Australia’s Next Housing Crisis Has Already Started

George Markoski During COVID, when COVID came out, everyone was saying property was going to crash. And before the 60 Minutes said that property was going to crash by 40%, I said, “No, housing demand is locked in for the next 40 years.” It’s not the cost of getting in, it’s the cost of not getting in. The opportunity cost. So if I didn’t do it, it would’ve cost me 50 times. Four- And I’d be working till I was 75, man. So there’s going to be two types of people that are going to happen from this. There’s going to be one type of person that’s going to believe all the BS, and that are uneducated. George Markoski They’ve either got the wrong property, or they’re buying the wrong property, or they’re getting out of property, and they’re going to miss out. The educated people that get the right property, the ones that are constrained by supply and have got more demand, are going to do very well. Hello, this is George Markoski coming to you live with the Positive Property Show. Welcome. Tonight we’re going to be talking about the next housing crisis, and it’s already started. So let’s go through this. Have a listen to this. There are fresh warnings tonight about the impact of the federal government’s property tax overhaul, with predictions of higher rents and lower supply. George Markoski The construction industry releasing figures at odds with Treasury’s own modeling on the contentious bill. The bodies that build tonight intent on tearing down the Treasury’s tax changes. It does not resolve this housing crisis. It’s going to make it worse. A coalition of construction lobbyists has measured the impact of Labor’s moves to limit negative gearing and remove capital gains discounts, finding renters will pay up to $477 a year more. Any landlord who is coming out as a result of this to raise rents is a plain gouger. There is Treasury modeling which shows a very small increase in rents. George Markoski But the industry analysis indicates rents will hike $9 a week by 2030, more than four times Treasury’s forecast of $2. Builders also predict 9,000 fewer new homes would go up, while the government claims there’ll be 12,000 more. It’s about making sure that younger people have a chance to break into the housing market. At the expense of renters, and it’s going to reduce the supply when we can least afford it. It is just a tax grab because this government has run out of money. A debate that will consume Canberra as a nation of amateur investors and aspiring owners watch and wait. Liz Daniels, Nine News. George Markoski This is Nine News talking about the housing crisis and talking about how rents are going to go up because of the government. So the Iran conflict has pushed petrol above $2.50 a litre. It’s triggered a global oil shock. Petrol climbs above $2.50 a litre, and basically what this means is more inflation. So if you wanted a break from inflation, I’ve got some bad news. The household cost of living pressure is going up again. The 6% wage rise is feeding the inflation rat wheel. 2.8 million workers are going to get a 4.75% pay rise, and the minimum wage rise is going to go up 6% in Australia from July. George Markoski The minimum wage is increasing to $26.40 for an hour. So wage increases are ultimately reflected in higher prices. What is this going to do? It’s going to feed the inflation rat wheel even more. So we’ve had 10 out of 15 quarters of negative per capita GDP growth since 2022. What does that mean? Australians are working harder, but going backwards. So we’ve just hit the 28 million population milestone. Funny enough, if you look at the projections, the ABS projected we wouldn’t hit this until 2051. But because our government has been so keen at a lot of immigration, we’ve hit it a lot quicker. George Markoski But you think about that, 2051, when we were supposed to hit it, and now it’s 2026. That is a lot quicker. Migration’s actually running at 2.35 times what Australia projected. In 2003, the ABS, which is Australian, now I forgot what it was, but it’s great. The Australian Bureau of Statistics. Thank you, Dave. Basically, the ABS does data for Australia, and they forecast there’s going to be 100,000 migrants a year. But the actual migration averaged 235,000 a year since 2004. So population is 1.6 million above the forecast 25 years earlier. The 2026 budget upgrades migration by another 55,000. So instead of slowing down, they’re building it up. George Markoski So per capita GDP has gone down, and we’ve had 10 of 15 quarters negative since Q2 2022. Living standards are tracking at 0.5% below 2022, and what happens is immigration dilutes GDP growth per person, and that’s what’s been happening. So dwelling approvals, 200,423 homes have been approved year to April 2026. So our 240,000 home target for this year is already 16.5% behind schedule. After 22 months, Australia’s 82,700 homes behind pace. So at the moment, we’re below target about 16%, but not only that, approvals have actually fell by 3.4% in April alone. So instead of doing catch-up, we’re falling further behind, and this is what’s happening with the housing crisis. George Markoski This is a pretty interesting time we’re living in because this has never happened before, where we’ve got two things happening at the identical time. Let me explain. On one hand, we have got inflation, and we’ve got rates that have gone upWe’ve got changes to tax, which is going to affect the price of property. So there’s going to be a decline in certain properties. That’s a fact. And on the other hand, we’ve got a massive constraint of supply, and when there’s a constraint of supply, that’s pushing properties up. So what’s the key here? George Markoski Well, one of the keys is not just saying, “Okay, property’s going to fall, I’m going to get out,” or waiting for them to drop so you can get a good price. That’s not the way to do this. I’ve been through this many times, and I’m going to go through some stats and show you exactly, like I promised last week. I’m going to show you what I’ve predicted in the past and what I’m predicting for the future, because this is important. So there’s going to be two types of people that are going to happen from this. There’s going to be one type of person that’s going to believe all the BS and that are uneducated. George Markoski They’ve either got the wrong property, or they’re buying the wrong property, or they’re getting out of property, and they’re going to miss out. The educated people that get the right property, the ones that are constrained by supply and have got more demand, are going to do very well because look at this number, 315,000 homes short of the 1.2 million target. Out of 1.2 million, 315 is a massive number. So basically, we’re short the city of Canberra. We need to build another city of Canberra just to catch up. It’s not going to happen. And there’s a $13.7 billion hole in Treasury’s housing forecast. George Markoski See, they assume 315 billion in housing investment, but the RBA has forecast just 301 billion, which is 13.7 billion less. So the gap implies there’s over 10,000 fewer homes built because that’s what we need, that 13 billion to build those homes. And rents at 5.9%, the biggest gain since late 2024. National advertised rents rose at 5.9% in the year to May. It’s the biggest annual increase since September ’24, and rent growth’s accelerated across all capital cities, and most capital cities saw rental growth pick up pace. Not only this, a lot of people are actually factoring in these new taxes could push rents up as well. George Markoski So renters are paying $204 a week more than five years ago, and renters now spend a third of their pre-tax income on rent. Vacancy rates still remain very tight at 1.5%, and more renters are forming group households to cut costs. What does this mean for investors? Well, the five-year supply gap of 315,000 homes that are never built. So the Middle East conflict could add 50,000 to 70,000 to build costs. Building insolvencies are rising as margins come under pressure. Less supply, more demand means higher rent. George Markoski But not only that, with the extra 50,000 to 70,000 build costs for builders, what that means is a lot of builders are going to tap out because they won’t be able to finish their projects. There’s not that much profit in building a house, especially when you’re doing it at scale, and if your costs go up by this much, you’re out of the game. You’re going to have to tap out. So this is a very dangerous period because you’ve got to choose the right builder because you don’t want a builder that’s going to go broke. And as we said before, budget upgraded migration by 55,000. George Markoski Now, this is ludicrous because the budget increased migration by another 55,000, which means more renters are chasing fewer homes. And government policy, even though they’re saying they’re trying to help the average Australian own a property, what they’re actually doing is the opposite. They keep adding more demand and less supply, and the rental costs are getting worse. What they’ve done with tax now is going to reduce the supply of properties even more. So they’ve reduced the supply, then they’ve added another 55,000 people to more demand. Instead of doing the fiscal thing of actually just reducing the amount of migration. Very simple way, reduce demand, and that’s going to help the property market. George Markoski Increasing demand is not going to help property prices go down. So Melbourne and Sydney, they’re on track to become mega cities, and I would say Brisbane is next in line, as I’ve been saying. So you look at this, at the moment, Melbourne’s 5.4 million, forecast to go to 9.1 million. Sydney’s 5.6 million, forecast to go to 8.5 million. So interesting that Melbourne could actually be more populous than Sydney by 2065. And then Brisbane is forecast to go from 2.8 million to 4.6 million. So Brisbane’s going to be a mega city. So Australia’s population is expected to reach 41.4 million, up by 13.4 million people. What does this mean? George Markoski Literally, housing demand is locked in for the next 40 years. Now, there’s probably no other country on Earth that has got a 40-year locked in demand for property. Rent pressure is not going to go away. Upward pressure on rents is likely to persist due to very low vacancy rates, and that’s going to happen. So 41.4 million people. And what’s happening is the supply crisis continues to favor investors. So the investors are on the right side of the supply crisis because rents are up 5.9%, while vacancy rates near record lows. High migration is locking in long-term demand, and new build investors benefit from both stronger tax settings and rental growth. George Markoski So as an investor, you’re going to do a lot better right now than anyone else, if you know what you’re doing. This is what I want to get to. I want to talk to you about my track record, the top 100. There’s 15,000 suburbs in Australia, and at any given point, out of those suburbs, some are going up, some are going down. They’re not all going up and down at the same time. And when times are good, a bigger percentage of the 15,000 are going up and a smaller percentage are going down. And when times are bad, the other way around. George Markoski But at all times, there’s suburbs that are going down, there’s suburbs that are going up.Because there’s 15,000 different markets in Australia. Now, over the last 20 years, we’ve helped over 3,500 Australians invest in property. We’ve done over $3.5 billion worth of deals. Actually, we’ve done more than that. I would suggest it’s about 4.5 billion. And every member, every deal, has made a profit. So 100% profit success rate in Sydney, Adelaide, Brisbane, Perth, and other suburbs. So what do you think of that for a track record of 20 years? And out of those 20 years, not one builder has gone broke. So, let me show you the numbers. George Markoski There’s been four crashes over the last 20 years. They screamed about these, and these are the five predictions that I called, and one asset that never broke. So if you look at this graph here, there was the GFC, and you look at the graph, there’s a little dip. Then there was the APRA Royal Commission, which went down. Then there’s the COVID, and now we’re waiting for the next one. So there’s the post-GFC, the Sydney Boom, the APRA bottom, the COVID boom, and I called all of them. Now have a look at this. My first prediction, GFC. Everyone panicked during the GFC, and a lot of people lost money. George Markoski And basically, what we did, we bought in the GFC, and what did we do? Made over $90,000. So the cost of waiting would’ve cost you $90,000 if you waited for the property market to get back. And GFC was the worst thing that’s ever happened to property over the last 50 years. And even through that, in the top 100, we still made money. So while people were losing hundreds of thousands and millions of dollars in property, our members were averaging 90,000 per property during the GFC. Next, the Sydney Boom. We called it post-GFC, before it happened, while the buying was good. George Markoski And we could see Sydney was good buying at the time, but everyone’s saying it’s not going to recover. And our members made, on average, $490,000 per property in the Sydney Boom. And that’s the cost of waiting there. Next prediction, the COVID Boom. During COVID, when COVID came out, everyone was saying property was going to crash. And before the 60 Minutes said that property was going to crash by 40%, I said no. COVID’s going to restrict supply. And when you restrict supply, properties go up. Everyone said I was wrong. Everyone said, “No, money’s going down. No one can do anything. Property price is going to drop.” What happened? George Markoski Properties went up, and the median property price went up $250,000. Most of our clients made between 250 and 400,000 per property during the COVID Boom that everyone said was going to be a bust. And I called it pre-COVID. Now, prediction four, Brisbane. I was saying for a long time Brisbane’s going to catch up to Melbourne and Sydney. Everyone said Brisbane wasn’t going to happen. We went in, and we made over $450,000 per property. That’s like 85% in five years. So Adelaide, the sleeper market. Once again, we went in. Everyone said Adelaide was dead. We made $45,000 per property. We called it again. And then Perth. Everyone said Perth was finished. George Markoski We went in, and we made 410,000 per property. So the last 20 years, we’ve nailed it. We’ve predicted every boom, and we’ve hit it time and time again. You’ve got me on video saying it. You’ve got me talking about this. But what I want to do is I want to show you the top 100 suburbs in Australia, and the average suburbs, because this is what you got to look at. That blue graph is the average properties, how they are up and down, the 15,000 suburbs on average, and the median price now is 895,000. And you look at the top 100, they do a lot better, and that’s 1.453 million average price. George Markoski So the top 100 suburbs versus national median, it just kicks its a**e, right? So on average, the top 100 made $558,000 more than the average property over that period. So what’s my next prediction? Let me show you. Write this down in your calendars. Okay, this is what’s going to happen. Between 2026 and 2031, next five years, the right properties are going to go up $400,000. That’s right. When everyone else is saying they’re all going to go down, we’re all going to lose money, I’m telling you, the right properties are going to go up $400,000. And it’s a very simple thing with maths, right? The rate cycle’s going to be easing, and we’re deficient supply. George Markoski So the fact of it is, when you don’t have enough properties, they’re going to go up. So what I’d like to do now is I’ve shown the proof. I’ve done this for 20 years straight. 20 years proven, 3,500 Aussies, five billion in deals done, and 100% profitable. Now, that’s something I’m very proud of. I’m very proud of this, and we’re going to continue doing this. So let’s talk about some real case studies here. I want to talk about Mina and Dora Boctor. And I’m going to do it through a case study, and hopefully after that we can actually say hello and meet them. George Markoski But Mina and Dora Boctor, they joined our program, and they bought this property here in Caboolture for $552,000. So this is in Brisbane, and you saw that graph. And this is a three bedroom, two bathroom, one car. Cute little property. They used equity to pay a 10% deposit. Settled in July 2025 for 552,000. The market value now is $780,000. So this is less than 12 months, the property has gone up $228,000. Just shows you exactly what we’re talking about. So in 10 months. Okay, I’m going to stop my presentation, and I’m going to say hello. Hopefully I can see you both. George Markoski Okay, Theodora and Mina. Hello, how are you? Mina Boctor Hi, how are you? Theodora Boctor Hello. George Markoski Good to see you. And I love going through these case studies because what happens is a lot of people see those graphs, we may be predicting things, but sometimes it doesn’t seem real. But when you meet someone in real life, like yourself, it gives people a little bit more reality, right? Mina Boctor Yeah, definitely. George Markoski So what I want to do is just talk about, okay, how did your journey start with property? How did you decide that property was the way to go? Theodora Boctor I’ll let Mina start. George Markoski Okay, Mina. Mina Boctor Yeah. Well, for me, actually, I dipped my toe in it a long time ago. I tried to do it myself, and I actually started off by buying a couple of properties in Broken Hill, and I dabbled, and I didn’t do so well because it did. I tried to do it myself and I didn’t really have too much success. And then Dora and I, we tried for a property in Mount Druitt, which was an apartment, which we had a little bit of better luck with it. But again, because we were on our own, we were doing the research ourselves. Mina Boctor So we didn’t have the backing of somebody like Positive Property to help us out with where to buy and what to do and all of that. So we got lucky in that the appreciation was good, but the apartment was a little bit older. And then, yeah, so moving on, we sort of came across Positive Property, and that’s where we had massive success in that we were able to then use equity from one of the first properties that we had, and then use that equity to purchase our first property in Caboolture, and that’s where we first settled on that one in July last year. So far so good. Mina Boctor So yeah, we sold the property that we had to begin with because it was a little bit older. And that was the advice that you guys coached us with. And we’re moving on now at the moment. We’re just meeting with Carmine, and we’re about to get financing for our second and our third one. George Markoski Nice. Excellent. And look, you’ve had your property that you bought 10 months ago, and it’s made how much? I’ve got to look at the screen again. Mina Boctor I believe it’s close to $150,000 now. Yeah, so we bought it at $552,000. George Markoski Yep. I think it’s worth seven something. Mina Boctor And it’s estimated close to seven something now, yeah. George Markoski Can someone type in the chat how much money they made out of that? Because I haven’t got the numbers on me. I’d like to know the exact number. It’d be good to know. Theodora Boctor Yeah. So Mina actually skipped over property number two, which we actually bought in Loganlea 10 years ago. George Markoski Oh, okay. There you go. Thank you. Let’s go through that. Theodora Boctor Yeah. So Positive Property actually helped us with some advice on whether or not to hold onto it or is it a good time to sell. We actually ended up selling it just in April, we settled. And so we’re actually looking to use the profits from that to go on and buy another property with Positive Property. So just to give you an idea, we bought that for $310,000 back in 2016. And we sold for $825,000. George Markoski Nice. You did well. Very happy with that. You did very well. Theodora Boctor Yeah, so got a lot of good advice from Positive Property about that. We did buy it beforehand, but again, we didn’t buy that on our own. We actually had some advice at the time as well. The property itself wasn’t perfect. It was built in 1985, so we couldn’t capitalise on depreciation. And there were a few other issues with the property, but it worked out really well. George Markoski Excellent. And yes, I’ve got the number here now. $228,000 you did in 10 months, which is a good start. Yeah. And that’s beautiful, because you’ve got a bit of equity there and everything else like that. What was the hardest thing about investing in property? Mina Boctor Moving forward. Yeah. Yeah, so just overcoming that fear of moving forward, being able to sort of push yourself out of that comfort zone and taking that step, I guess. For me, it was overcoming a fear of failure in the past and being able to go, okay, you’ve maybe hit a couple of challenges or failures in the past. You’re going to be doing it again, this time with even more money. But I guess the way I’ve overcome that is you’ve come from nothing before. Worst case scenario, you’ll end up with nothing again. So yeah, I guess, no risk, no reward. Theodora Boctor I guess we’ve never actually seen the property as well, so I think getting over that mental hurdle of you’re investing in a property that you’ve never seen is always a challenge. But we had confidence in the team that we had and the information that was being provided to us, so that really helped. George Markoski Yeah, it’s funny because when I met Christina, we’re in Queensland, and we’re going for a drive up to Noosa, and as we were driving, I was going through a few suburbs, and I go, “Oh, yeah, I’ve got a property there. I wouldn’t mind popping in and seeing it because I’ve never seen it before.” And she goes, “What? You’ve never seen it?” I go, “No, I haven’t.” Right? And I go, “Actually, I can’t be bothered getting out the highway. I won’t see it.” Right? So I still haven’t seen that property. Theodora Boctor And look, as long as the numbers are there, I don’t really need to see it. George Markoski Yeah, exactly. I’m driving past saying, “That property made me $300,000 last year,” so it’s good. It doesn’t matter. That’s the numbers you want to look at, right? So, and this property here, the one you made. How much are you making in? What was it? Theodora Boctor On Caboolture? George Markoski Yep, $228,000. Have you seen that property yet? Theodora Boctor No. George Markoski No, you haven’t. There you go. Mina Boctor Just on paper and photos. We like to treat it like a game of Monopoly, and we want to detach that emotion because as soon as we sort of go and see it, there’s that emotion of sometimes of would you live there yourself? And sometimes there’s, yeah, that emotion around that. George Markoski Yep. What’s the most surprising thing that’s happened along your journey investing in property? Mina Boctor I think the amount of success that we’ve had in such a short time with Positive Property. When we joined Positive Property, we had a really great turnaround with success in that we started getting the right advice, and we started investing in the right areas, and we started seeing things turn around in that we started hitting the right tick boxes along the way. And that sort of started changing the mindset for us, in that if we have the right team, we can sort of sit back and go, “Okay, it’s not so bad. We don’t have to sort of stress about it’s all on us.” We can sort of relax and take a breather a little bit and just sit back and sign on the dotted line and not have to worry so much. Mina Boctor So it was a bit of a relief in that, and now all we have to worry about is that we just have to get our deposits together. We go to work every day, come home, and that’s it really. So, that was the beauty of it, really. George Markoski Excellent. Okay. That’s pretty cool. And I think having a circle of safety around you that can do all the hard stuff is important, because I’m not very much of a details person, so when I started my journey, I had to get a circle of safety around me. Otherwise, I wouldn’t get everything together. And having that team is always much better because you trying to be an expert in everything’s not going to happen. You know what I mean? It’s impossible. George Markoski That’s why a lot of people say, “Well, what about this?” And I go, “Well, talk to the lawyer about that.” “What about that?” “Building inspector for that.” Because you’ve got to get the right people to do the right jobs, and not everyone can be an expert in everything. And I think once you trust a group of people that can work together for you, you can do amazing things. And looks like you’ve started building your portfolio, which is very exciting. Mina Boctor Yeah, very much so. George Markoski What would you say to people watching the show now? This is going to be on YouTube. You’re famous. People that are watching the show, thinking about Positive Property, what would you say to them? Mina Boctor I would say trust the team. Take that leap of faith and take that step outside your comfort zone. You might sort of be taken aback and see something new and see a fee or see a process that you’ve not seen before, and you might go, “Ah, that’s not something I’ve seen before.” But trust it and trust the process and know that, hey, we’ve succeeded, other people have succeeded, and it works. Just it’s something that is working, and it’s been working for other people. Yeah, take that leap of faith. Theodora Boctor I think that Circle of Safety is so invaluable because, beforehand, me and Mina had goals, we’re a brother and sister team, in trying to explain that goal to an accountant or a mortgage broker, they don’t always understand what you’re trying to do long term, and it’s really hard to get them on board sometimes. So that Circle of Safety was really invaluable. Theodora Boctor But also, when you sit down with your coach and you speak to them, you realise they have experience of their own. They have a portfolio of their own, so they know what they’re talking about. It’s not like sitting down with a mortgage broker who doesn’t have any property of their own. Like, that feels kind of silly. So everyone you’re speaking to has genuine experience of their own. They’ve got their own skin in the game as well. And that counts for a lot when it comes to building your confidence as an investor as well. George Markoski Yeah, that’s a good point, and thank you for bringing that up because a lot of our staff started off as clients, funny enough. Which is pretty cool. And I find they’re the best staff because they’ve already been through it, and they’ve experienced it, and they believe in it, and they love it, which is great. Theodora Boctor I’ve gotten some really good advice about, like, with that last property that I had, my coach, Charmaine, we were talking about options, and she said, “Well, why don’t you check with the council to see if you can subdivide?” We were getting some really creative solutions to play with. So that’s what I really liked as well, having some solutions to work with as opposed to someone saying, “Well, no, that’s not possible.” So that was something I thought was really valuable as well. George Markoski Excellent. Well, I wanted to say thank you both for joining me tonight, and I look forward to seeing your journey of building your property portfolio and look forward to handing out your belts at the belt ceremony in October, if you’re coming in September. Is it October? October. This October, we’re doing an event in Brisbane. Mina Boctor Awesome. Thank you so much for having us. Theodora Boctor Thanks for having us. George Markoski No worries. Thank you. Awesome. Thank you. Bye-bye. George Markoski Okay, now we’ve got one more case study tonight. Okay, here we go. This is Claudio Crupi. This is his first property, Angle Vale. Paid $539,990. One car, two bathroom, three bedrooms. 20% cash deposit. So he paid $107,000. Settled in December 2024 for $539,000, and now the market value is $770,000. Current profit $230,000. George Markoski Hey, Claudio. Claudio Crupi Hey, George. How are you, buddy? George Markoski Very good. Because I want to talk about this with you anyway. Claudio Crupi Yeah, sure. George Markoski So basically, you bought Angle Vale, you paid $107,000 deposit, cash deposit. You settled in December 2024 for $539,000. Now the market value is $770,000. So the profit equity is $230,000. Great profit and equity, but I want to talk about what you did next. Claudio Crupi Oh, that was a good story. So within four months, I was presented another property from Positive Property, and I got some advice to use a deposit bond. Now, that’s not available to everyone, but fortunately, I was able to do it. So it was a property in Beaudesert. And that was what we call a one-part contract, where all we had to do is put a deposit down, and then when it was built, we settled. Claudio Crupi So while Angle Vale was being built, I had the deposit on Beaudesert. So they were both running at the same time and both lifting in value as I was going. So Angle Vale was amazing because it took from the day we put the deposit down, within 12 months, exactly 12 months, start of 2025, it was built. We got it tenanted in January in 2025, and it’s 16 months and I’ve got the dream tenant which is awesome. Claudio Crupi But prior to that, just last year, it was mid 2025, the Caboolture property settled. Now, I didn’t have to put any money of my own in. However, I did put a little bit because I just thought I had some money and I’d just like to have a little bit of equity, so I put in only $20,000. Claudio Crupi And the equity from Angle Vale was the deposit of $100,000 down on the Beaudesert property. George Markoski Dude, that’s amazing. Claudio Crupi So fast forward to 2026. Four weeks ago, or let’s just go a little bit back. I went to my two adult children, and I know there’s a lot of people out there who are concerned about their kids getting into the property market. And I said to them, “Hey, why don’t you join me on a venture on another property?” And they were very excited because, look, let’s face it, they work very hard. However, it’s very hard for young people to save money, especially if they’re renting. Claudio Crupi So I was able to do a deal where we went 50% me, 25/25. And we bought another property in Hervey Bay, Queensland at $849,000. I know it sounds like a lot of money, and it is. However, we know that within a few years that’s gonna be worth a lot more than we bought it for. Now, we’re building that, but again, I didn’t use my own money, George. I leveraged off Beaudesert. George Markoski Because how much equity did you make in Beaudesert? Claudio Crupi So that’s, I bought it for $519,000. George Markoski Here we go. This is Hervey Bay property. So that’s Beaudesert. Claudio Crupi Yep. It’s worth $670,000. So in one year, not even one year, there’s a $150,000 uplift. So we’re now building, the property in Hervey Bay is being built. It’s a beautiful property, 700 square metres, four bedrooms. And it’s in a great spot. The land has already gone up around $30,000 in one month. George Markoski So total, how much money have you totally made now? Claudio Crupi Around $470,000. George Markoski $470,000? In what period of time? Claudio Crupi Really in 18 months. George Markoski $470,000 in 18 months. So that’s pretty amazing. You must be pretty happy with yourself. Claudio Crupi I’m very happy because, look, I’m 61 years old and we are in our own home. However, we never really did anything with it. Now, I didn’t use any leverage on this home. I’m doing this on my own to build my own portfolio for retirement. And I feel so, so happy about the future. Not only for me, but for my children. And I couldn’t do it on my own, George. There is absolutely no way ever that I could’ve done this on my own. George Markoski Okay. And so take me back before you found us. What were you thinking? How did you find us? Why did you find us? Why did you decide to do property? Claudio Crupi Well, I saved a bit of money and we had businesses during COVID. We lost a lot of money, and we’re at that point where we have to make this work because I’ve saved up a little bit more money, and I had to invest my money in to retire when I want to retire. And so I was looking at a lot of companies, and they’re all talking about education, learning, then going out and doing it yourself. Claudio Crupi But then I came across Positive Property where I didn’t have to learn everything to get into the market. In fact, all I had to do was be present and take action, and I had this team of people around me that knows a lot more than me that could take me through the process. So because I’m very busy, what I do, I travel a lot and I’m very busy. I couldn’t do it. I didn’t have the time. Claudio Crupi And what made my mind up is what I tried to do it a couple of times on my own. I thought, “Let’s just look on realestate.com.” I opened it up, had a look at all these properties. My eyes started to glaze over, and then I just closed it down. I go, “I can’t do this. This is too hard.” So the blessing of Positive Property and having all that circle of safety around you, it’s such an easy process. George Markoski Yep. So there’s a game plan. Claudio Crupi In fact, stay there. Right on my fridge, this is the game plan. George Markoski There, you got that on your fridge. Awesome. I love it. Claudio Crupi And that’s the last step that we go through, and I was just determined to go through it, and now I’ve gone through it twice. And I’m nearly to the other side on the third time. Very excited because everything’s step by step, and all my properties are on my phone. I know exactly when the rents come in, what’s due, when the money’s going out. I just send it all off to my accountant. It’s a dream. It’s all automated. I love it. It’s awesome. George Markoski Beautiful. Because you made nearly $500,000 in that time period. If you had to work and save, how long would that take? Claudio Crupi Wow. To save that much money, even with, and I get paid pretty well, it would take me at least 15 years or more. George Markoski Yeah, because you’ve got to pay tax, you’ve got to live. Remember, we work three days for the government, then we only have two left. Claudio Crupi Exactly, and that’s the issue, right? George Markoski But what I love about what you’ve done, you’ve had the courage, you’ve joined the program, and you’ve taken action, and you’ve reaped the rewards, which is great. And as you know, a lot of our staff, a lot of our team started off as clients. So, you look at Alicia, Charmaine, and a lot of our team ended up becoming clients after they became staff as well. So it’s a bit of both, right? Because everyone in our team is really motivated and loves property a lot. George Markoski So, the other thing I wanted to let everyone know, I wanted to let everyone know about your announcement, our official announcement, is Claudio, you’ve joined our team. So welcome. Claudio Crupi Absolutely. Love it. Thank you. George Markoski Which is great. So you’re going to be in enrolments, basically helping join the program and enrol people, which is great. And you only started a couple of weeks ago, and you might actually have a few people that joined the program already tonight, on here. Correct. If you have, please type in the chat. It’d be great to see you. So, that’s pretty awesome. Claudio Crupi It is, George. I’m very blessed to be a part of this. George Markoski Well, I’ve always loved your attitude, and you’ve got a great attitude. You’re very positive, you’re motivated, and you love property, and that’s what we do. I feel that with what’s happening in the world at the moment, without property, there’s going to be no freedom for anyone. This is the only way to actually do it. There’s no other way. You cannot save yourself to freedom. Impossible. You’ve got to invest your way there. I could not make the money, last year, how much money I made out of property, it would take me 20 years to work for it. Impossible. Claudio Crupi No, it’s impossible. George Markoski Yeah. So, what was your biggest challenge along the way? I’m curious. Claudio Crupi A challenge on the process of building these properties or before? George Markoski Yeah. Before you joined the program, what was the challenge? Then afterward. Claudio Crupi Oh, okay. So the challenge was, I’ve bought property before, and they’ve always been wrong decisions, and we’ve lost money, and I just didn’t want to do that again. As you get older, you’ve got to be very careful with the risks you take, because when you’re young, you can take risks and recover. However, once you’ve gone through business and things happen, like COVID or wrong decisions in other businesses or property, you have to make the right decision. And if you don’t know what you’re doing, or you have no idea, don’t do it. Exactly. It’s simple as that. Claudio Crupi I’m in hospitality, and I see people open restaurants, and they’ve never done it before, and I predict within six months they fail. So never do anything you know nothing about. If you don’t know anything, join people that do, that can guide you along the way. That’s how it works. George Markoski Exactly. So, yeah. It takes 10,000 hours of execution to become an expert in any field. Right? So the fact of it is for example, let’s say for example, you had appendicitis, and you wanted to take your own appendix out. You’d need 10,000 hours to learn how to do it. You wouldn’t do it yourself, would you? You wouldn’t go on Google and go, “How do I take my appendix out?” But buying a property takes expertise as well. Claudio Crupi 100%, George. And George, I must say, the money, people always ask me, “So, well, how much did it cost, Claudio?” And I say, “Well, it cost me X amount.” And they say, “But that’s a lot of money.” I say, “But let’s look how much money I’ve made. Don’t look at what I’ve invested. Look at how much, for that X amount of money, I’ve not only gone 10 times, it’s gone 20 times.” I could have never done that myself. George Markoski It’s not the cost of getting in, it’s the cost of not getting in. Opportunity cost. Claudio Crupi So if I didn’t do it, it would’ve cost me 50 times. George Markoski Well, if you didn’t do it, it would’ve cost you $470,000. Claudio Crupi And I’d be working till I was 75, man. George Markoski Yep. Claudio Crupi We can now retire within two years. George Markoski Wow. That’s amazing. Claudio Crupi Very comfortably. George Markoski That’s beautiful. That’s amazing. It’s exciting. Claudio Crupi Yeah. And my kids who are adults, they’re not kids. 28 and 29 and 30. They’re so excited. They said, “Dad, we’re property owners now.” I said, “You are.” And the joy of helping your children get into property without giving them money. Now, I didn’t give them a cent. There was a little bit of money I gave, just bits and pieces to help us get in the property. But they feel like they’ve achieved it themselves as well, which is really very. It’s just good for them that they’re doing it themselves as well. They’re saving, they’re putting their money aside. It’s just a very good testimony to the program. It’s fantastic. George Markoski No, it’s wonderful that your kids are doing it as well. Which is awesome. Love that. It’s great. Claudio Crupi Yeah. It is exciting. Very happy. George Markoski No, it’s very exciting times. And look, the media, once again, is saying that the property market’s going to crash and blah, blah, blah. And certain properties will, and there could be a bit of a dip. But that’s why I wanted to show people the graphs of the last 20 years, what I’ve been predicting. And even the GFC, if you look at that graph, it doesn’t matter. It’s a little blip, it goes up again. It doesn’t matter. The key is being in the market, because trying to time the market’s never gonna get you there. It’s time in the market that’s gonna get you there. Claudio Crupi If anyone out there on the border, just do it. Okay. Because, what do you say, George? The cheapest property was 20 years ago, the next one is now. George Markoski Yeah. Exactly. Okay. Someone said, “Challenge equals delays on every single property. Settled in June 2025, and we still don’t have a slab. With circle of safety, things can still go wrong. But congrats, Claudio, it’s worked out really well for you and your family.” Yes, absolutely. It did. It’s one of those things. There’s gonna be challenges along the way, and that’s the fact of it, because there’s no straight road to success. You’re gonna have to work on it. George Markoski I guess what we’ll do is we’re gonna say goodbye to the public group, go into our private group, and do a deep dive and Q&A. So I want to say to everyone, thank you so much for joining us tonight. Really good to see you. Claudio, thank you, and congratulations on joining the team. Claudio Crupi Thank you. George Markoski Very excited to have you here. Claudio Crupi Thank you. It’s great. Very happy. George Markoski You’ll see a lot more of Claudio. We see a lot of you anyway, so might as well make it official anyway. That’s right. So I want to say good night to everyone, and I’ll see you next Thursday, same time as normal. Bye-bye. Next Thursday, I’m pretty sure I’m gonna be telling people about the birth of my child, so we’ll see. Cheers. Thank you. Bye-bye.