BREAKING: The Rate Hike Cycle May Already Be Over

George Markoski Every rate peak in history created millionaires, this one will too, and the window’s open for now. Every single time we’ve had peak rates and they’ve dropped, there’s been a property boom. That’s every single time, bar none. It’s the people that get into the boom before anyone knows it’s happening that make the money. The opportunity cost of waiting is very big. You don’t want to wait for rates to drop before you invest. Hello, George Markoski, Positive Property, and welcome to the Positive Property Show. The rate hike cycle is over, or is it? George Markoski Recently, the RBA held rates and a lot of banks were actually predicting the rates were going to go up, some predicting they’re going to go down, and they held the rates. So is this good news? Is the rate cycle over, or is it going to continue? We’re going to answer that question tonight. We’ll try as best we can. Obviously, I don’t have a crystal ball, and you can’t really always tell what the RBA is going to do because sometimes they do some strange things. But let’s talk about what’s happening in the world at the moment. George Markoski Iran and the USA have recently signed a memorandum of understanding, MOU, and what they’re doing is they’ve got a 60-day ceasefire and they’re planning on doing a deal, and it looks very promising. This is the first time they’ve both actually signed it. So Donald Trump signed it in Europe at, I think it was Doha, and then the other counterpart signed it in Pakistan. So what does this mean? George Markoski Well, a bit more stability for oil, and that actually could mean, and it has already, oil prices have gone down, and this could help shrink what’s happening in regards to inflation in Australia, which is good news if it continues, but let’s see what happens. They’ve got 60 days to sort this out, and considering they’ve been fighting for 100 days and taking 60 days to sort it out, that’s a considerably long time. It’s a bit like this. Imagine if you had a fight with someone for 100 minutes and then afterwards you’re like, “Okay, let’s spend 60 minutes together not fighting to work out how to do peace.” It’s a long time. George Markoski Okay. State of the world. Trump’s oil war has hit $110 ceiling. So markets can increasingly expect diplomacy over disruption, and oil prices have retreated, and Saudi spare capacity limits the risk of a prolonged supply shock. Lower oil prices support the case for future rate cuts, because lower oil price means less inflation, which means that the RBA might be cutting rates instead of trying to curb inflation. So I would say this is good news for everyone, and I suppose very good news for the Iranians who were getting bombed before as well. So this is the interesting thing. This has never happened in history. George Markoski Trump declared the war is over 39 times, and usually what happens is Trump, on a Friday night before the markets close, he’ll say, “Ceasefire done. The war’s over.” So what Trump did, which is actually quite interesting, is he actually manipulated the markets and really subdued them from going crazy. So his strategy actually worked very well, and what was happening, instead of oil prices keep going up and up and up, he would say, “Ceasefire,” and it’d go bring them down again, then go up, then he’d bring them down again. They’d go up, he’d bring them down again. Now, why did he do this? George Markoski Well, one reason was him and his friends made a lot of money out of oil futures and other things like that. Think about this, 39 opportunities to make hundreds of millions of dollars because of the oil price. Because when there’s volatility in the market, there’s lots of money to be made. However, because of volatility, unless you know what direction the stock or the price is going, it’s very hard for you to make money. But typically, in very highly volatile markets, there’s a lot of money to be made, especially if you know if it’s actually going to go up or down and when it’s going to happen. George Markoski And literally, Trump can go on Truth Social, post there’s a ceasefire, and suddenly oil prices go down. Imagine that power. A lot of money to be made, a lot of money. But also, what it did, it kept oil prices in check and actually helped stabilize the situation as well. So whether he did it to make him and his friends rich, which is probably what he did, it actually worked in other ways as well. So cheaper oil means lower Australian inflation. Basically, oil’s fallen from around 85 to low 60s, and basically, lower energy costs help reduce inflation pressure hugely, because this was the main driver. George Markoski The latest inflation was all due to oil and nothing else. And the RBA’s always got its eye on inflation and closely watches it, and cheaper oil improves the outlook for rate cuts. So if you can see this, oil price USD per barrel, the peak was 85 April 2024, and now it’s gone to 65. Now, Australian property hits another record. Property wealth in Australia reached $12.3 trillion. That’s the value of the residential property market in Australia. The average Australian home is now worth $1.11 million. Homeowners, investors are continually building wealth while renters fall behind. And the property cycle remains to this day, Australia’s most powerful wealth creation engine. George Markoski And that fact alone is very important for everyone to hear. The property cycle, I’m going to repeat it again for everyone just so we can be clear. The property cycle remains Australia’s most powerful wealth creation engine, and there’s either people that are in it or people out of it. Now, there’s been a lot of people talking about property going down And they’ve been saying this for years. I believe that since I’ve been investing, since the ’90s, so a good 25, 30 years I’ve been investing. And one thing that’s been very constant is people saying, “The game is over. It’s a bubble. George Markoski It’s going to go down, and that’s it.” This happens incessantly. I hear this all the time. And lately, it’s been pushed very hard in the media, a lot of experts out there talking about it, saying that the property bubble is going to burst and, oh no, the world’s going to fall down. It’s a bit like “Chicken Little” when, if you remember the story as a kid, when that little chicken had the egg cap on his head and he thought the world was going to fall down, but it wasn’t. And I think the boy cried wolf way too often, saying that it’s going to crash. George Markoski Now, are certain markets going to recalibrate? Yes. And they have to, because there are certain markets, certain property, that are just way overheated, and they need to recalibrate. Is there still buying opportunities? Hell yeah. Lots of buying opportunities, and it’s huge because the property in Australia is driven by fundamentals. And until we fix those fundamentals, until we fix supply, until we fix construction, until we get rid of the red tape, until we fix immigration, nothing’s going to change. That’s the fact of it, and it’s just going to continue getting pushed up because the law of supply and demand is an absolute law that cannot be circumvented. George Markoski And no matter what the government does, until they fix supply, it’s not going to work. So rates are high, growth is not. The cash rate remains at 4.35% following the June decision. The RBA has not ruled out further rate increases. Major banks expect rates to stay high for longer. Markets are beginning to price future rate cuts. So if you look at this graph, let’s look at 1990, because 1990 is when I started investing in property. And you look at the peak here, 17.5% was the peak. And then you look at 2000, it went up a little bit. Then you got pre-GFC peak of 7.25%. George Markoski And this is the funny thing, I bought properties pre-GFC at 7.25%, and those properties have made me lots of money. Then they dropped rates. Then we had the pandemic, and we had the lowest rates in history. And I must say, I really enjoyed having the lowest rates in history. And I think, why can’t we just have low rates, the lowest rates in history, all the time? And now it’s gone up again. But you can see where we’re at at the moment. The current rate is 4.35%, so it’s not the highest we’ve ever had. It’s actually more on the low side than the high side. And they’ve remained rates there. George Markoski And Westpac and CBA are now saying that early ’27 there’ll be rate drops. So if you follow that, at the moment, rates are very reasonable. They’ll become more reasonable. So the RBA’s message was clear. The board is not ruling out increasing the cash rate target further if required. So they’re saying they reserve the right to increase, but they’re not ruling it out. So rate hike bets are falling fast. So rate hike expectations, before, 85% of people thought rate hikes were going to get up, and now it’s gone down to 45% since January. So markets now see rate cuts as the more likely next move. George Markoski Unemployment is climbing faster than the RBA modeled. Falling oil prices are giving the RBA the cover it needs to hold or cut. So you look at January 2026, 85%, the market was predicting rate rises. And now 55% of the market is actually shifted to talking rate cuts. That’s a good sign. So the RBA got its unemployment numbers wrong. Unemployment hit 4.5% against the RBA’s forecast of 4.1. That’s a 0.4% miss in 12 months, and that’s historically significant because a weakening labor market takes rate hikes off the table. Slower jobs means less pressure on mortgage holders. That’s what it really means. And you can see the gap there in the map. George Markoski So let’s talk about the government. 10 out of 15 quarters under Albanese have delivered falling per capita GDP. Good work, Albanese. If you look at Australians getting poorer under Albanese, that’s really the message. So this is the worst per capita performance of any government in modern history. The only reason aggregate GDP looks positive is mass immigration, and that’s why they’ve been pushing it, to make their numbers look better. But falling living standards are forcing the RBA’s hand. So you look at Howard, Rudd, Abbott, Turnbull, Gillard, then you look at Morrison and Albanese. Now, part of this is market conditions worldwide. George Markoski But if you look at Australia, we’re in a good place. We should be doing much better. But when you become the most taxed nation in the world, the highest taxed first world nation in the world, then something’s got to give. And it’s going to be really people’s living standards and their wealth. What happens is, the government, what they do is they import all these people from overseas, and all the extra people increase GDP. And what happens is it looks good for the government. George Markoski They’re going to say, “Wow, our GDP went up.” However, GDP going up is not what we’re looking for, really What we really want to look at is per capita. What does per capita mean? GDP per person. Because if you’ve got 10 people, right, and let’s say the 10 people are making a million dollars a year, so divided by 10 is $100,000 each. Now, suddenly what happens is you want to get GDP up, so you get another five people in. You’ve got 15 people, and they’re making $1.2 million a year, and you’re going to go, “Yay, $1.2 million. George Markoski Their GDP’s gone up.” But this is where the devil in the detail lies. If you’ve got $1.2 million divided by 15, that’s only $80,000 each. So yes, GDP went up, and yay, we got more money, but boo, everyone’s actually making less money, and that’s the real story here. So what does this mean for investors? Well, the rates have peaked and cuts are coming. So 4.35 now looks like the top of this rate cycle, and this will depend what happens in the next 60 days with the Strait of Hormuz and Donald Trump. George Markoski USA and Iran, if they have a real long-lasting peace and the Strait of Hormuz is open, then rates looks like they’re going to drop. But if they don’t, then we’ve got an issue. So future jobs and all point to the cuts, and every rate peak in history has been followed by a property price surge. Investors who buy at peak rates lock in the best entry point. So the fact of it is, every single time we’ve had peak rates and they’ve dropped, there’s been a property boom. That’s every single time, bar none. So I would suggest that’s what’s going to happen next. George Markoski And what happens is, it’s the people that get into the boom before anyone knows it’s happening that make the money. It’s not the people that wait for the boom to happen. They don’t make the money. They’re paying full retail to the people doing it beforehand. So investors are selling, but it’s not driving rents up. Net rental supply stock change May 2026, 1,532 investors sold their properties after they heard the news of what’s happening with the government. When investors sell to owner occupiers, one less renter needs a home, so the net impact on housing stock is near zero, which is fascinating. This is what’s happened so far. Now, I don’t know. George Markoski These investors that sold was a very knee-jerk reaction and probably not a very smart move unless they had a really s**t rental property, and then maybe it was a good move. Melbourne proves that investors don’t drive rents because they lost 20,000 rental properties and their active rental stock has gone down by 2.4%, and Melbourne’s had the softest rental growth among capitals. But wait till you see the more immigration come in. It’s going to change very soon. So only one in five investors adds to housing, and that’s the past. This is not going to happen in the future. George Markoski What used to happen is 82% of investors’ mortgages were established properties, not new properties. Buying established property doesn’t actually improve the rental crisis because all it does is transfer ownership and adds nothing to supply. Because you buy a property off an owner, then you’ve got a property. That owner becomes a renter or another owner, and you haven’t really done anything. But when you buy a brand-new property, it’s very different. Because when you buy a brand-new property, then suddenly you’ve added another property to the stock of the nation, which helps the rental supply. And now the government has made it very, very difficult for an investor to buy an established property. George Markoski Because basically, you buy an established property, it’s going to be very hard to get your cash flow right. It’s going to be very difficult. And what they’ve done is they’ve made it easy for the smart investors to invest in brand-new property. So the move was quite smart and may actually help the supply crisis. However, they’ve still slowed everything down. There’s a lot of people confused and a lot of people are actually avoiding the property market because they don’t know what’s going to happen. And when there’s confusion and indecision, people don’t do anything. But really, what is driving the rental crisis? Overseas migration. George Markoski So Albanese has let more people in than any other prime minister since 1996. So in 2023, migration topped 500,000, the highest on 30 year record. More arrivals means more rental demand and nowhere to go. This is a population policy problem, not a property investor problem. And really, property investors are the actual solution to the rental crisis. More migrants is not the solution. Because what the government proposed is they proposed we get more skilled migrants in and then get them to build properties to help us get there. That’s what they’re saying. George Markoski So they’re saying if Australia corrected by 8.2%, then suddenly there’d be $1 trillion in housing wealth that would go down. Policy settings increasingly favor housing stability over weakness. So what you got to understand is the governments, the banks, and everyone are holding this together. They want property to be strong and not weak. Every rate peak in history created millionaires. This one will, too, and the window’s open for now. So what do smart investors do when rates peak? They lock in pre-cut borrowing conditions before rates fall. They target capital growth markets, and Melbourne is a value price right now. There’s some other markets, too. George Markoski They avoid high LVR speculation and focus on cash flow fundamentals. And what they do is they build a portfolio now, and they don’t rely on lower rates later. So that’s what the smarter investors are doing now. But also, smarter investors now are taking advantage of the laws, of the capital gains tax laws, and also of the negative gearing laws. So what needs to happen is when you’re buying a property, investment property, the number one thing you’ve got to get right is you’ve got to get the right location. You’ve got to buy in the top 100. George Markoski Number one thing, because you want to buy a property that’s going to double in the next seven or 10 years. Number one thing. Number two thing you ought to get right is the structure. And now more than ever, getting the structure is right, and part of getting the structure is getting the right property, because not all properties are equal. Most properties are going to give you the wrong structure. They’re not going to give you the right tax savings. They’re not going to give you the right CGT. And because of that, it’s going to be very complicated and very hard. George Markoski And if you do it the wrong way, what could happen, you could end up with the wrong property that’s not going to go up in value. But not only that, you’re going to end up with property that’s going to cost you too much to hold, which is going to make it even harder. But if you get the right property, then you can hold it, and you’ll be fine. So let’s get to our case study part. We’ve got Mark and Melanie Lawrence. I’m going to welcome them in. What they did is they joined our program several years ago, and they got an investment property in Rothwell, Queensland. George Markoski This has got a four bedroom, two bathroom, two car. They paid $743,900 for this property. Looks like a townhouse. And they paid a 10% cash deposit, $74,000. It settled in April 2025. So settled how long ago? It’s June now, so just over a year ago. And the market value is already $943,000. Pretty awesome. And then they got their second one, Denman Prospect, and this is an apartment in ACT. They paid $554,900, which is very good buying for an apartment in ACT. And that now just settled in March, so it hasn’t gone up. It’s only been there for March, April, May, June. So they’ve only had it for a few months. George Markoski But this is the property there. Looks amazing. So current profit, almost $200,000 in 16 months. So that’s less than a year and a half. That’s what they’ve done. So what I’m going to do is going to stop this presentation, and I’m going to talk to Melanie. Now, how do I stop this presentation without losing it? Oh, there you go. The team did it for me. George Markoski Hi, Melanie. How are you? Melanie Lawrence Hello. I’m good. Cold. I’m cold, but I’m good. Thank you. George Markoski Whereabouts are you located? Where are you? Melanie Lawrence We’re in Adelaide, South Australia. George Markoski In South Australia? Okay. It’s cold there at the moment, is it? Melanie Lawrence Yeah. Yeah. George Markoski Living in Bali, I’m spoiled because everything feels warm every day, and I’m so surprised, right? Melanie Lawrence Sorry Mark’s late. He meant to be here. George Markoski That’s okay. Melanie Lawrence But he’s doing some work for our next property deal right now. George Markoski Hey, look. You know what? That’s very forgiven. He’s doing your next property deal, which is great. That’s awesome. So Melanie, tell me a little bit about yourself and Mark, where you come from, what you do for a living, and everything else like that. Melanie Lawrence Okay. Been married to Mark for 30 years. He’s a software engineer, and I have been working in hospitality for the last few years. I’m a casual worker, and we have a 15-year-old son. And yeah, we live in Adelaide. George Markoski Okay. Lovely. Well, I come from Adelaide as well, so I got to appreciate that. So before you started, what was worrying you about money or the future? Melanie Lawrence Fifties now. So I guess the last few years we’ve sort of been thinking of the retirement phase of life, and also about having some passive income. I’ve wanted to have passive income for the last probably 20 years. I’ve been thinking about getting into property, but never confident enough to do it. So we were sort of worried about having enough for retirement, but also for our son. I was worried about him being able to get into the property market. George Markoski Understandable. A lot of people are worrying about their kids getting into the property market. I mean, properties just hit $1.1 million median price in Australia. And now I remember when I was a kid, and if I heard million-dollar house, I imagined a big, white, massive mansion. You know what I mean? And if you look at a million-dollar house now, it’s a townhouse. It’s a two-bedroom townhouse, right? Melanie Lawrence Yeah. George Markoski So it’s crazy when you think about that. It’s not a big mansion. It’s a two-bedroom townhouse, a million-dollar property. So what were you doing with your savings before property? Melanie Lawrence In the past, what we thought was safe, I guess, term deposits, and we bought some bullion as well. George Markoski So I’m curious, what made you finally decide to do something about it? What was your turning point? Melanie Lawrence I guess, 20 years ago, it has to be, because our son’s 15. I knew that I wanted to get into property because I’d seen other people buying property after property and living off the rental income. Started reading all the books, and then I even went to TAFE and did a six months property investing, like a course about doing property investing, like some development, different ways of making money out of property. And then never had the confidence to do it, because I guess we felt like we didn’t know enough, or we didn’t want to put all our eggs into one basket of one property and make a mistake. Now, down the track, I looked into different groups, and Positive Property was one. I met with others that had been in with Positive Property, getting properties, and they were a lot younger than us, and they had four or five properties. I’m like, “Oh, these guys can do it.” So that gave the confidence, I guess, really to just to go for it, because doing it on our own wasn’t, yeah, we weren’t confident to do it. George Markoski Okay. So what you’re saying is once you joined the group like ours, having the circle of safety of the people around you and the system, that made you more confident to actually pull the trigger. Melanie Lawrence Yeah. Because there’s one thing about thinking about investing. Another thing’s actually doing it. Because I’m a casual worker and banks don’t really like that. I keep swapping jobs within hospitality. That’s just how it is. There’s lots of different, work at different restaurants and different places. So we thought it was a bit tricky being able to get a loan. My husband’s on income protection, so that makes it even trickier. So just having the right people to problem solve and, yeah, it’s never going to be easy, investment journey, I guess, but just having a coach, having all the different people, the mortgage brokers and different people, the conveyancers, just the whole group of people that just are experts in their area. The first one was the trickiest, I guess, the first property, but we just trusted. Just, “Yes, do whatever works.” Just follow the next step. George Markoski Okay, so basically just followed the steps one at a time. And so how did you go? You’ve got two properties now, and you’re working on your third. How much money have you made? What have you bought? Melanie Lawrence Yeah, so the first one was in our personal name. We bought in Rothwell in Queensland. We live in SA, so we sort of wanted to spread it around. Up in Queensland, a townhouse, and that’s been just over a year now, because it was April, it was just the one-year anniversary. So that’s pretty much gone up $200,000. So while we were in the, between deposit and paying the full amount, it had gone up. We were like three months and it’s already gone up. It’s like, “Oh, wow. Oh, this is working really nice.” George Markoski Wow. So your property went up $30,000 or $40,000 before you settled, but now it’s gone up $200,000 all up in just over a year. Melanie Lawrence Just over a year. George Markoski And, I mean, most people would have to work a long time to get $200,000 in one year. Melanie Lawrence Definitely in hospitality you do. So that was the first one, and then the next one we bought in Denman Prospect in the ACT as an apartment this time, and that’s in our SMSF, our super. George Markoski Yep. That’s your retirement plan. Melanie Lawrence Yep. And that was March, just before we were heading overseas. We were going on a big trip and, yeah, all that was happening at pretty much at the same time, so that was pretty exciting. We thought we were going to rent it out for about $510 a week we were told, but we got $530, so pretty good. George Markoski Nice. Yeah. That’s really good. You got more. You got higher rent than you expected. How long did it take to rent out? Melanie Lawrence Oh, no, it was quick. It was about 10 days, I think, by the time they found people, interviewed people, and then put them forward to us. Yeah, it was pretty quick. We had to get blinds in, though, so we needed a bit of time to get that sorted and then put the people in. So it was really, it was straightaway. George Markoski Excellent. So what was the hardest part of your investment journey? Melanie Lawrence Having confidence. So we joined the program and then didn’t do anything for a year, and that was all us. We had a coach, we had everything we needed, but it was just being confident or being ready and getting confidence. Just pulling the trigger. George Markoski What helped you get the confidence? Melanie Lawrence I think all the education and just meeting other people that had succeeded. In these meetings, we often get into breakout rooms and chat to others. And then, hearing story after story of success. George Markoski Okay. So the breakout rooms and meeting other people, that helped a lot. Melanie Lawrence Yeah. And the conference. I went to my first conference, West Lakes one, which is really close to where I live. I went to that conference before we had bought any property, and that was on the table of people that had three, four, five properties and, “Oh, this is sounding good.” George Markoski Yep. This is what I suggest to everyone that hasn’t been to the conference. You need to come because that could be the difference between having a property portfolio and not having one. Because it’s hard to pull the trigger, very hard. And Melanie, you joined the program and it took a year, and I’d imagine what’s the opportunity cost waiting one year? You probably could’ve bought a townhouse for a lot less that’s gone up more, right? Because you made $200,000 in one year. Sure. You maybe would’ve made $300,000 or $400,000. Melanie Lawrence Yeah, and then the price of each property is getting more and more expensive, so as you wait. At the moment, we’re looking, our budget’s around $600,000, and properties are getting higher and higher. So yeah, the longer you wait, the higher the buying price is getting. George Markoski Yep, and that’s the thing with property investing. The opportunity cost of waiting is very big, right? And a lot of people fuss over a deal and try to get it perfect and think, oh, Sharon, she was there with you at the event. What people do is try to get it perfect, and they focus on, is the $10,000 too expensive or what? But they’re missing out on $200,000 trying to work out the $10,000, right? So that’s the other thing. Where are you now? How are you feeling now about everything? Melanie Lawrence Really good. We finished the last one, and we’re already onto the next one, straightaway. Well, we’re traveling, so I was like, “Oh, this is bad timing.” George Markoski And currently you’re working on your third investment property, is that right? Melanie Lawrence Yeah. That’s what we’re just doing the numbers. We just had the meeting with our coach on all the numbers, so we’re just, yeah, about to sign there. George Markoski Okay. So did you think you could get three properties this quickly when you first looked at investing in property? Melanie Lawrence No, before I met people in Positive Property, I guess you thought, “Oh, I could just get one.” Yeah, have one. So now we’ve got our own home, and then plus this will be our three investment properties. George Markoski Yeah, so four properties. If you look at Australia, the percentage of people that have got four properties is less than 0.1% or something crazy like that. So you’re in rare company. You must be very proud of yourself. Melanie Lawrence Yeah. Fantastic. Yeah, never expected. I guess I didn’t plan for it, but it just means that now I’m thinking about, “Oh, when can I retire?” George Markoski Exactly. That’s right. And I think you’ve joined your son on the Legacy program as well, so when he turns 18, he can get a property. Melanie Lawrence He’s a good thing. We went to Bali for the last seminar. And then we’re going up to Queensland for this one. I just talked to him about it. He’s going to be 16 just before we get there, and he wants to come into the conference. George Markoski I’d love to see him there. That’s exciting. Melanie Lawrence Yeah. Exciting. Yeah. You know? Because he said to me not long ago, he said, “Oh, Mum, I’m never going to be able to afford to move out of home.” George Markoski That’s sad, isn’t it? Melanie Lawrence It is sad, but I think we can help him. George Markoski As you know, we’ve got the Legacy program, and that’s what we do with people’s children. I’ve got my son. I’m going to bring him to the conference, even though he’s only 10 days old. So what does this mean for you and your family long term, joining Positive Property, investing in property? Melanie Lawrence It means that we’re not just hoping that things are going to work out for our retirement. We’re actively working towards it, and then I know that our son will be able to leave it. He’ll have property and income. Yeah, he’ll have everything that he needs going forward as well. I haven’t got any family to look after him, so he’ll be on his own when we’re not here. So it means a lot. It means a lot. George Markoski That’s fantastic. One more question. What would you say to people looking into investing in property or joining Positive Property? What would you suggest to them? Melanie Lawrence Definitely come along, learn, jump in. Talk to others. The only way you’re going to get confidence is to meet everyone and get to know the process and things, and just take action really. Don’t just sit around. Don’t wait. George Markoski Yep. Join. It’s going to be about me, isn’t it? Exactly. And one last message, people that have joined Positive Property, but they haven’t got a property yet. They’re just sitting on the sidelines waiting, wondering what to do. What should they do? Melanie Lawrence What are they waiting for? They’re waiting for stars to align. I don’t know. Don’t wait. I was the one that jumped in, and my husband’s the one that’s going back. It can be tricky to both be on the same page. George Markoski I love your question, what are they waiting for? Exactly. Because the deal is, it doesn’t matter whether you’re investing in property, there’s always going to be negative media hitting you from every side saying, “It’s going to crash, it’s going to crash.” I’ve been investing 25 years, and I’ve been hearing that 25 years straight. Wow. And if I listened to it, I still wouldn’t have invested by now. Melanie Lawrence Yeah. We didn’t really talk to anyone about it. You don’t want all the naysayers and the, “Oh, what are you doing that for? You should be in shares.” You just hear all sorts from everybody. So we didn’t say anything. George Markoski But now, I put it on Facebook. Well, now you’ve got the notches on the belt, and you can do it now, right? That’s different. Fantastic. So Melanie, I just want to say, I really appreciate you and love having you as part of the community. It’s awesome. And we get to meet in person in Queensland this October, which is great. Thank you for joining us, and I’m really looking forward to seeing you grow your portfolio and do really well. Melanie Lawrence Thank you. No, thank you. Thank you to Positive Property. George Markoski No worries. Thank you. No worries. You’re welcome. Okay. Congratulations Mark and Melanieanie. So good to see so many wins. Can’t wait to see you in the Gold Coast. We love M&Ms. Congratulations, well done. I love that PP’s a real deal, not bullshit scam. Genuine. I was there. Could we please get the link again for the conference? Absolutely. There it is. Great work Melanie and Positive Property team. Super rare and super beautiful people. Emma said, well done, Melanie. I have a husband that’s a handbrake too. Yep, look, there’s always going to be a handbrake. There’s going to be either one, not always, but sometimes you’re going to have one person that’s more conservative than the other, and you need one person to push it. That’s just the way it works. And every now and again, you’re lucky and you’re both on the same page, and you can just go in and do what you need to do, which is great. My husband’s glad he listened to me now. Awesome. There you go. It’s great. Fantastic. I’m lucky Christina loves investing as well, so that’s really good. So that’s excellent. So what we’re going to do now, we’re going to go to our private group. Everyone in the public group, thank you for joining us. Now, remember, if you’re in the public group, if you’re watching our show on YouTube or podcast, and you want help with property, reach out, type in winning, and our team will reach out to you. Because you don’t want to wait for rates to drop before you invest. You want to get all your ducks in a row right now, and get in there before the next boom. Thank you.