The Great Australian Dream is DEAD

George Markoski George Markoski coming to you live. The Positive Property Show. Tonight’s topic, the Australian dream is officially dead. Home ownership is collapsing, middle class getting crushed, and new home buyers are finding it difficult to get started. So let’s talk about the Australian dream. What is the Australian dream? The Australian dream is a dream that we’ve had for a long time, and that is to own a home. That’s the simple Australian dream. And you know, they call Australia the lucky country. George Markoski And the reason we’re the lucky country is because we’re a massive continent with beautiful weather, a wonderful culture, and we got tons of resources. We got resources coming out of our wazoo. So you’d think us living in the lucky country, only 26 million people, we should be all rich. But unfortunately, you’ve got to manage this stuff. And if you don’t manage it right, then you’re not going to get anywhere. And that’s the big issue. So the issue isn’t that we haven’t got enough. We’ve got more than enough for everyone. The issue is that our government after government has failed to actually do anything good. Or what they always do is give big discounts to the big corporates and the big mining companies and the billionaires. They give handouts to the poor. And what do they do? George Markoski They take money from the middle class like they always do. So what do we do? Do we quit? No, what we do is we get smart. Because the smart investors, what they’re doing is taking control over their own future. Because if you don’t take control of your future, the government is not going to save you. The big corporates aren’t going to save you. There’s only one person that’s going to help you, and that’s you. You need to help yourself. And that’s what the show’s all about. So let’s get started. Okay. The state of the world. Real wage growth falling across the developed world. So real wages fell in every major economy since 2022. Australia’s down 1.6%. Since the Albanese government took office, Eurozone growth near zero. France is heading deeply negative. The Middle east war pushing prices higher. What does this mean? George Markoski Well, this is what it means when real wages don’t keep up with inflation. It means that inflation is going rampant. Now, this is nothing new. The fact of it is, governments around the world have been addicted to quantitative easing. What does that mean? They’ve been addicted to printing. Lots of money, as much as they can, always. And guess who’s leading the charge? The usa. The USA are now getting their printing presses ready to print, baby print. You know how Trump was saying drill baby drill, now is saying print, baby print. And they’re printing as much as they can. And what’s going to happen is all the other central governments are going to do the same thing. They’re going to start printing and when they start printing, they’re going to create inflation. Why are they printing? George Markoski Because they’ve got so much debt they can’t afford to pay it. So they print their way out of debt. The RBA forecast Australian real wages won’t recover until at least 2028 and we’re 6.6% below the peak. Basically real wages at the moment around about 2011, that’s the last time we’re really higher. If you remember what it was like in 2011, everyone felt a little bit rich because were, because we had less inflation. And real wages are actually higher. So Australians are still poor in 2028. If you look at this graph, right, real wages expect the bottom out in September 26th at roughly the March 2010 levels. Okay, I was close. I said 2011. By June 2028, Australians are still forecast to be around 6% poorer than the 2020 peak. That equates to living standards. Last seen in 2011. I did nail it after all. George Markoski So there you go. These are the disastrous decade for workers, right? Covid inflation shock that destroyed things. Then we had the Middle east energy shock and now we’ve got global AI unemployment risk. So we’ve got three things stacking together. Now, I don’t want to be a doomsayer right to everyone and go, this is bad. But the fact of it is, what you need to do is you need to stick your head out of the ground and not hide and know this is happening. The Middle east energy shock ain’t ending soon. They’ve announced a lot of ceasefires backwards and forwards. This ain’t ending. Wars tend to drag on and this one’s going to drag on. Then the next thing is going to Hit us is global AI, which is coming up fast. George Markoski So the fact of it is, what you’ve got to do is look at what the smart money’s doing now and really take advantage of the opportunities we’ve got today before they disappear. So a rollout is to push unemployment high across the global economy. This is the AI rollout. Right. So basically skilled trades, they’re low risk because let’s say you’re a plumber or electrician, AI is not going to take your job. AI can’t do plumbing or electrician. Many routine white collar roles now face significant displacement. So creative strategy, moderate risk, data processing, very high admin and clerical is very high risk. And routine cognitive is extremely risky. What does this mean? This means that basically if you’ve got a low end job dealing and you’re working a computer, you’re in trouble because AI is going to take your job. George Markoski So what do you need to do? Well, this is what you need to do. You need to skill up and get better than AI. Because what’s going to happen is AI is going to create more jobs at the beginning than it takes away. That’s the good news. So the good news is, if that’s the case, you need to really work harder, make more money. Because what’s going to happen is real assets like property historically outperformed during major technical shifts. So over the long term, asset owners are going to do well, but wage earners are not. The fact of it is, this is what’s been happening decade after decade. Wage earners earn less every year compared to what they can spend. Even though you’re getting more money, it actually is weaker. It’s not as strong as what it used to be. George Markoski Two people that own assets, they get richer every year, comparatively. So which one do you want to be? Do you want to be a wage earner and your money shrinks every year and you’re going to work for it, or do you want to be an asset owner where your money grows every year and you don’t have to work for it, you do originally. And that’s the hard part, right? The fact that it was easy, everyone be an asset owner, but it’s hard. It’s not easy, but once we go past that hump, it’s difficult and you become an asset owner, your world changes. So RBA delivered 0.75% hike rates in 2026. That was their present for us, three consecutive RIS. February, April, May, first time since 2023. George Markoski So what they’re suggesting is there might be one or two more hike forecasts before in the year the market’s already slowed down. Affordability and serviceability is biting hard. So investor mortgage surge hits decade high. Investors mortgage growth hit 9.6%, the highest level since September. Owner occupied growth was just 6.2%. Investors now account for 40% of new home loan commitments. Momentum built up before the budget and now the budget is going to slow things right down. Now people might be scared thinking, okay, things are going to slow down. Is that bad or good? I really think having a breathing space and slowing down is a good thing because at the end of the day what the smart money is doing is they’re taking this pause opportunity to collect more assets. So Australia’s property boom is rolling over. George Markoski So 14% growth over two years was driven by investor demand. April 2026 values fell 0.1%. And Sydney Melbourne, already five months in decline. Record of valuation now set the biggest correction in 40 years. So what they’re saying is the biggest correction of property is going to happen in 40 years. And people watching this might be scared. You might be going, oh no, the biggest correction in 40 years. We’re screwed. Don’t worry, I’ve got your back. What I’m going to be doing next week is I’m going to be showing you the last 40 years of what’s been happening. And more closely, I’m going to show you the last 20 years since I’ve been teaching people how to invest in property because I’ve got real life results. I’m going to go through the last four crisis that we’ve had. George Markoski I’m going to go through the headlines, I’m going to go through what happened, how much property dropped and I’m going to show you exactly what our client made or lost. Who’d like to see that type in the chat? Because I’m going to show you real numbers of what actually happened in the past. Because if you can see what happened in the past going to help you in the future. Now there’s certain suburbs that have already dropped 16, 20% in Australia and you might find that alarming. But it’s not because the GFC was worse. The GFC properties dropped up to 50%. And what do you think happened to our clients during gfc? I’ll tell you what happened to our clients during gfc. They made money. Yes. They didn’t lose money, they didn’t just stay there, they actually went up and made money. George Markoski And we had clients buying all through the GFC and even at the peak, because when you’re investing in property, you don’t time the market, you have time in the market. I’m going to show you these stats and you’re going to be very surprised and see these people because I’d like you to go back and see yourself at the biggest crisis. The GFC was bigger than this and see what happened to people. And the smart money made money even during the GFC. Now 99% of people in Australia lost money during the GFC and that’s because they didn’t have the right strategy. They didn’t know the top 100. The vital fact you have to understand is that there’s 15,000 suburbs in Australia and most of them are not going to do that well. And during a downturn most of them are going to lose Money. George Markoski The top 100 suburbs is going to make money no matter what the market’s doing. That’s why they’re called the top 100. Even during the biggest downturn, the top 100 outperforms the other 15,000. That’s what it’s all about. So the investors have crowded out the first home buyers. So you look at investors, first home buyers. Investors are right up there. First home buyers are down. Now what’s happened is the government has changed the tax to reverse this dynamic. Is it going to help? Maybe a little. Because what’s going to happen is we’ve had a two tier property growth cycle over the last two years anyway. We’ve had, you know, Brisbane, Adelaide, Perth who have been doing very well. Sydney, Melbourne have been going down but certain suburbs in the Melbourne still been doing well. George Markoski Now we’re going to have brand new properties and secondhand properties and they’re going to diverge as well. That’s the fact of it. So guess what happened? Sydney has become the most, the least affordable city in Australia. So Sydney homes now cost 10 times household income. The national average is already stretched to 8.8. Prices now started to fall across Sydney and Melbourne and higher rates and tax changes adding further pressure. So Sydney is 10 times. But look at Brisbane’s catching up very fast and Melbourne’s at 7.5, Perth’s at 7, Adelaide 6.8. So what does this mean? How can we have such big ratios and how can property be 10 times the income ratio? Anyone want to type in the chat, let me know but I’ll explain this to you. Because there’s more prosperity, therefore we’ve got more money to spend. George Markoski And what happens is when we’ve got more money, the dwelling price to income ratio goes up so dwelling price to income ratio was very low during the 1970s. During the 1970s, you could buy a house for $2,000, but a car cost $1,000 in the 1970s. So because of that, your discretionary spending was very low. Because if you wanted to get a house and a car, there was all your money. But now a car is dirt cheap. Everything’s dirt cheap. But properties are higher. And as everything else becomes cheaper, property income to ratio goes up, not down. So when you look at Adelaide 6.8, Perth 7, Melbourne 7.5, Brisbane 8.2 and Sydney 10 times, you may be thinking in your head, my God, this is just crazy. Surely it can’t get worse. I’m telling you it can. George Markoski And when you look at this is the cheapest it’s ever going to be. Now, there might be a little dip to change things, but it’s not like that. Okay? Auction clearance collapses to Covid era lows. Clearance rates have now broken below the 60% threshold. Buyer demand is weakening. Vendors and buyers increasingly mismatched on price expectations. What does this mean? People are not got FOMO anymore. They’re not going crazy about property. And those really expensive crazy properties that were getting crazy prices are just not happening anymore. This is bound to happen. It was ridiculous. It was crazy. What was happening? You know, people paying crazy money for the craziest properties and now reality is sunk in. So what does this mean? Well, it means all those overpriced properties that people are buying are going to go down in value. George Markoski But it means the good buying is still good buying because good buying is good buying. No matter what’s happening in the market. They like the saying, they poised the largest price fall in 40 years. You look at Australian capital city price declines over the last 40 years and they’re predicting 10% for 2026. You know, the worst decline was 8.2% during the 20172019 correction. Now just what you got to put into perspective, that 20172019 correction where prices went down 8.2%. We had hundreds of clients make a lot of money. The 2022-2023 downturn came 8.1% and we did very well. So the fact of it is, what’s going to happen in 2026? The people that don’t know what they’re doing and lose money. The people that know what they’re doing are going to make money. George Markoski So you need 54.5% of household income now for a Sydney mortgage. Now this is averages and averages can be deceiving right, because people aren’t going to buy the average house depending on how much money you make. But if you look at this income here, right, Adelaide you need 38% of the income for the average house. Perth, you need 40. Melbourne 42. Brisbane need 48, sitting in 54. I’ll tell you what this is telling me. What this is telling me is the top end of the market is a bubble, the bottom end of the market is undervalued. Because what’s going to happen when people come out of the top end of the market? When property prices dropped, exactly what happened during the gfc, they dropped out of the top end and moved down a run. George Markoski So everyone goes down one step and it puts pressure on the cheaper property, push them up higher. Now rents are up 50% 2019. So growth occurred despite the full negative gearing and capital gains tax discount. Because we had record migration and the CBA forecast dwelling completions are well below targets, which is going to put more pressure on rents. Capital City rents are tipped to hit 10% growth for this year, Right? So SQM research says Capital City rents are now rising 6.9% year on year. Rental growth is forecast to approach 10% over the next 12 months. Tax changes could reduce rental supply even more and which actually these new tax changes ultimately are going to push price even higher than that. So the migration forecasts keep underestimating demand. The budget upgraded netseas over migration by 35,000 versus my EFO zero. George Markoski I don’t even know what that means. Christina, do you know migration forecasts were Revised on over 55,000 hire and the Australian working age population grew by 436,000 over the past year. It’s half a million people that are working. So what does this mean for investors? Well, the budget hits investors twice. Look at this. Federal budget announced negative gearing changes. CGT overhaul, Macquarie changes serviceability net of gearing will be excluded from serviceability assessments for established properties. Westpac are reviewing their lending policy after lenders expected to follow the 50% CGT discount is being abolished or replaced by 30% minimum tax. And the existing investors are protected under grandfathering provisions and banks already tightening. So what does that mean? Well, existing investors are protected now just before the budget. George Markoski There was a lot of people that sold their investment property because they wanted to jump in before the budget. And there were some people that bought before the budget. Now tell you which one I’d prefer to be. The people that bought before the budget. Very smart. They were grandfathered and they’ve kept their Capital gains tax discount of 50%. Very smart move. Brilliant. And a lot of our members did the same thing. The people that sold, they’ve actually got rid of an asset that was going to be a massive saving for them in the future because the more money you make, the bigger the capital gains tax discount. So if you’ve got 50% capital gains tax discount, do not sell, keep that property for a long time because the more it’s worth, the more money you save. That’s the fact of it. George Markoski So what’s going to happen if the smart investors are not going to sell, which is going to actually make it even harder to get into property? Now investor borrowing capacity has collapsed overnight. So a reinvestor approval dropped from 800,000 to 500,000 almost overnight. What does this mean? That removes buyers from entire property price packets immediately. Many investors will no longer qualify for the same asset they targeted before borrowing power may collapse faster than tax changes themselves. So some people have got a 37.5% reduction in borrowing capacity. Now these investors that got 37.5% deduction in borrowing capacity, they were unsophisticated investors that don’t know what they’re doing. I’ll tell you one thing, our members, their borrowing capacity has not been touched because we know what we’re doing and that’s the key. So don’t worry. George Markoski The government says the new rules restore the pre 1999 CGT system. But the new 30% minimum tax floor never existed before 1999. So they’re telling a little porcupine. There’s also no five year gain averaging for large property sales. Economists warned the new design is inconsistent and actually more punitive than advertised. What does that mean? Well, they lied to us and they charge us more than what they said they were because pre1999 it was actually effectively around 24% then the current system after 1999 when they put in the capital gains tax exemption, it was 18.5%, 50% discount, 90 now a minimum 30% and more on top of that. What does that mean? The greedy government is taking more money from us. But this is the other issue though. This is going to affect property, it’s going to affect shares, it’s going to affect startups. George Markoski And the big issue is the startups, because property and shares is more of a long term thing, especially property. But short term share trading now is going to be very unaffective because you’re going to be paying a lot of tax. But investing in startups, investing in business is becoming Unprofitable as well. Because one business is risky and getting investment is hard enough as it is now there’s less incentive because if you invest in a business, you make money, you still have to pay a lot of tax. The new system treats gains and losses differently. So investment gain, inflation is protected. Investment, investment loss, no inflation protection, adjusted for inflation, CPI taxed on index gain and real value protected. So the real gains get CPI protection, the real losses do not. That tilts the system in favor of super funds over direct investors. George Markoski Let’s go back in time. Let’s get a time machine and go back in time back to when they removed negative gearing back in July 1985. Now, just quoting this, they removed July 1985 and it just lasted till September 1987. Didn’t last long at all. And what happened there? Only 8% of investors were negative geared back in those days. In 82 to 83, real rents fell in Brisbane and Adelaide. And then look what happened in Perth. Sydney rents went up 11% and Sydney 8.8%. And like I said before, Brisbane is the second worst vulnerability in Australia. But compared to Sydney, it’s very affordable. And what’s happening is people are going from 10 times to 8.5 times to Brisbane and that’s still happening. Brisbane still draws interstate buyers, but for how long? Sydneysiders are going to Brisbane for a massive upgrade and that’s what they’re doing. George Markoski If you look at Sydney, median dwelling value 1.4, Brisbane’s 1 million. So it’s still a lot cheaper. Brisbane is still 30% cheaper than Sydney, but also better quality of life. So property’s being hit from three directions now. Rate hikes, higher rates, reduce what buyers can borrow. Tax changes, policy changes remove investment and weaken borrowing power. Credit tightening banks, tightening lending standards amplifies both effects across the market. We’re getting hit in three ends. Right, so what’s going to happen here? Well, this is what’s going to happen. Educated investors are going to do very well because they’re going to be able to navigate these three things. And people that don’t know what they’re doing are going to fall out of the market. It’s going to be too hard for them. What’s happening right now that won’t be true in 2027? George Markoski Well, people are saying the markets are now pricing multiple rate cuts, which is going to make better borrowing. So some parties saying they’re going to go up two more times. Other places are saying they’re going to go down. Let’s see who is going to happen. But the fact of it is the rates have gone up. Sooner or later they’re going to go down. And when they do, there’s going to be another cheap money cycle about to start. Australia continues adding population faster than homes are being built. That’s another fact. Migration forecasts were upgraded again in the federal budget. Construction approvals are already rolling over. Nationally, the supply gaps continue driving rents up. Construction costs surge after Covid and never return to normal. They’re going up again because of the oil prices. Building a new dwelling now costs dramatically more than before 2020. George Markoski That raises the replacement value of existing bad properties. And when you change the replacement value, that pushes prices automatically. They cannot go down regardless of market sentiment. So the bottom line for investors, wages are falling globally. So property is still the best inflation hedge for Australians. Rents are actually rising and supply can’t catch up. The siege of changes are real, but the right property portfolios won’t get attacked. And Brisbane is shifting because people are still buying Brisbane. Now’s the time to act strategically because the next winners will be the investors who move before the crowd. So now we’re going to go to my favorite part of the show. We’re going to go through a case study. We’ve got Ben and Steph Cross. Okay, I’m going to go through this case study and then we’ll talk to Ben and Stephen. George Markoski They bought a property in Davoren Park. Four bedrooms, two bedrooms, one car for $500,000. 10% Cash deposit, 50 grand. Settled in October 2024 for 500. The market value now $710,000. Current profit, $210,000. They got one in Caboolture, three bedroom, two bathroom, one car. $584,900. 10% Cash deposit, $55,000. Settled in December 25 for 584. Market value 680. Current profit, 95,000. So current portfolio, two properties in one and a half years, $305,000 profit, which is quite legendary. Let’s finish this presentation. I don’t know how to stop this presentation, but I’m going to work out how to do it and then I’ll talk to Ben. Ben Cross Hey, Ben, good day, how are you? George Markoski Very good, very good. Good to see you. Now, Ben, just introduce yourself. Name state. What do you do for work? Ben Cross Ben Cross, live in Brisbane, work in Earth Moving. One of your members, Jay, he introduced me to you a couple of years ago and yeah, it was good. Probably one of the best things I’ve done, I think. George Markoski Excellent, excellent. So, Ben, I’m curious, what does life look like currently for you and your family? Ben Cross Pretty good, I’d say. Yeah. Probably one of the lucky ones, you know, doing FIFO work. So with the interest rates and that hasn’t really affected me as much, but it’s good. George Markoski Okay, Ben, I’d like you to take me back to before Positive property. What was the moment you looked the path you were on and realized it wasn’t going to get you where you wanted to go? Ben Cross Well, I was doing FIFO work. I was sort of homeless at the time. I just stay in, you know, Airbnbs or hotels and stuff when I’d get home, you know, only home once a month, and I was going to buy a house and I couldn’t justify it. I couldn’t justify spending all that money for something that I’m not going to be in and looked at a few places, couldn’t bring myself to do it. Then talking to Jay and, you know, he. He sort of give me a lot of good information on what you guys do and just made. Made the jump, you know, haven’t looked back. George Markoski Okay, so Jay’s a friend of yours and what convinced you from Jay talking to you about doing property, investing in property and joining our program? Ben Cross I’d looked at a few other, you know, sort of people that do it and it. And it didn’t. I wasn’t too convinced. And this just seemed a bit more put together, better put together, a bit more professional, had a bit more confidence after doing, you know, the first, you know, zoom meeting and that and, yeah, just seemed like a good option. George Markoski Yep. What was the moment that property clicked for you? You know, not shares, not crypto, not a side hustle. I mean, did you look at other things? What? Ben Cross Oh, yeah, property. Yeah, we’ve got all those. George Markoski All right. Yep. Yeah. Ben Cross Yeah. Did all right with gold. Crypto’s obviously down at the moment, but, yeah, probably made the best gains for property. Definitely. George Markoski Okay, that’s really good. Right before you signed up, what was the one voice you say in your head? Was it saying, like, what if it doesn’t work for you? How did you push past that? Ben Cross Yeah, yeah, definitely. There was a lot of doubts. It’s a lot of money and, you know, just had to tell myself, if you don’t have a crack, you’ll never make it, you know? Yeah. If you don’t make the jump, you know, you can sit there being comfortable. You gotta have a crack. George Markoski Yeah. So what have you currently got at the moment on the program? You’ve Been here a year and a half. What have you accumulated? What have you done? Yeah. Ben Cross Davoren Park. George Markoski How much you pay for that one? Ben Cross 480. Yeah. 5. Around 500. Yeah. George Markoski 500? Yep. And what’s that worth now? Ben Cross 710. George Markoski Okay. You made about over 200 grand on that. Ben Cross Yeah. Yeah. Not bad. George Markoski Yep. And then you bought another one. Ben Cross Yeah. Townhouse in Caboolta. It’s. It seems to a pump too. George Markoski So how much did that one go up? Ben Cross I think, what, nearly 100 grand would be, wouldn’t it? George Markoski Yeah, yeah, I think about 100. So how much have you made, you know, in 1.5 years? Ben Cross Yeah. 310 On both. Yeah. George Markoski So in one and a half years, you’ve made 210,000. Ben Cross 210? Yeah. One and a half years. 210,000. George Markoski Wow. How does that sound? How does that feel? Ben Cross Unreal. George Markoski Pretty good, isn’t it? What surprised you in the program? What surprised you along your journey? Ben Cross The. The gains come pretty quick. Like as soon as the house was built, you know, because the first one took a year. So. Yeah. You know, as soon as it was built, the price. The price had gone through the roof. So it was pretty quick. And like, I was, you know, you got to be skeptical with everything. I was a bit skeptical to start with. And then, you know, I. Then after seeing. Seeing the gains, I’m like, yeah, okay, you know what you’re doing. George Markoski Okay. I’m glad about that. Now I’m curious about opportunity cost. Right. So let’s say, for example, you didn’t join our program for two years. What would the opportunity cost be to you? What would it cost you if you didn’t join? Ben Cross Well, everything. I’ve made 310. Yeah. Christina Markoski Yeah. Okay. So it cost you 300 grand if you didn’t join. Ben Cross Yeah, exactly. Yeah. George Markoski If you could sit across yourself, you know, let’s say you didn’t join, right, in two years time, or someone else sit across from you, what would you tell them? Yep. Sorry I interrupt you. I apologize. So you’re right. Ben Cross Make the jump. If you don’t try, you’ll never. You miss the opportunity. You know, you gotta get a. Seize it and make that jump. Otherwise you’ll never get it. George Markoski Yeah. And Ben, look, well done. I mean, you’ve made the jump. Takes a lot of courage. And, you know, not only have you made the jump, you joined the program. You did what you had to do. Because if property was investing was easy, everyone would do it. But I think the hardest part is probably the emotional part when you start because you’re not sure and everything else. What was the hardest thing for you when you started? Ben Cross Yeah, that not being sure, you know, the hesitation and just going for it. Yeah, I think. George Markoski Okay. Are you glad you did it now? Ben Cross Oh, 100. Yeah. George Markoski Yeah. So if you sum up positive property, one word, what would it be? Ben Cross Wealth. George Markoski Wealth. Okay. Wealth. I like that. That’s good. Ben Cross Building wealth. Yeah. George Markoski Okay. Ben Cross Because I would have never been able to do all that, you know, all that stuff. I wouldn’t have known the ins and the outs and you know, that’s probably been the biggest help is having the people to help you along the way. Because I would never been able to do it without that help. George Markoski Yeah, it’s very complicated. A lot of people don’t realize that buying a house, there’s a lot of moving parts. Ben Cross Yeah, definitely. George Markoski And we’ve got our whole team. I mean, you got accountability coach, your relationship coach. You’ve got the whole team there helping you get through the whole thing. What was the biggest help for you to get through to that process? Ben Cross I work an 80 hour week for three weeks straight. You know, I find hard to keep track of things and that’s, you know, that was the biggest help, having the people there to support you through it, you know. Yeah, yeah. George Markoski Okay. So you do FIFO, you do 80 hours a week. So you got you very time poor. You don’t have a lot of time to do this Very. Ben Cross Yeah, yeah. George Markoski So doing on your own would have been difficult because then you’d have to do everything yourself. Ben Cross Yeah, yeah, I don’t have the time. George Markoski Yeah, you don’t have the time. And that’s great. That’s excellent, Ben. I really appreciate you. Thank you. I hope I’ll see you on in Queensland for our event. Ben Cross Yeah, yeah, I just saw that the other day. Yeah, definitely. Yeah. Hopefully I’ll be home. George Markoski Okay. Look forward to seeing you in person and then you can go collect your belts. Ben Cross Awesome. Thank you very much. Really appreciate it. George Markoski Great. Thanks, Ben. I appreciate it. Okay, Christina, I’m bringing you on my lovely co host. Christina Markoski Hello, George and congratulations, Ben. That’s fantastic. $300,000 In under two years. Ben Cross Thank you. Christina Markoski Well done. George Markoski Yeah, it’s really good. Look, I love sharing a story every week because this really helps the community because there’s probably other people like Ben that just started and they’re like, is this going to work for me? Can I do it? And that’s the beauty of it. You can see other people do it and that’s the whole point of the community. Christina Markoski Oh, it makes a big difference sitting down and just taking a look at the numbers and seeing what’s actually possible and what you can achieve with when you put your mind to it. George Markoski That’s right. So what I was going to do is I was going to do Q and A and then we’re going to. Christina Markoski We’ve already had a really good question. We had a question. Were Ben’s properties old or new? George Markoski Good question. They’re brand new because we buy brand new. We don’t buy old properties. And the thing is with Ben, he bought brand new. And these properties are got the full capital gains tax benefits for as long as he has them. So what I suggest to Ben is don’t sell because when you do sell, in the end they’re going to be very powerful because you’re going to have massive savings. Think about this. If you’re getting 50% off capital gains tax, what’s the best thing to do? Accumulate as much money as you can in order to do it. Right now there’s a lot of clever ways of dealing with capital gains tax. And because I’ve got a lot of properties, I’ve been property investing for a long time. I know all the tricks on how to reduce your tax maximum. George Markoski And the beautiful part is our members are not going to lose anything because this new budget at all. Christina Markoski Right, that’s good to know. So you can help us navigate everything we need to know about that. George Markoski Absolutely. Christina Markoski Beautiful. Fantastic. So, ladies and gentlemen, this is really your part of the night. And this is your opportunity where you get to put your questions in the chat. Then you’ve got George here to answer them. George Markoski Exactly. So should we move to our private group? Christina Markoski Yes, I think the time has come. George Markoski Okay, well, just all the people watching, thank you so much. Next week is going to be an amazing session. If you’re going to see any session at all, next week’s a session to watch. So what I’m saying is you have to come next session because I’m going to show you proof. Because at the moment, they’re predicting the biggest price drop in 40 years. Christina Markoski Wow, that’s huge. George Markoski This could be true this time. Christina Markoski Who’s predicting it? When you say they’re predicting it? George Markoski The banks are property experts. Everyone’s predicting it. Right. The media, but also property prices have already dropped in certain areas already. Christina Markoski Interesting. George Markoski This is the thing. While Ben was making all that money, other people losing money. Right. That’s what people have to realize. The fact of it is there’s 15,000 suburbs in Australia. Not all those suburbs are going up and down at the same time, obviously. Right. Christina Markoski That’s why you need to buy in the right spot. George Markoski Yes. And I perfect this algorithm 20 years ago, the top 100. And this algorithm has been very powerful. I’ve had developers pay me $100,000 just for access to this list in the past, especially when things were slow moving and they wanted to guarantee they were going to be in the top 100 to make money. So I’ve made a lot of money out of this list. And our clients have made a lot of money. You know, we, our clients have actually done $5 billion worth of property deals in the last 20 years. Three and a half thousand people. And they’ve all made a profit, every single one of them. And I’ve gone through four actual corrections. Price things, what’s happening at the moment, the property price that are going to drop. I’ve been through it four times. I’ve seen this story play over and over. George Markoski And what I want to do is I want to show you what I did, exactly what I did, exactly what our clients are going to do now. That’s what’s happening. Because what’s going to happen now is with all this news about property prices dropping, but not only that, when you start seeing them drop, people are going to be very scared. They’re going to be scared of investing in property, which gives actual more opportunity. Christina Markoski Yeah, nice. That’s what we want, more opportunity. George Markoski Right. And the people that bought the wrong properties and had FOMO over the last few years, they’re going to be in trouble. They’re going to lose money like they did the last four times. And I’m going to show you how much people lost last time, how much money our people made, what we did, how we did it. And then I’m going to show you what’s going to happen in the future. I’ve been spending the last week getting this presentation together. It’s going to be ready next Thursday night. Christina Markoski Fantastic. Now, I hope it’s still live on Facebook. George Markoski So. Christina Markoski Okay, great. I’ll read out the Facebook question first, then. And I’ll go back to the other. George Markoski Question before we read out the question. What I want to do is I’m going to talk about the new rules of real estate. If you’re watching live, you’re not part of our group. Type in new rules and our team will reach out to you so you can get a seat at the table. Okay, let’s do this. Christina Markoski Oh, excellent. So how’s it profit when you have to sell the property to see the money. This is a good one. George Markoski Say it again. Christina Markoski How is it? Profit, referring to obviously Ben’s properties, the case study we just went through. When you have to sell the property to see the money, you don’t have. George Markoski To sell the property to see the money. That’s why it’s profit. So you thinking that you have to sell the property to see the money is old school thinking. So if you look at Robert Kiyosaki and a rich dad and a poor dad, the poor dad would ask that question, say, how do you make profit when you have to sell it? Rich dad would say, you don’t have to sell it. And the rich dad will say, we won’t sell it. Right. So the whole capital gains tax discount, that whole red herring anyway. Right. The fact of it is, it came in handy for when you reposition because sometimes you’ve got to reconfigure your portfolio. But usually what we do is we do what smart money and rich investors do. We don’t sell, pay tax to gain our profit. We refinance to gain our profit. George Markoski And that way we get our profit without paying any tax. Christina Markoski That way you can still access the money. George Markoski You get access to money. You don’t have to pay tax on it. Christina Markoski Exactly. George Markoski I’ve been doing this for years. I literally retired in my 30s doing this, getting profit out of properties without selling them. Christina Markoski Perfect. Let’s see. Facebook questions. If the rental income. Is the rental income going to your pocket or loans and expenses? George Markoski Depends on what part of the journey you’re in. So what happens is the rental income starts paying your expenses and as it goes up, you start making a profit and you start getting more money. So every year make more money. Christina Markoski Okay, this one’s a very specific question. I work in Logan and I’m deciding between a unit in Logan or house in Ipswich. Do you see it possible to get a house in Logan under 700,000 again with new changes? I’m a first home buyer. Capital gains tax does not apply to me. George Markoski Yeah, look, if I was a first home buyer. Look, I am not good at teaching first home buyers. You need to go a special stat. I am really based on investments. I help people invest. I don’t help first home buyers. I’ve got no idea. I wouldn’t want to give advice to someone about something I don’t do. I literally am probably Australia’s leading authority when it comes to investing in property, but I’m nowhere when it comes to first home buyers. I’ve never done it before. I’ve never helped anyone. I bought my first home once. Yes. But that’s all I’ve done. Christina Markoski Perfect. George Markoski I’ve literally helped people do 5,000 property deals. When it comes to investments, that’s what I’m good at. So someone shouldn’t really be giving advice on something they’re not good at. I’m not going to give advice on first time buying. Christina Markoski All right. Excellent. I think that’s all the Facebook questions. Beautiful. Thank you so much for joining us tonight. George Markoski Thank you. And Christina, you may not be here next Thursday night. You never know because you might be busy. Christina Markoski I might be doing some important work. George Markoski That’s right. Thanks, everyone. Thank you. I’ll see you next Thursday.