The Biggest Lie About Australia’s Housing Crisis

George Markoski There’s going to be a lot of fear and doubt in the media. This is just the beginning. The hard thing is people are trying to time the market. And what happens when people try to time the market is they end up missing out completely. Is Property investing risky? Yes. But the biggest risk is not investing. Timing the market doesn’t work. The thing that works is time in the market. But you know what? Don’t just take my word for it. Me and Adam, what are we doing at the moment? We’re buying. Okay. Tonight we’re going to talk about the biggest lie about Australia’s housing crisis and why Australia’s housing shortage won’t be solved by building approvals alone. Welcome to the Positive Property Show. I’m here with Adam Albrecht. Hello. Welcome. Adam Albrecht Good evening, everybody. George Markoski And I’m George Markoski. Let’s get right into it. The lie everyone believes. Approvals keep rising, completions keep falling. The pipeline is broken. So approvals are recovering, but completions are not. So here’s quarterly approvals and completions versus the housing accord target. As you can see, dwelling approvals in black, and then you’ve got red dwelling completions. So approvals remain around 80% below the housing accord target. So not even where we need to be, but completions are tracking actually 27% below target. So projects are being approved faster than they are being finished. And Australia’s housing shortage is going to continue to deepen. So 112,400 fewer homes built than the core target in the first 21 months. This is not a pipeline. It’s more of a car park. George Markoski But this is what I want everyone to imagine. What’s the biggest suburb you’ve ever been to? Adam Albrecht As you mean like Sydney or. George Markoski No, suburb. So we’re talking about suburbs. So, you know, in Adelaide, what would it be? A big. Adam Albrecht Henley Beach, for example. George Markoski Yeah, Henley Beach. Probably not that big. Right. Tennyson, where I come from is tiny, big suburb. Morphett Vale. Massive suburb. Now, if you imagine the biggest suburb you’ve ever been to, and then all the streets you’ve driven down and all those streets you see and then add some more. I want you to imagine a suburb that’s got 112,000 properties. And if you drove in there, what would you see? Nothing. Maybe a few pegs in the ground, bit of that tape and rope, but nothing. The whole place is empty. And that’s what we’re talking about here. 112,000. That’s the size of a small town. Yeah. Thing is, people can’t live in a building Approval, they need to finish it and live in something to live in. George Markoski So these 112,000 people have got nowhere to live and that’s the big issue at the moment. George Markoski We’ve got a massive undersupply. Adam Albrecht Well you’ve also got the governments who are pushing for fast track approvals and to get more housing out. But developers, they’re approving them but developers are not building them. George Markoski That’s the issue. Exactly. Because even approvals are 80% below but our completion is 27 below the target. So have a look at this. Australia isn’t finishing homes fast enough. A record 243,900 homes remain under construction. Annual completions have barely changed since 2020. More projects are entering the pipeline than leaving it. The construction backlog has returned to a record high while completions remain flat. So you look at the annual completion number, this gold little bar and then look at the construction pipeline. What a big gap there is there. Now as we know, getting an approval is one part, but then having the team to actually build it, having the money to build it, making a profit is the other part correct. Adam Albrecht And that’s the points that I’ve sort of, I’ve noticed some points down here George, because what there is a worker shortage. So there’s not enough workers. We all know how hard it is to get a tradesperson. Then you’ve got the high cost of materials going up. We all know how much materials have gone up. Then financial pressures, developers, they’re being charged anywhere between one and a half percent per month on their money. So if you think about a multi million dollar project, you’re paying 1% per month. So this is all slowing down. The delayed starts for the next project because they’re not finishing their previous projects because they don’t have again the workers, the high cost and the financial pressures, it’s a vicious circle. George Markoski Yep. And look, the numbers don’t stack up. They’re not going to start, are they? No, because it’s not going to work. And that’s the issue. Right, so the demand nobody counted, Right. See we’ve got 174,000 homes per year but we need 236,000 new residents. The maths does not lie. The housing supply just hasn’t kept up population growth. So we build about 174,000 homes per year on average. Net overseas migration average 236,000 people per year. The housing accord target is 240,000 homes. The long term shortage is the result because you see this little graph here on the left. The average completions 174 National Housing Accord 240 65,500 homes short per year. Now, if we just miss this once, we can recover. But this is the issue, right? George Markoski The population growth isn’t slowing, it’s just concentrating. Sydney and Melbourne remain Australia’s biggest population magnets. George Markoski And Brisbane and Perth projected to grow as well. So you look at the projected capital city population, 2025 versus 2066, Sydney is going to go from 5.4 million people to 8.5 million. Melbourne, they expect Melbourne to go to 5.2 to 8.9 million. Brisbane from 2.7 to 5.1, Perth from 2.3 million to 4.2 and Adelaide 1.5 to 2.8. It’s a lot of people, a lot of housing. Now look at this graph. Back in 2000, we actually had a surplus, we had a small surplus to a large structural shortage. And then what happened was back in 2006, 2007, we started having a shortage. And you can see this red line. When it crossed. Look at the way it worked. It went down. And the shortage gets bigger and bigger. George Markoski It’s actually gone for 20 years straight of less houses getting built. George Markoski So the years of underbuilding have compounded into a deficit of nearly 300,000 homes. And without sustained construction, the gap is actually going to be widening. And this underpins a long term pressure on rents and prices. So the government’s broken math. The rental crisis is the proof. Australia’s rental crisis keeps getting worse because they don’t have enough properties. So it’s a very tight supply and rent pressure is visible across the housing shortage. Now, Canada and Australia, two examples here, which is very interesting. What happened was Canada and Australia had the same problem. Too much immigration, not enough housing. The doctor prescribed the prescription and said, look, what you need to do is cut immigration. Canada has reduced its immigration right down to next to Nothing. George Markoski They’ve recorded 21 consecutive months of falling asking rents since cutting immigration. George Markoski Australia’s asking rents continue to climb and demand can change faster than housing supply. Isn’t that interesting? And now Burke’s immigration agenda. This is what he’s doing. He’s putting up visa application fees. They’re actually changing the policy. There’s been a lot of going on in the government because of Pauline Hanson and the one nation getting popularity. And now the government’s decided to actually do something about it. So they’re going to be tightening family visa rules, they’re going to put caps on backpacker visas, they’re going to expand working Holiday visa ballot and restrict asylum seeker work rights. We still want to get a lot of skilled migrants. Very important, especially sector, we need them, we need nurses, we need building sector, we need skilled migrants. So, you know, Australia needs migration. George Markoski That’s the fact. We just need to get the right migration. Right. George Markoski We need fewer people running around with machetes and more people running around with a hammer or, you know, something to do, build things for. What do you reckon? Yeah, so I think immigration is going to be slowly fixed and this is going to slowly help the housing shortage, but it’s not. The housing shortage took a long time to create, so we’re not going to fix it overnight. You know, something that took 20 years to create is not going to get fixed in a year or two. It’s a ten year project. So immigration is actually going lower. But even the projected migration being lower remains above Australia’s long term housing capacity. For several years that was the state of the nation. And now we’re going to go through a case study. George Markoski We’re going to talk about Craig and Tanya Collins. George Markoski This is the investment Property Craig and Tanya, we’re going to interview them in a second. But the investment Property they got is Caboolture. Three bedroom, two bathroom, one car. They paid $554,900. They used 20% equity. So what they did is they had lazy equity. They weren’t Property people. Right. That’s what I want to tell people. They weren’t Property experts, but they knew that Property was the answer and they had lazy equity sitting in their house. They were sitting there doing nothing and used it and put it to a Property. And that settled in October 2025 for 554. Today’s market value is 710. So by using equity they weren’t going to use anyway, zero money of their own. And now they’ve made $155,000 profit out of this. George Markoski Then they got an Investment in Whyalla. Four bedroom, two bathroom, one car. $428,000. 20% deposit. George Markoski The building completed April 26th. The current market value is $491,000. Current profit is $62,000 on this one. So current total profit $217,000 in under 12 months. In just nine months. Pretty awesome. Their next investment, Kelso purchase price $699,000 and ready to go with that as well. So I’m going to end this presentation and talk to Craig and Tanya. Hello, Craig and Tanya, how are you? Craig Collins Good, George, how are you? George Markoski Really well, thanks. I’m excited to talk about your journey because it’s an interesting one. Now what I want to do is Craig and Tanya. Where do you live? What do you do? Tanya Collins We live in Mornington in Victoria and I am a customer service manager for the. In the apprenticeship space. So I know all about trade shortages and there’s not enough apprentices around and yeah, I’ve been in that sector for 20 odd years. Craig Collins Yeah. And I work in the publishing industry so in books, children’s books. So working as a sales director there for Australia and New Zealand. George Markoski Lovely. Adam Albrecht Awesome. George Markoski I’m actually thinking about writing a children’s book now that I’m a father. I thought, yeah, I’ve been wanting to write one but I thought I can’t do it until I’m a father. So now I’ve decided I’m going to do it. Adam Albrecht Yeah, that’s awesome. George Markoski So there you go, one of my little side hustle projects. Fun sort of. Fun thing to do. Yes. So tell me, how did you realise Property was the way for you to go? Tanya Collins So my dad was a builder and he always had an interest in Property and he’d buy and sell and never make any money. And I think we always kind of knew that there was something in it. It’s just that dad couldn’t get it right. Craig’s mum and dad had a couple of investment properties. Craig worked in real estate for a couple of years. Early on in the piece when we got together and we’re like, there’s got to be something there. You know, there’s people, there’s all these investors, there’s got to be a way to do it. But we just had no idea where to start, how to structure it. Yep. George Markoski And who found positive Property on YouTube? Yeah, Craig. Okay, you found, how did you find this and what did you think? Craig Collins Yeah, it was through social media, it was just 3:00am scroll. Yeah, it’s one of the, you know when you’re just doom scrolling and you just looking for things and all of a sudden it just popped up and there it was and it just. Something clicked. I don’t know what it was but. Tanya Collins I went and yeah, he sent me a thing, he goes, just have a look at this guy, see what you think. Tanya Collins And then, because I am a shocker at getting into the details. So then I watched just about everything I could find on you, George and went back to Craig and I was like, yeah, I think there’s something there. Kind of the genuine. You seem to know what you’re talking about, had the knowledge, you know, got the runs on the board with what you do for yourself as well. And you actually just seemed like a down to earth genuine person as opposed to some of the ones that are out there that look like salespeople and that’s all they are. So. George Markoski Yeah, okay. Yeah, I think you and I have had a few drinks together at different events and. Yeah. Which is good. Okay, so you joined that programme. George Markoski And then what happened after that? Tanya Collins We just went, if we’re committing. So went all in. We started with one year and then we came to the Adelaide event in our first year and went, how do we get to 10 years? And we couldn’t, didn’t at the time have the money there, but then went straight to five years and we’re like, we’re in, we’re doing this. We signed up to Whyalla at the Adelaide conference and Caboolture not long and then Caboolture not long after that. I’ve lost what I was going to say. Yeah. And then what happened? I don’t know. We just, we started attending these meetings every Thursday night, attending the SHIRPs and just absorbed everything we could and trusted the process. So whatever George said we needed to do next is what we did next. Tanya Collins And we just followed that over and. Yeah. Now onto our third and. George Markoski Yeah, lovely. And how much do you make so far? How much is the equity? I’ve got that slide up yet? Tanya Collins Oh, it was like, I think you said $217,000 or something. Was it right? George Markoski In nine months? Tanya Collins Yeah, yeah. In quite a short period of time from settlement. And were down, were going to have Burp and Gary as well, but then we got priced out of that one. So I guess that’s been part of the journey as well, is learning to just ride the waves and go, well, that one wasn’t meant to be. So now we’re in on Kelso. Yeah. George Markoski What’s the hardest part of investing? Tanya Collins Being patient. So I’m not a patient person by any stretch of the imagination and we set a goal like, you know, I think when we met it was like 10 in 10 years. And I’m like, we’re not going to meet our goal, we’re not there. And then I look back and go, oh, hang on, we’ve only been with positive for just over two years and we’re on our third, so maybe we are actually on track to do what we said. And again, I just need to stop being impatient. I think the hard part Is, Yeah. Just waiting and again trusting the process. So just go with the people that are giving us the information, know what they’re talking about. So believe it and. And just roll with it. Really. George Markoski Investing. When you invest the right way, you need a lot of patience because it’s very boring. George Markoski Not much happens. You buy a Property and you wait and that’s all you do. There’s a lot of waiting. But the thing is, time is going to pass anyway and it’s a lot more fun when your equity is growing, when times passing as well. Tanya Collins Yeah, absolutely. And I think too it was like it’s about learning to kind of sit in the uncomfortable space so when things aren’t going quite as you had hoped. And for those of you that don’t know our why, Whyalla story. So were supposed to have like a nine month build or something or it was a six. Craig Collins Six months. Tanya Collins Six months or like some ridiculously quick build and then no word of a lie. our brickie died. George Markoski Wow. Tanya Collins And he was the only bricklayer in Whyalla and so it’s not actually funny. George Markoski Yeah, that’s bad for him and his family. Tanya Collins He’s had, you know, all of that. But there was nothing we could do. We had to wait for them to ship a brickie in from port somewhere else, Port Augusta or something and then we had to wait another six or nine months where we. Because it was a two part contract so were paying the interest and everything. But it was about just going, it’s okay, it’s growing, the equity is growing, it’ll be okay. And then when we got a tenant in, the rent was actually $40 a week more than we had planned on it being. So then you go, okay, it was okay. But again, learning to sit in that uncomfortable space is probably one of the biggest things we’ve had to learn. Because it’s not, it doesn’t just happen. Tanya Collins Everything you get told, like, you know, it’ll be 12 months, always add another six months on because the reality is something always happens and that’s okay. It’s part of the journey. George Markoski Yes. Well, tonight’s presentation is all about approvals and building and we’re experiencing it. You know, the fact of it is a lot of things that have been approved haven’t been started or they’re going to take longer. That’s just the fact of it. Here in Australia we’ve got a massive shortage of people to build properties and of everything actually. It’s crazy. Craig Collins And as you say, if it was easy, everyone would be doing it. So it’s. George Markoski Exactly, exactly. I think the hard things in life are the ones that are worthwhile. Tanya Collins Yeah, for sure. George Markoski Easy choices, hard life. Hard choices, easy life. Adam Albrecht Right. Tanya Collins That’s what we’re hoping for. George Markoski You’ve made the hard choices and look, now with a couple of investment properties, you’re gonna have three now under your belt. How is your financial future looking compared to what it was before? Craig Collins Loads better. Yeah. Yeah, a huge amount better. Like, we’ve got. We had a investment Property too, before we joined, Positive, so we’ve got one over in Perth as well. So it’s. And that’s growing. That’s. That’s been really strong as well. So. Yeah, just. Just things for, like, our kids and our future, just, you know, the peace of mind when you look at what’s happening and, you know you’re setting them up for success as well, is. Tanya Collins And we have a plan, like, prior to all of this, we were just literally going to work, coming home, hoping we could pay the bills and whatever. And now it’s like, we go to work, we come home, we pay the bills, but we’ve also got our little side hustle of properties that are making money for us while we sleep and we don’t have to do anything for it. And we know that at some point, like, whilst we still haven’t necessarily worked out exactly how and when we will be able to replace our income with. Tanya Collins With all this stuff, we understand that we’re in the acquisition phase, so, you know, we’ve got to go through that process and again, we’ll trust the process and when the time comes, we’ll talk to you about how we then, you know, structure our way out of having to work full time. So, yeah, we actually feel like we’ve got a plan now and that we’re not going to be working till we’re 90. George Markoski Yeah, fantastic. That’s good. That’s awesome. That’s great. Yeah. So, one last question. What about people that are watching this that aren’t part of the programme? What would you say to them? Because people are probably now scrolling around or in the future watching this and they’re going to be wondering, they’re going to be thinking, what should we do? Tanya Collins Yeah, so don’t wait. Because every month, every day that you wait, that’s equity you’re not earning. And I think that’s the biggest thing. Like, people, I’ll just wait six months and see what the market does. And by then you’ve already lost, you know, $50,000, whatever it is. So just if you’re at all think it’s a good idea, then jump in and have a go. You won’t regret it. It’s not only like the financial side of it and all of that, but also the community that with positive that I think is probably different to a lot of other places. Tanya Collins So we’ve met some pretty cool people on here who we talk to, we catch up outside of these shirts and outside of the events, you know, I regularly reach out to different people asking them questions on where they’ve bought properties and that sort of thing, which is just awesome because it just means you’ve got people that are thinking the same because often you can’t talk to your friends and family about this stuff because they think you’re just part of a cult and it’s a bit of a scam, but the reality is it’s not. And so you can talk to other people in the cult and they’ll keep you on track. George Markoski Yeah, look, I love the community. That’s my favourite bit. And to be honest, that was the real reason I started Positive Property. Because I’d retired and I got bit bored and didn’t have anyone to hang out with. So now I’ve got my people. Right. It’s exciting because even after I retired and made a lot of money out of Property, there’s people around me that still doubted Property and still haven’t joined the bandwagon. It’s crazy. And you know, our little community of people, I think people that don’t understand Property and they’ve drilled into their mind, you know, work hard, put money in your super and don’t take any risks. They don’t understand what we’re doing. But I don’t think people are going to be able to retire with what they’ve got. George Markoski It’s going to be tough. George Markoski It’s going to get harder and harder, that’s the fact. Tanya Collins Yeah, absolutely. George Markoski And you can’t fund your retirement and self retire. You’re going to be in trouble when you get older and I don’t think, you know, we should try to avoid that. And my goal is to help 10,000 Australians become Property millionaires so then they can self fund. Tanya Collins Yeah. Which is awesome to think that we’re kind of in control of our destiny as opposed to knowing that the government’s going to give us a certain pension and that’s what we’ve got to live within. At least this way we can choose to appoint so. George Markoski Exactly. But not only that, I think you’re Going to inspire other people in the group to do more. And you’re going to inspire people watching this, which is a beautiful thing, and you’re going to be inspiration for your children. Tanya Collins Yeah, yeah. They. They listen every week in the background. So they’ll pretend they’re not listening, but we know they are because every now and again, like, my son will say little things that he’s heard you say. And. Yeah. So it’s good, you know, that they’re listening, and eventually, hopefully, that rubs off and. And they want a part of it as well. George Markoski I love it. I love it. Thank you for being great members of our community, and I think I’ll see you guys in Queensland in October. Tanya Collins Sure. Well, thank you. Thanks, everyone. George Markoski Okay, Adam, time to do a Q and A and have a bit of a chat. Adam Albrecht Just a quick one for. Just a quick one. I just had a quick look. You put them down at $710,000 what their Property is worth today. Adam Albrecht In Caboolture, the last release in Caboolture, in goshawk, it’s $789,000. Tanya Collins I thought it was. Adam Albrecht What’s that? George Markoski Yeah, Yeah. Adam Albrecht I think 710 was a bit light. So the next release is $789,000. So there’s another 79,000 you just made, and I think your Whyalla was short, too, because. George Markoski Okay. I got to get the team onto this. Tanya Collins Yeah. We’ll take your numbers. Adam. George Markoski Redo the numbers. Let’s do this again. We’re going to do this again. Let’s redo the numbers. Adam Albrecht What did you pay for your Whyalla land? Tanya Collins 50. Adam Albrecht $50,000. Adam Albrecht So now they’re about $70,000. You got another $20,000 there. Building costs have gone up 20, 30. $40,000. Probably. $40,000. So you probably add another 60 grand to your Whyalla and add another 80 grand to your Caboolture. Tanya Collins If you say so. No worries. Adam Albrecht That’s the only way you can’t replace it. George Markoski Let me get the presentation. Let me have a look. Let’s do the numbers. Because I love doing. I love it when I get it wrong in the right way, which is good. Adam Albrecht I just thought I better correct the numbers. It’s not. George Markoski Okay. Oh, yeah. Current profit, $357,000. There you go. Tanya Collins I’ll take that. George Markoski Okay, let’s. Let’s talk about this again now, because we get $357,000 in nine months. Now, that’s. That’s a lot of equity. George Markoski Right. How long would you have to save with your current income to get to $357,000? Tanya Collins We’ll be dead. Yeah, like, it’s just. That’s not even with our current income and our current expenses with the kids and stuff, like, it’s just not even a thing. You just can’t do it. George Markoski Yeah, yeah, that’s. That’s the power. So what I’d love to do is you repeat to me how much you made in nine months because that’s going to be a great sound bite. Tanya Collins We have made in nine months. $357,000. George Markoski Well done. Well done. That’s excellent. Tanya Collins I’ll take that. George Markoski Thanks, Adam, for getting the numbers right. That’s beautiful. Craig Collins Thanks, Adam. George Markoski $357,000. Beautiful. Thank you. Okay, cool. So, Adam, what I want to talk about with you is the media has been saying Property prices have dropped in every capital city. And technically it’s true. And a lot of people are scared. Adam Albrecht 0.02%. George Markoski What percent? Adam Albrecht 0.02. George Markoski 0.02%. Exactly. Which you wouldn’t even be able to measure. But the thing is, there are some people that are in trouble and the people that are in trouble is some of those people that actually use the home grant, the 5%. What’s interesting is 15,000 of those got converted into investment properties. It’s very cheeky, eh? Interesting. Adam Albrecht Government money. George Markoski Yep, that’s right. And those properties that people are buying for $2 million, $3 million, $4 million and highly negative gearing that market is the market that’s going to shift because, you know, people earning a lot of income were doing really well out of losing a lot of money and getting massive tax deductions. And the fact of it is, now that’s not going to work anymore. And that’s one of the things that’s going to happen. Adam Albrecht I’ve said it on almost every time, it’s a pyramid, the people at the top are going to fall the first and the people at the bottom, it’s affordability. There’s only a certain amount of people can afford to buy at the $4 million, $5 million, $10 million dollar properties. They’re the ones who can afford to drop, you know. George Markoski Exactly. Adam Albrecht There’s not a difference to them. George Markoski But the bottom, you know, that bottom band when you’ve got a housing supply issue, is going to keep pushing up. It can’t go down. It’s going to be very difficult for that to go down. Now the other fact we have to talk about is let’s go back to the GFC, which was the biggest drop in Property ever. And were helping clients buy Property then. What sort of price range were we doing then? Do you remember? Because you’re good at numbers. Adam Albrecht Calamvale. So we’re looking at a suburb in Calamvale which I thought it would never get over 400,000. But of course we had clients who were buying an 0809 and they were looking at the sort of $350,000 to $360,000 for a three bedroom, two bathroom, two car garage. Adam Albrecht So they jumped in when everyone’s saying jump out. George Markoski Yes, yes. And then we did Calamvale again afterwards. Pre covered. Adam Albrecht Capalaba. George Markoski Capalaba. Capalaba. $420,000. That was like $390,000. $420,000. Adam Albrecht Yeah. That was Capalaba. Yeah. George Markoski And now what’s that worth? That’s probably $900,000. Adam Albrecht 850. George Markoski 900 And Calamvale. Calamvale. Adam Albrecht Calamvales. 900. George Markoski That was the one near the hospital. What are they worth there? Adam Albrecht $900,000 as well. George Markoski Yeah, yeah, exactly. Adam Albrecht The people, they’re the clients who just listen to your advice and said and just kept buying. George Markoski Yeah, exactly. The thing is, the hard thing is people are trying to time the market and trying to time the market is very difficult. And what happens when people try to time the market is they end up missing out completely. Because if you’re unsure and you’re like okay, I’m going to wait for Property price to drop. And people did that during, you know the GFC that did it during the APRA regulations, they did it during Covid And what did they do? They actually missed out and couldn’t even get back to the market. You know, I had, we had clients pull out of Capalaba at $395,000 because of Covid I remember that happened and those properties now worth a million dollars probably. Adam Albrecht Yeah, 800,850, 900. George Markoski Yeah, 850,900. And those people can’t get back into the market. They had a borrowing capacity$390,000 they couldn’t, they can’t get back now they’re finished. They’ve missed out the whole Property game, which is sad. But media and fear stop them from doing that. Right? And what happened was this is the thing, right? We’re not taught to invest, we’re taught to avoid risk, avoid loans, avoid debt and everything else. That’s what we’re taught to from a young age. The school teaches us, the corporates teach us, get a job, work for 50 years, get yourself a gold watch, retire on your super or your pension. George Markoski And the fact of it is in order to break out of that cycle, you need to become an investor and you need to take risk and you know Is Property investing risky? Yes. George Markoski Because if it wasn’t risky, if it was guaranteed and had no risk, then there’d be no reward. Right. The fact of it is Property investing is risky. It is. I’m going to be the first to say this because I don’t want people having a delusion that it’s not. But the fact of it is if you part of the right group, if you invest right, you do all the numbers, you’re significantly reducing the risk and significantly improving your chance of success. And that’s what it’s all about. It’s about getting the right numbers to get everything right so you can do it properly. But the biggest risk is not investing. George Markoski That’s the riskiest thing ever, you know, never investing and having to work for the rest of your life and then being the age pension, that’s the biggest risk. George Markoski And you know what, forget that, I don’t. You know, you live one life, you should really live it to the max and do the maximum you can. And I think everyone deserves to create financial freedom and self retire and not be stuck in the pension. And that’s what this is all about. It’s all about self retiring and doing that. And that’s why, you know, all these people that were bagging investors going, oh, it’s not fair, are just stupid because investors are saving Australia a lot of money because they’re not going to be on the pension, they’re going to be making too much money. You know, I remember. Adam Albrecht And they’re creating houses. George Markoski Yes, exactly. So I remember Christina’s auntie helped her invest and she ended up paying off a mortgage, everything and her investment’s gone up and she went to see a financial advisor and he said, look, you make too much money, you’re not going to be able to retire on the age pension. And she rang me going, George, you cost me the pension. I go, yes, that’s a good thing, isn’t it? George Markoski Right. Because not being able to get. It’s a good thing if you make too much money, it’s a great thing. That’s what we should be going for. Right? And what’s going to happen, there’s going to be a lot of fear and doubt in the media. This is just the beginning. The CNN news, you know what I mean? They love leading with things that are going to scare the shit out of you. So everyone be prepared. There’s going to be a lot of doom and gloom, there’s going to be a lot of negative press about Property and about all sorts of stuff and what’s going to happen. It can affect you and don’t let it affect you. George Markoski Come every Thursday night, watch my live listen to podcast and get some positivity in your life because that’s what you want, because that’s what you need to get through this period. But timing the market doesn’t work. The thing that works is time in the market. If you’re in the market for a long time, you’re going to make a lot of money. Property investing is about a long term gain. And you know, we talk about these great people. We talked about Tanya and colin who made 300 and was it $357,000 in nine months? That’s exciting. But the real headline is this. They’ve invested in Property and those properties are going to double in next 10 or 15 years. And that’s the real headline. And that’s where the real money comes from. George Markoski Because they were talking about, okay, but how are we going to retire from this? Well, the way you retire from this is once your Property doubles and then doubles again. You’ve got so much equity, they’ve got so much money coming in that it’s really easy, really simple. And then if you don’t want to wait for the double twice, you wait for the double. And then what you do is reposition a few properties and maximise your return through reducing your loans through maybe refinancing or even selling one. Adam Albrecht And also your rents go up over 10 years and your mortgage goes down. George Markoski Exactly, exactly. Adam Albrecht The value goes up, the rent goes up. George Markoski That’s right. And basically your rents go up in proportion to your equity. Right. So if your Property doubles, your rent’s going to double, roughly. Your Property triples, your rent’s going to triple. That’s just the law of economics. That’s the way it works. And that’s the thing. But you know what, don’t just take my word for it. Me and Adam, what are we doing at the moment? We’re buying, correct? Yeah, that’s what we’re doing. We’re in buying. But me and Adam are always in buy mode. We’re always buying. You can talk to us any year and go, what are you currently doing? And what are we going to answer? Buying Property. And that’s for the last 25 years straight. George Markoski So that’s not only are we talking about it, we’re doing it and our members are doing it as well. George Markoski So I’m going to open up to questions. Let’s type in your questions in the chat. We’ll do some questions and then we. Adam Albrecht Go into private group or doing public. George Markoski I’m going to go in the private group for the questions. Please shut down the public group. Everyone watching the public group. Thank you so much for watching. Remember, don’t let fear stop you from creating financial freedom. I beg you, stay positive. Come every Thursday night, Come to the live, ask questions, educate yourself and inoculate yourself against the negative fear machine of the social media and TV and media in general. Anyway, thanks everyone. Great joining you all and I will see you next Thursday. Bye bye.