Wells. It is an

0:41

absolute pleasure to welcome Kevin Trent

0:43

to the show a buyer's agent with Investigate.

0:45

Kev, welcome to the show. Thanks

0:47

so much, Grace. Thanks for having me.

0:48

Kev, you are a buyer's agent

0:50

now working in with Investigate, but

0:53

you've been working in the space for a little while

0:55

now, couple of years. What is it that first

0:57

attracted you to becoming a buyer's agent

1:00

in the first place? Yeah.

1:01

That's right. Like you said, a couple years now.

1:03

And to guess what what kind of got me into

1:05

the space initially was back

1:08

probably most of my career let's

1:10

say, for about ten years working in

1:12

the casino industry actually looking after

1:14

high net worth individuals as a

1:17

Club VIP manager. throughout that

1:19

time. I was surrounded by so many high net

1:21

worth individuals and, yeah, you get

1:23

to talking to them and you find out the majority

1:25

of wealth built in these countries through property.

1:28

So naturally, you know, I paid my interest

1:30

and whilst in that career, I

1:32

did get into my first property investment,

1:35

probably learn some lessons along the way

1:37

because didn't get the right education with that

1:39

first one, but, you know, subsequently, have

1:41

been lucky with my subsequent

1:44

purchases after that. But the skills

1:46

that I learned in that role, with connecting with

1:48

the people, negotiation, I found

1:50

it really transferable over property. And

1:52

my passion, I found that you know, building

1:55

building wealth for people was what I wanted

1:57

to do. And, yeah, that's why I

1:59

made the transition.

2:00

Oh, to be a fly on the wall on some of those conversations

2:02

you would have been having at the casino. A

2:04

pretty cool perspective to be having, but

2:06

also now to be working with

2:08

Arjin and all the data that invest to keep

2:10

those provide? What was it that

2:12

attracted you to to join forces

2:14

with

2:14

him? A great question. I mean, in

2:17

this space, it's critical that you get

2:19

the research right first. Because buying property, the

2:21

actual process itself knows quite easy than the majority of

2:23

people within Australia. They buy property without

2:25

using a buyer's agent or or getting help.

2:27

but it's that research piece. That is

2:29

really important. And whilst I thought

2:31

that I was pretty good at it, I had done okay myself.

2:33

The landscape is constantly changing, data points

2:36

always moving, And, you know,

2:38

it's important that if you're going to go down

2:40

this route with advising and,

2:42

you know, helping people or even buying property

2:44

for yourself that you to get in the right and

2:47

best research. And

2:49

I found that my experience over ten years was really

2:51

in the negotiation space. So it's a great partnership

2:53

I find. having that research there.

2:55

We've got a team of over twenty now. There's a dedicated

2:57

team who do the due diligence, constant

3:00

research. And I come

3:02

in with the negotiation piece and making

3:04

sure that we can get great deals over the line.

3:05

Very, very So one

3:08

thing I love about the property showcase is that

3:10

we give everyone listing some

3:12

great nuggets of advice along the way.

3:14

And and today, we're gonna be talking all

3:16

about why action beats no action.

3:18

But before we get to that point, What

3:20

are you seeing at the moment? Obviously, now working

3:22

with such a big data team. What's

3:25

kind of going on in the property market landscape

3:27

today?

3:27

Yeah. Great question as

3:29

well. Like, at the moment, of course, you know, you

3:31

you turn on the TV, you're right now to see who's articles

3:34

and, you know, the media sentiment is

3:36

all about doom and gloom. the Australian market,

3:38

the Australian property market using

3:40

embedded commas here is

3:42

on the booms over now and we're heading

3:44

to a downturn, but if

3:47

you're looking at what

3:49

we say is, there isn't one market.

3:51

There are many, many submarkets as it's

3:53

been discussed many times. And there are

3:55

markets where, at the moment, we're missing out

3:57

quite a bit. We've done our appraisals. We

3:59

know where we've gone to draw the line. But when it

4:01

comes to negotiation, and we've missed out

4:03

because there's actually been over ten, fifteen,

4:05

twenty offers on that property. So there

4:07

are pockets within the country that are performing

4:09

highly well at the moment. with

4:12

plenty of hate in them still. Okay.

4:13

So what does that mean for investors

4:16

at the moment? You know? And and where does

4:18

your expertise come in here?

4:20

to be helping people work out

4:22

where they should be going. What what

4:24

are some of the areas that people can maybe be

4:26

looking at

4:26

at this point in time? Yeah. Yeah. We've got a

4:28

few we can touch on that as well. I mean,

4:30

it's one of the parts that we wanted

4:32

to cover today, which was, you know, some locations

4:34

that present fantastic wine And

4:37

what astute investors are doing at the

4:39

moment? Because obviously, you know,

4:41

rental is a rental crisis within the country,

4:43

yes, interest rates are rising, but we're

4:45

seeing some really strong rentals increase

4:47

as well. And

4:49

whilst we are seeing, like I said, lots

4:51

of areas with plenty of heat in them and

4:53

we're competing for to get offers of

4:55

the line, the general sentiment is

4:57

that some markets are cooling. So

4:59

it does present an opportunity to negotiate

5:01

well. And we

5:03

can talk about some locations as well, which represent

5:06

some undervalued markets.

5:07

Let's go straight to those undervalued markets

5:10

because before we actually talk about some

5:12

of what those locations are. How

5:14

do you go about finding a market

5:16

that's undervalued?

5:18

So the

5:19

way that we define undervalued or overvalued,

5:22

the team at investigator, again, we've got a research

5:24

team, sergeant Polywell, our founder and head

5:26

of research worked diligently and

5:28

who's recently gone through

5:30

and assessed all the statistical area

5:33

three locations within Australia. So

5:35

we've called SA3 locations. And

5:38

he's assessed them looking

5:40

at the median house price as of May

5:42

twenty twenty two, versus the median

5:44

household income for that area using twenty

5:46

twenty one census data. So we're

5:48

looking at property prices

5:50

versus the household income in that area.

5:52

And the general assessment

5:55

for kind of where there's mortgage

5:57

stress or where properties may be

5:59

not affordable anymore, would be about the

6:01

thirty percent of the household income. So

6:03

if it's under that mark, then

6:05

undervalued, over that mark, overvalued.

6:08

and we assess it based on an eighty percent

6:10

loan to value ratio over thirty years with a

6:12

principal and interest loan. So we're not talking

6:14

interest only here. We're talking principal and interest.

6:16

Okay. And doesn't feel like

6:19

it's something that is kind of, you

6:21

know, just a now problem or

6:23

a now issue that people are coming into. because we

6:25

are seeing a lot of people now that go we were

6:27

in a little bit of an affordability crisis,

6:29

but it's not the first time this market looked like

6:31

that is it. Not

6:32

at all. But I guess what's

6:35

really important to note now is that

6:37

over the last two years, there's been a

6:39

nationwide boom. We've seen all markets

6:42

basically collectively rise and

6:44

that's created a lot of areas where we're

6:46

seeing that they're overvalued. So the household

6:48

income is actually over the set mark where

6:50

we feel is comfortable. And we've

6:53

actually assessed this based on two metrics.

6:55

If interest rates would arise to four point

6:57

five percent which is roughly where a lot of interest

6:59

rates are now, and if that was a rise of

7:01

five point five percent as well. So

7:03

we've got a bit of, you know, you can kind of

7:05

say that. So just on that, if

7:07

the interest rates were to rise to

7:09

four point five percent which is really common.

7:12

There's eighty four out of those

7:14

three thirty SA3 areas.

7:16

that we're talking about, which are still undervalued or

7:18

affordable. So about a quarter.

7:21

Now if the loan interest rates

7:23

were to rise to five point five percent that

7:25

figure will decrease to fifty five, which

7:27

is about one sixth of all SA3

7:30

regions. So there are still

7:32

plenty of regions where we find are undervalued.

7:35

However, as you can see, with interest rates

7:37

rising, they do decrease.

7:39

And knowing the conversations that

7:41

I've had previously with Arjun, there

7:43

are so many data points that go into

7:45

something like this. So, you know, it is something

7:47

that people can be doing on their own, but there's a

7:49

lot of work goes on behind the scenes, isn't

7:51

that? To put together this kind of dataset,

7:53

to realize where those areas

7:55

they actually are? Yeah.

7:57

Absolutely. So there are many

7:59

growth drivers that we look at, but some

8:01

that are really handy to look at would be

8:03

days on market, you know, how quickly

8:06

property you're selling for. We're looking

8:08

at inventory levels, which are really important

8:10

as well. So there's a fair few factors

8:12

that we look at to determine what kind

8:14

of drivers. indicating that growth?

8:16

Speaking with buyers' agents

8:19

pretty regularly, Kev. You know,

8:21

we're always hearing that it's a great time

8:23

to be buying know, there's no time like the

8:25

present to be getting onto the property market and

8:27

all of that. And and it is something that

8:29

probably investors are taking with the grain.

8:31

So, like, oh, you know, buyers' agents always think

8:33

that's going to be the perfect time to be buying

8:35

property. Is it really

8:37

now like a good time to actually be

8:39

buying? It's we're coming off the back of

8:41

two years of insane growth.

8:43

So obviously, it is a cooling

8:45

market. It's a bit of a different circumstance

8:47

to what we have seen recently.

8:50

What are your thoughts around that? I guess, you

8:52

know, bearing in mind, really, we're talking

8:54

about why action beats no action.

8:56

So I'd I'd just love to hear your thoughts

8:57

on this. Yeah. No. It's a really good question. And I mean, I have

9:00

to, you know, address the potential

9:02

buyers here as a buyer agent. So I

9:04

think the answer really is depends.

9:06

And it depends on what

9:08

area the other day because like because we're

9:10

saying now, you know, if you're looking at the media center,

9:12

then it's all one market. And as, you know, if

9:14

if you as an investor, you know that there isn't one market, but

9:16

it's very easy to think that. And

9:18

for us, once we define that, okay, there

9:20

isn't one market, it's where we're going to look

9:22

because not all markets are decreasing.

9:24

Some are increasing. I'll give you an example,

9:27

centenary heights. It's a populous suburb within the

9:29

Zoomba region. for the last

9:31

twelve months rolling, it's saying twenty

9:33

nine percent growth. But you go take

9:35

all last year was crazy. There must have been some sort

9:37

of drop now, but interest rates have

9:39

been rising probably from what, like,

9:41

May to now? The first one was back in May. Yeah.

9:43

Yeah. So It feels like a while ago now.

9:45

Yeah. It it feels like a while ago.

9:47

Right? But since then to

9:49

now in September, that

9:51

area is in six percent That suburb

9:53

itself is in six percent growth as per

9:55

core logic. So if you

9:57

annualize that data or that growth, it's

9:59

double digit for the year, which

10:01

isn't twenty percent plus that we've

10:03

been seeing, that's kind of probably what you want.

10:05

You can't sustain twenty percent growth

10:07

plus for all the

10:09

time. So we're seeing

10:11

they're still hitting in certain markets, but

10:14

maybe not at the peak levels as

10:16

before. One thing

10:18

that I like to talked to clients about it as well. He's

10:20

like, I live in the inner west of Sydney. And

10:22

I know that this year or in

10:24

the last few months anyway, the market

10:26

here in Sydney is probably the biggest contrast to

10:28

that market in Toromba, in Santander Heights.

10:30

You know, the agents

10:32

are actually calling me back

10:34

now, you know, they call I went to the overhead

10:36

last year one time and now they're calling me to see if

10:38

I need any help, whereas in

10:41

toolbar, you know, it's really hard to get them to call

10:43

you back. So we're seeing some

10:45

decreases here in Sydney, probably more

10:47

of a correction you'd say. If you look at the

10:49

data that we have in terms of being overvalued,

10:51

that some pockets definitely fall into

10:53

that bracket. However, we do see some

10:55

signs of stabilizing because

10:57

we were seeing maybe fifty percent

10:59

auction clearance rates earlier on

11:01

this month, but now we've kind of got back to

11:04

sixty percent So to answer the

11:06

question, it was a bit of a long winded

11:08

answer. I think certain markets are

11:10

performing differently. And if you can understand

11:12

why and where they are at the moment, then

11:14

it'll help you form your decision because there's still

11:16

definitely a lot of opportunity here.

11:18

for sure.

11:18

So what is sort of your strategy? I'm

11:20

just thinking, you know, there are people that say you need to

11:22

be buying at the perfect time. There

11:24

is a perfect time to be looking at property and to

11:26

be buying in certain areas, but then. And

11:28

there's also the people that say it doesn't

11:30

have any influence when you

11:32

buy as long as you're actually in the

11:34

market. where do you kind

11:36

of take your strategy? Because it is

11:38

an individual strategy and it does differ

11:40

person to

11:40

person. Yeah. Absolutely. So with

11:43

myself, I I think I'm very aligned with the

11:45

investigate mindset, which

11:47

is obviously why for him here. But

11:49

we have an idea that

11:51

you want to be maximizing

11:53

your purchases within the smallest

11:55

possible time frame so that you

11:57

can get the maximum compound result

11:59

from that. So when it

12:02

comes to the perfect time, you know, with

12:04

no one has a crystal ball,

12:06

but you can look at certain drivers

12:09

across the whole country. So if you're limiting

12:11

yourself to just a few suburbs or, you know,

12:13

your surrounding area, then you're

12:15

gonna potentially try to time the market,

12:17

you know, because you're comfortable there and do I buy

12:19

now, do I wait? But if you open

12:21

your search up to the whole country,

12:23

then you can see a kW actually

12:25

Adelaide is actually performing really well right

12:27

now. And, you know, it's quite affordable. The

12:29

yields are high. It's potentially undervalued.

12:31

And then you go, okay. Well, there's

12:33

certain areas in the Rockcamp in Queensland as well. So

12:35

you can you can kind of say that these markets are

12:37

very different to where I am

12:39

here in the inner west of Sydney, for example.

12:41

So

12:42

where do you see the market

12:45

going? Obviously, again, crystal ball, we

12:47

don't have one, but, you know, there's a lot of data

12:49

that does provide some

12:51

insight and some clues into what can be

12:53

expected over the next six,

12:55

twelve, eighteen months. Are

12:57

there any areas like centenary heights

12:59

think Queensland that you see is

13:01

performing really, really well over the next little

13:03

while. Yeah.

13:04

So for us, we

13:06

look at different areas and we've given categorizations as

13:08

well because whilst there

13:10

are drivers that indicate that an area may

13:13

be strong, Some areas have already

13:15

had strong growth in the last two to

13:17

three years, for example, to Ooma. But

13:19

does that mean that it's not going to stop

13:22

now? perhaps not, you know, there's still so

13:24

much infrastructure spend there and we see

13:26

that there's plenty of upside still to

13:28

go. Whereas you might have another area

13:30

like Rockhampton It's showing

13:32

earlier signs. It hasn't had that significant

13:34

growth in the last few years, but

13:36

all indicators are showing that

13:38

it's early in its cycle. So with

13:40

Rockhampton, we'd call that an early adopter

13:42

market. And then we're still, but we'd call that a

13:44

current hotspot. So, yes,

13:46

that there are a few. And we we can go through some

13:48

of the undervalued markets as

13:50

well in a bit. But yes,

13:52

did you want to talk about how,

13:55

I guess, we had kind of a chart

13:57

offline before, how there's always

13:59

something happening. Yeah.

14:00

Let's do it because that is really,

14:02

really interesting. It probably does lend itself to

14:04

what's happening now, doesn't

14:05

it? Yeah. So, I mean, the way that we operate

14:07

is we kind of look historically as well because

14:09

it's a great indicator of what potentially could

14:11

come. We will look at the data points there and

14:13

if you look back from

14:16

a good reference point a lot of people like to use when

14:18

it comes to economics would be two thousand and eight,

14:20

the GFC happened. So two thousand and eight

14:22

to now twenty twenty two, that's

14:24

fourteen years and if you look

14:26

back, there's always something happening whether

14:28

it be worldwide or nationwide events. It

14:30

could be government initiatives or it

14:33

could be lending changes through Opera. So

14:35

there's always something happening

14:37

that if you look on mainstream media, what

14:39

did you tell you from investing? Right?

14:40

That's a

14:41

good point to bring up that things are

14:43

always going to deter you from

14:45

actually doing it on

14:46

there. Exactly. So if you will always find

14:48

a reason, there's always something happening.

14:50

And of course, as we

14:52

know, it's those doom and gloom,

14:54

those crazy headlines that get the attention of

14:56

people, and we understand, you know, why that

14:58

happens. But if you only wait for,

15:00

you know, everything to be rosy,

15:02

it's gonna limit when you can buy. Right?

15:04

So in that time frame, so

15:06

we'll we'll go back. Doesn't it? You have the GFC.

15:09

it's a big time. I think a lot of people would have turned off

15:11

from making large financial decisions back

15:13

then. Early two thousand and ten, so

15:15

you've got the end of the mining boom across the

15:17

country, again, popping out a great time.

15:19

twenty fifteen, twenty seventeen,

15:21

Aperol comes in with some pretty significant

15:23

changes that it's going to affect investment

15:25

loans. And then twenty twenty,

15:27

we've had COVID and it hasn't

15:29

really ended as well. So there's always something

15:31

happening, and of course, in a worldwide

15:33

event with Russia and so forth.

15:35

So there are things happening

15:37

that would make it seem like it's

15:39

not a great time to buy. But in that

15:41

time frame, fourteen years, The median

15:43

national house price in Australia has gone up

15:45

ninety four percent. Thomas

15:47

doubled, right? And if

15:49

you look at it, it's eight point six percent per

15:51

annum, if you were looking at all these headlines

15:53

and you're looking at a great time, on a great

15:55

time, you know, you'd be doing yourself a nice safety

15:57

service. That

15:58

ninety four percent figure, that's huge.

16:00

That's It's pretty insane. important.

16:02

You you think you're twenty

16:04

two thousand eight. Like, it was a it was a

16:06

long time. It was a while ago. But most

16:08

people will be properly investing.

16:10

for a period that's longer than that, won't they?

16:12

Exactly. It's

16:13

actually something that they really plan to be

16:15

doing. So I guess, you know, when

16:17

you put it into that perspective in that

16:19

time frame, It's a no

16:21

brainer, isn't it? That that it comes back to

16:23

that action is so much

16:25

better than than no action. And

16:27

obviously, something that you're living by working

16:29

as a buyer's agent day in day out. How do you

16:32

overcome that psyche that people have and

16:34

that that fear? because I'm sure they even

16:36

come to you and they're a bit like,

16:37

you know, probably not what we should be doing right now.

16:39

Yeah. Well, then it all goes down to education

16:41

and we harm ourselves firstly

16:43

with as much data as possible. just

16:45

to go back to that point that we're talking

16:47

about ninety four percent from the data

16:49

that we've seen and that we believe this

16:52

is purely due to Australia's economy

16:54

staying really stable despite all those impacts that

16:56

we mentioned. So we're talking about the

16:58

QC, end of mining boom, COVID-nineteen.

17:00

Housing demand has remained

17:02

high throughout the whole time. but

17:04

overall supply levels have actually decreased. So

17:06

I think if you kind of take things into

17:09

perspective and take a step back without all

17:11

the noise, you know, your basic

17:13

principles of supply and demand,

17:15

the demand stayed really strong within

17:17

Australia. I

17:17

think especially anyone who bought

17:20

during two thousand and eight and that GSE would be

17:22

absolutely sharing right now with how their portfolios

17:25

performed. I mean, even just looking back to the last

17:27

two years, anyone that got in

17:29

early through the pandemic has already seen some massive

17:31

capital gains over that period. So

17:33

it's good food for thought, I think, for people. Yeah.

17:35

Yeah. I think

17:35

so. And we have the benefit of hindsight to

17:38

go back look at these things because, you

17:40

know, you could say, as a buyer's

17:42

agent, what was gonna say, it's the best time to buy. I

17:44

don't think it depends on where,

17:46

firstly. But talking about that time period as

17:48

well between twenty

17:50

seventeen to twenty twenty. So this is pre

17:52

COVID. We're not talking about trade

17:54

change or sea change type movements,

17:56

but Sydney saw five to

17:58

fifteen percent decreases in that time.

18:00

Right? It was the end of it. It's high.

18:02

It was coming off. In that

18:05

same time, regional Victoria, Hobart, saw

18:07

double digit growth.

18:09

though So all

18:10

important things to take into account.

18:13

I mean,

18:13

do you have any data on anyone

18:15

who has sort of taken those

18:17

opportunities over the last few years to

18:19

really, you know, even if everything in the media is telling them

18:21

that it's not a good time to buy them still

18:23

just getting I mean, just all the success stories, I guess,

18:26

that you would have seen over the years in your

18:28

work as a

18:28

buyer's agent. Yeah. No.

18:31

Absolutely. And especially, yeah, at

18:33

Investecute, the average client that

18:35

we have, we've helped to buy three or more

18:37

properties. So it's about

18:39

understanding which markets are good and

18:41

jumping in and kind of making

18:43

that time to buy as short

18:45

as possible. So you've got more time

18:47

to compound. a

18:47

good point in itself. I mean, we talk about that with Super all

18:49

the time. Don't eat, but we don't really hear it as much

18:51

when it comes to property investment. Exactly.

18:54

are you seeing with those savvy

18:57

investors? The ones that are coming to you in, and they're

18:59

happy to just, you know, fly in the face of

19:01

everything telling them not to

19:03

do it. Is there anything that makes those kind of investors

19:05

special? Not really.

19:06

I think, again, goes down to the

19:09

education piece. Part of our service is a big

19:11

portfolio map for our clients

19:13

because we're strong believers in building

19:15

portfolios and just not just buying one or two properties.

19:17

Everything's going to make sense in

19:19

the plan. So when we're doing these

19:21

plans, we're looking at, like, a twenty

19:23

year time frame for a lot of our clients,

19:25

the longer the better, of course. But, you know, twenty

19:27

years is very achievable to

19:29

passive income target of, like, hundred and twenty, hundred and fifty k.

19:32

So, you know, how clients, they

19:34

have a goal. They've seen our success

19:36

stories. They've seen how we can build portfolios

19:38

for similar clients. So then

19:40

they go, well, I actually want to get

19:42

a similar passive income target. How do we do it?

19:44

So we reverse engineer it. So I think it

19:46

comes down to that's an education piece,

19:49

having that desire, but then also taking

19:51

action.

19:51

Mhmm. And while you are under the Investor

19:54

Kit banner, people will be working

19:56

directly with you, won't they? What what are those

19:58

conversations look like? Yeah. So, again, I

19:59

guess, the the key point of difference

20:02

would be got a long

20:04

background here in negotiation. I've bought

20:06

over six seventy properties in the last

20:08

twenty four months as

20:10

well nationwide. and

20:12

where it's about harming the best data within

20:14

research, with investor kit, with

20:16

the negotiation that I can provide for them

20:18

as well to get really good deals. So lot

20:20

of it is gonna be timing, you know, how

20:23

we approach a campaign with an

20:25

agent, understanding, you know, how how

20:27

many competitors we may have, and

20:29

being able to move quickly and

20:32

certain negotiation tactics

20:34

that can help us either get

20:36

a booting a pest reductions or, you know, coming in at

20:38

a at a better price as well.

20:40

So, Kev,

20:41

I know that, you know, giving away

20:43

your locations is not something that you wanna be doing

20:45

as a buyer's agent. But

20:47

I know that you do have some that you're willing to share with

20:49

our listeners today. Can you give us your

20:51

top three locations that you may be looking

20:53

at the moment and and what it

20:56

is about them?

20:58

Yeah. Of course. I do have three that

21:00

I can share. So these go in

21:02

line with the undervalued markets

21:04

that we talked about. We've

21:07

significant growth drives as well. So

21:09

without getting into too much of the data,

21:11

I can say, well, the first one is Townsquare

21:13

in Queensland. I'm over the North

21:15

Queensland Cowboys. one is regarded as

21:17

Queensland -- Yeah. -- Queensland capital. A

21:19

bit of a disappointment for them the other weekend,

21:21

wasn't it? Yeah. Okay. We're always talking

21:23

about that. the median house price there is

21:25

382K. So it's a very,

21:27

very affordable entry point

21:29

there, significantly lower rental

21:31

vacancy rates and and high

21:33

market pressure. Mhmm. The

21:35

second one I've got is Mount Gambia in

21:37

South Australia. Okay. Yeah. It's a

21:39

second largest city within South Australia. descentive

21:42

large transport industry due to its

21:44

central location between Melbourne and Adelaide.

21:47

And at the moment, the unemployment rate dropped

21:49

to three point seven percent lower than

21:51

a decade. The median house price here, again, really

21:53

affordable three hundred and thirty four

21:55

thousand. dollars Rental vacancy

21:57

at zero point three percent So rent

21:59

like a crisis level her

22:01

rental vacancy rates here as well.

22:04

There you go.

22:04

So that's not Gambia. Then we've also

22:06

got townsville.

22:07

Townsville. And you promised the

22:10

third one? One, we've got

22:12

Rockhampton in Queensland as well. Central

22:14

Queensland City, famous for its beef.

22:17

And here, we've got multi billion dollars worth

22:19

of spending across renewable

22:21

energy, military, mining tourism, transport

22:23

projects in the short term. So lots of money

22:25

being put into the local economy

22:27

there. And again, very affordable

22:30

based on our undervalued report

22:32

entry price, again, three hundred and seventy

22:34

five thousand. So It's a

22:36

very affordable entry median price rental

22:39

vacancy rate at zero point three percent There

22:41

you have

22:41

it. I could be talking

22:43

with you about this all day, Kev? because it feels

22:45

like even, you know, there's so much to unpack even with that

22:48

strategy and and how you go into all of

22:50

that. But We don't have any more time,

22:52

so we're gonna have to get you back on another show at

22:54

some point, I think. But Kev, thank you

22:56

so much for your time today. It's been really

22:58

enlightening and If people do wanna chat

23:00

to you, because people will be working directly

23:02

with you day in, day out, anyone who's

23:04

listening on to this that goes, I think you're the

23:06

buyer's agent for me, How can they

23:08

actually get in touch with you? Yeah. So really easy.

23:09

They can just go to kev tran dot

23:11

com dot u. So KEVTRAN

23:14

dot com dot u.

23:16

We'll

23:16

also put that on the link

23:19

in the blurb for this episode as well if you

23:21

can't find that anywhere. But to

23:23

everyone who is listening, hope you have enjoyed this

23:25

episode, reach out to us at a chat at smart

23:27

property investment dot com dot

23:29

au if you do have any questions.

23:31

Other than that, enjoy whatever you're doing

23:33

today at the gym, at home,

23:35

at work, Have a great day, and we'll see you next time

23:37

for another episode of the property showcase.

23:40

The information

23:40

featured in this podcast is general in nature

23:42

and does not take into consideration situation your financial

23:44

situation or individual needs and should not be

23:46

relied upon. Before making any investment, insurance,

23:49

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23:51

You should consult a professional who can advise whether your

23:53

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