Property Valuation and ideas these days if for me actually if we go back to the start of it actually what I first start investing I realized that people look at property on an emotional basis and an emotional get killed by making a business decision and I in turn look ing back sort of business plan for my own property investing so I’ll look the people that were successful in business and took from them advice on how they treat their business and you think the property is a product of the business of what.
I’m sitting at to achieve so so when you actually interviewing these people or were you reading that books or just Valuations NSW reading articles about them just saw they compose was often TV I never read books but right now I can’t read it out a little bit I can yeah but uh with with you know you at the time like in the early s like Gerry Harvey brooch prints and all those sort of guys you know there’s things I did in business which he leaves a trail behind that you can actually go okay how can I adapt this listen to my lifestyle and you know my plans so well people don’t realize that just their own family and their own family budgets is a business and as retreat that is a lot of people.
Recognize it’s too tough to do it now is easy to your day and the rest of it and they said the same thing to me like a decade before yeah but the amount of information the amount of inspiration your man of TV shows like this and internet shows it’s like if people really got any excuse at all for not taking any action I’ve heard the same per se garbage that is out there today that I heard ten years ago and I heard before hand you know I’ve recently yp icked up an article that was from the newspaper dated in so it’s years ago that said that first home buyers are locked out of the Sydney property market and II can’t buy property and they ‘ll never be able to afford I hear the sames tuff on the news today and reality is is that they’re looking at properties like they had a liberal price chart on said like you can bind you know Castlehill for.
It has got a lot of untapped raw materials and minerals Valuations QLD that are available in the Northern Territory themselves but they’re going to run for a port. That port is most likely going to be the port of Darwin. We’ve just seen a new lease go out for that new port of Darwin. So there will be some Chinese money spent on that.The Americans haven’t even arrived yet. So that’s why it’s sitting on the bench but I’m probably a little bit more excited about how quickly a marketplace can turn because such a small population.
Base that if the economy twigs and switches on, then demands real quick and because you can’t build supply into that quickly because you can only build roughly for nine months in a year, it’s slow. So, you can really see some very bullish yields quickly and some really sharp vacancy rates coming quick. So that to me, you might pull them off the bench and you might get some early possessions if you do. But at this stage, we will keep it on the bench.Bryce Foldaway Great sport analogy there. I knew you would throw it in there and then last of all we’ve got Tasmania. So typically Hobart.Ben Kingsley Yeah.Bryce Hold away And.
I think – I think the affordability in Hobart is phenomenal and– but they – you know, tourism, retail. So the unemployment is a challenge there butt some point in time, when you’ve had Sydney and Melbourne and then Brisbane and then Adelaide,it’s largely – people are going to start to look there and see opportunity for potential grown in you but not yet.Ben Kingsley Yeah. Look, for me, I was down there I think just before Christmas and Went down to the water ferry there and it’s quite nice.
It’s sophisticated. The food’s always fantastic.Bryce Hold away That’s my favorite place to go. When we would film on location, I – whenever Ben Kingsley Fresh produce, amazing down there. So – and I think with a growing population,their tourism story and their organic and natural beauty stories, everything.
That you need to note alarmed too much by that and you’ve got to look at even things that aren’t investment grade so let’s say you’re looking at food for example well there’s going Brisbane Property Valuers to be exceptions to the rule you know in general you know prices of food’s you know I would say generally more expensive in almost every case then it was say years ago now of course there are some exceptions to this but you get the general.
Gist of of what I’m saying here the other thing is that I guess you know you could argue that there are someplace that you could find value here and that maybe be along the lines of say gold or cash you know God’s really hardtop value because there’s no actual yield you know we spend all this money to digit out of the ground then we spend more money to pay someone to guard it and you know.
I think those are the words of above it but you know that that concept believe it’s very true i mean you know it doesn’t it doesn’t really have yield you know just sits there so i don’t know if it’s if it’s fair to really compare gold but right now you know gold is a lot below all-time highs we’re looking at you know but over , announce prices were over before and so prices are a bit cheaper but again like you are again speculating just purely on the value of it going on there’s no actual yield that you’re sitting.
on thatyouyou know receiving the other one is cashyou could say look you know with assetswhere they are where you should be ascash and that may be true catch howeveronly really works when other assets arefalling in value and all you’re able toyou know have the cash on stand by topick up assets that will eventually youknow appreciate in value so if we’re to look.