Perth Property Insider Ep. 66 – Perth Property Market Update – Mar 22 – Forgotten Perth?

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At the moment Perth is shown to have the second-lowest median house price of every capital city in Australia! So it would seem as though Perth has been forgotten despite its amazing fundamentals. 

Let’s deep dive into the underlying stats and factors driving our rental and sale market as well as my actions to consider and crystal ball for what I predict will happen in the year ahead.

I can’t wait to share this jam-packed episode with you so let’s go inside!

Highlights:

  1. Introduction [0:00]
  2. Perth sale market
    • Number of properties for sale [1:05]
    • Number of properties sold [3:04]
    • Perth property market inventory [4:29]
    • Perth median house price [5:34] 
    • Perth unit median price [6:01]
    • Perth land median price [7:14]
    • Perth average selling days [8:06]
  3. Perth rental market
    • Rental vacancy rate [8:49]
    • Median house rent [10:48]
    • Rental inventory [11:35]
  4. Property clock timing [12:37]
    • Perth’s property clock label [13:01]
    • National property clock: units [13:28]
  5. CoreLogic Index [14:14]
  6. Factors affecting the real estate market [16:16]
  7. Finance availability [18:13]
  8. Homeowner lending by state [20:10]
  9. Investor lending by state [21:06]
  10. Performance of the stock market [22:36]
  11. Economic forecasts for WA [25:20]
  12. Iron ore price [26:43]
  13. Tips to survive and thrive [27:42]
  14. Looking at the overall market [29:42]
  15. My crystal ball [30:53]

Thank you for tuning in! If you liked this episode, please don’t forget to subscribe, tune in, and share this podcast.

Transcription & Graphs:

Good day and welcome to another episode of Perth Property Insider, I’m your host, Jarrad Mahon. And today I’m excited to be bringing you my Perth property market update for the quarter where I’m asking the question, has Perth been forgotten? I’m going to go into the underlying stats and fundamentals of both the Perth rental and sale market, what I’m actually seeing out there in the market as well. And most importantly, I’m going to go through the factors that are affecting the market as well as my crystal ball for the year ahead. So a jam packed episode, can’t wait to share it with you. Let’s go inside.

Welcome to Perth Property Insider, where you will learn how to grow your wealth and improve your life using Perth property. Our show is brought to you by Investors Edge Real Estate, the highly rated and award-winning property management specialist servicing the whole of Perth. Now, here is your host, Jarrad Mahon.

Perth Sale Market

Number for Sale

So let’s get stuck into things by diving into the sale market straight off. Now, the number of properties for sale has hit on almost all time low in the 13 odd years that I’ve been tracking things, which is incredibly important to show just how tight our market is. Where at just 7,913 properties, the equilibriums often been spoken about at 12 to 13,000. And in our worst times when our market was incredibly soft, we hit a high of 16,600 properties on the market for sale.

So pretty much under half that for sale now, compared to when we were in our real soft market back in March 2019, when we hit that peak of properties for sale. So that’s continued to trend tighter and tighter. And unlike the other states, this is not an artificial tightness whereby in the other states, people have been had continuous lockdowns. They’ve been continuously fearful of selling their properties, and that has artificially kept their markets very tight and under-supplied.

Here, there’s been a free flowing supply. We’ve been at business as usual with living in our little COVID bubble from the rest of the world. And we’ve really enjoyed a great quality of life and a great normality when it comes to our sale market. So you really can’t compare what’s happened here with what’s happening over east.

Well we can compare, and it’s been very different, so over the last six months we’ve had a 4.7% decrease and we’re slightly up on a year ago at 1.2% higher than a year ago, but very marginal and we’ve hit a new low after trending upwards across spring a bit.

The overall trajectory is definitely still downwards now with the number of properties for sale

Number Sold

With the demand side of the equation, that trend has continued upwards as well. So great to say that the demand is also increasing and we hit a relative new high at 1,094 sales a week in February.

And this was only surpassed by certain times when we had those crazy building grants, where we had those massive outliers with 1,300 odd sales in the weeks of the building grants being announced and taking full effect.

So very encouraging again, to see that the demand week on week is continuing to trend upwards. And when I consider that the most important things are supply and demand, we’ve got some really solid fundamentals existing in our market for more growth ahead, and we’re going to touch on the other factors that will impact this later, but in terms of just supply and demand, things are looking very good.

And that’s 9.9% increase since July last year and then a number of weekly sales. And it’s a 33% increase since February last year, that should be February 21. So amazing to see just how much it’s increased year on year 33% up on a year ago, that’s a massive number.

So things are looking very good from a solid demand side.

Sales Inventory

Now, the inventory, which is the amount of when we compare the supply of properties and the demand for properties, how many months of supply we’ve got in the sales cupboard, if you want to picture it that way. Now the lower this number, the tighter the overall market is, and the less overall inventory we’ve got. So we hit a high at when all the land came on at 10.5 months of inventory, and it ended up getting soaked up very quickly, and that was in response to building grants, but we’ve continued to drift down and down and down, and we’ve hit a new low record of 1.81 months. So just nearly two, just around two months of supply and all the properties on the market will be taken up if the number kept getting sold as high as it is now.

So that’s very encouraging, showing that there’s, fundamentally, we’ve got the tightest market now than we’ve ever had on my record anyway.

Median House Price

So when we then look at the median house price, we’ve been drifting up from our low, at about 475k we’re now at 525k. So that’s about a 12% odd gain since June 2020, when we hit that low, I expect that it will continue to drift up over this year and we’ll go into some more specific predictions on prices later.

Median Unit Price

Now, the unit median has continued to drift up as well. We’re currently at 415,000 and I did see the volume of sales of units tick up a bit in the September quarter, but the volume was a little bit flatter in the December quarter. And I was hoping that the number of transactions for units would’ve kept up and been a bit higher, but that hasn’t really eventuated yet.

And I think the key thing for units is going to be the opening of the borders, because at the other points of booms in the past, when we’ve had that international and interstate migrants, a lot of the international migrants do favor high density and are more accustomed to it, and it’s a lower entry point.

And they like to be in prime areas where they can easily get around because often they often don’t have cars and other things to start with, and they can be a lot of students in that or parents paying for their students.

So I expect the units to get a real kick when we finally get these international migrants coming in with the borders now being open. So watch the space for units, especially.

Median Land Price

The land median house prices continue to move up as well. We’re now at $253,000, it hasn’t moved up massively, but it has been trending upwards and continues to.

So there’s not a huge number of land sales, and what I find in the inner premium areas is that the building grants actually took a lot of that land that was sitting around away, and unlike the outer areas that have got more land to come on, the inner areas are very tightly supplied for land. So when land does come on for sale, it tends to sell quick and set new price records even though there’s not as many people looking to build because of the building industry still being very jammed up and very costly and takes a long time.

Average Days on Market

So land’s holding its own still, especially in established areas. Then when we look at our average selling days, we’ve actually hit an equal all time low on the time that I’ve been tracking. And we’re at 16 days on market, which is incredibly tight.

So all the fundamental indicators are showing that our market is in exceptional shape and should experience growth. What other ingredients are we missing? Well, potentially missing the confidence that some of the eastern states have had. We’ve been missing immigration in the mix, which the borders will remedy, but our run may come a little too late with interest rates starting to increase and we’ll go through that more in a minute.

Perth Rental Market

Rental Vacancy Rate

Now, the Perth rental market, so rental vacancy rate has also hit an all-time low in the time that I’ve been tracking things since 2013 odd we’ve hit 0.7%, which is just so tight. And that’s definitely going to get tighter when the border is open because a lot of new migrants to the state will rent first and then buy second.

So look when it’s this tight, yes, we’re getting increases in rental prices every time a property’s leased and every time we do our six monthly rent reviews, but it’s not fun for tenants because we’re getting 10 applications, sometimes 20 applications before we’ve even opened the property.

We’re putting it higher to the market each time people are then bidding, we’re using “from” pricing generally when the area’s in demand and we’re getting people bidding over the asking price even higher. And then we’ve got multiple applications before we even do the first viewing. And look, it really is a landlords market when it comes to renting and it’s only going to get worse in the shorter term.

It’s really tough for tenants to find a place to move to. So I do feel for them when things are this tight. We can still have increases in rental price without it being this tight. Generally when we’re below 3% vacancy, we’ve got pressure on rental prices, 2%, we’ve got maximum pressure and you’ll still see strong increases.

So I expect this to flow through to higher rental prices in the coming six to 12 months. Now, just to give you some perspective on how tight this rental market is, we’ve had a 41% decrease in our vacancy rate over the last six months, a 12% vacancy rate over the last year. So the last year is more relevant to look at, because it takes into account seasonal changes. So 12% tighter than last year.

Median House Rental Price

Now the median house rental price stuck at $450pw for a good five, six months there. And I was wondering, had this capped out because our previous high that I’ve ever recorded was $480pw. Now, the monthly data is showing me that we’re back at $470, so we’ve had an increase and I’m sure the quarterly data will confirm that increase. And based on what I’ve just said, I expect this is going to push past our previous high of $480pw in the coming three to six months.

And we could be up at $500 per week, at least before the end of the year I’d expect. So we’ve had a 14.6% increase in the rental price over the last year, which is pretty considerable.

Rental Inventory

Now, I’ve got a new stat that I’m tracking, we’re tracking the sale inventory, the number of months there is of supply for sale. Why don’t we track the rental inventory? Now I’ve been keeping the stats in the background for over a year, but wanted to get at least a year’s worth of data. And it now shows that we’re at just 0.75 of a month of rental inventory.

So that’s based on the number of properties that are renting each week, how much supply there is in the market and it would take three weeks basically to use up and rent out all of the supply of stock that’s on market based on the rate that properties are currently renting.

So we hit a, at one point in my tracking back in April 2020, we hit two months nearly of supply and it’s come down a lot, even since then, this will be a good one to track. It’s basically decreased 34% over the last year. So that’s another way of understanding, just how tight the market is.

Property Clock

Houses Clock

Now, property clock timing, this is where we look at how Perth’s going and the Southwest is going compared to the other states for both houses and units. Now, the Southwest WA’s labeled as being approaching a peak of the market, and this is released by Herron Todd White, very respected valuer and market researcher. And for the most part, I like to correlate it with what I’m seeing. So Perth’s still labeled as being in a rising market, which is at nine o’clock. Southwest is in approaching peak of market, which is about 10 o’clock.

And when we look at where Sydney and Melbourne are, they’re supposedly still in a rising market. But I think that should be more around in approaching a peak of market from everything that I’ve seen.

Units Clock

I’ll go through some of the stats on that in a minute from CoreLogic. Now, the national property clock for units still shows Perth in the rising market and Southwest in approaching peak of market. And the unit market typically trails the housing market by 12 to 18 months. Interestingly, Melbourne’s still labeled as being around and starting of recovery so very two tier markets over east. Brisbane is around and a rising market. And I can’t even spot where Sydney is, oh, there Sydney’s in a rising markets are doing better than the Melbourne markets. So potentially there’s some value buying in Melbourne for units. And I think I’d feel more comfort buying in Perth, I’m not sure if they’re going to get their run on.

Core Logic Index

And I think I’d be buying a unit in Perth if I had to choose which city to buy a unit in, but when it comes to the CoreLogic index and we had Tim Lawless on in December, really great to have a chat with him. I know we had some, a fair bit of banter, at times I might have even spoken over him according to some of our listeners.

So I’ll be certainly more mindful of that next time, but I had a lot of ideas I wanted to share and I wasn’t used to sharing my market update with someone so hopefully Tim understands and we can have him back in December this year to do an annual wrap up, but looking at the data from CoreLogic, it shows that Perth has the second lowest median house price of every capital city in Australia.

Can you believe that Adelaide is higher, it’s by 60 odd thousand dollars? So that is crazy to me in my mind. And the only capital that is lower than us is Darwin. So that just goes to show how crazily undervalued we are.

At one stage in the past, we were the second highest median house price of any capital and Brisbane, often, I think we should be very on par with Brisbane. Brisbane’s at $722,000, a good $210,000 higher than Perth’s median. Brisbane’s been getting a lot of the attention lately and I’m asking the question, has Perth been forgotten despite its amazing fundamentals?

And it appears that it hasn’t had the confidence around it and it has been forgotten compared to a lot of the other capitals where more investor focus has been. And arguably, they’ve had artificial environments around their COVID, they’ve had potentially much more growth than the fundamentals would suggest.

And I’d be more worried about how they’re going to come off when the interest rates do start going up middle of this year towards the end of this year. And I think I’ll go into some more predictions a little later on. I can get carried away.

Factors Affecting Our Market

Economic Clock

So what are some of the other factors affecting our market? Well, I introduced in my September update, what is known as the economic clock. Now, it doesn’t always move perfectly with its timing, but I’m predicting that we’re somewhere between 12 and one o’clock at the moment. And we’re coming up to the part of the economic clock where interest rates rise at one o’clock, share prices start falling at two, which we’ve already seen some of, and we’ll go through that in a minute. And then we see falling commodity prices at three, and then we’re officially moving around into more of the recession bear phase after three o’clock.

And that’s when we would see falling overseas reserves and tighter money, so money’s harder to get, and that’s when we would then see falling real estate values at six o’clock. So it can take quite a while to move around from our position somewhere between 12 and one o’clock to six o’clock where we’d see those falling real estate values.

Now, when there’s uncertainty in the share prices and also potentially… so when there’s uncertainty in the share prices, people put a lot of money into hard assets and that props up commodity prices, especially gold and other things. And especially when there’s uncertainty of supply of commodities around the world, for things like this war that’s going on in the Ukraine, and we’re all worried about how much further Russia might go with things and what else may happen at the same time. Hopefully China stays out of things, but when there’s this uncertainty, there’s a big swell if you will, towards hard assets being gold, silver, property, and we’ve already seen that change in the share market we’ll take a look at that in a minute.

Finance

Now, when we consider our availability of finance and what has changed in that area, well, rates have held steady since November 2020. Market, however, is now expecting rates to begin rising by the middle of this year. And the RBA is still looking for sustained wages growth in order to indicate that inflation for wages and overall inflations back in their target band. And that’s when they’ve said that they’d likely increase the cash rate, but the market is expecting and has priced in interest rate rises sooner, and the banks, there’s talk among them that they may break the ice and raise rates before the RBA increases its official cash rate. So that’s to be expected some point probably around the middle of the year to late of the year.

I think if the federal government’s got anything to do with that, they’re going to push the RBA to hold off on raising rates until the election is over, want to keep all of their ducks in a row to have maximum popularity. And I also think, from everything that I’ve read, that the increasing in interest rates is certainly going to be done in a tapered way, slow and steady to see the impacts of any increases and with the amount of debt that especially is on the east coast, Sydney and Melbourne, and a lot of people have gone and extended themselves probably in Brisbane too. It’s not going to take much of a change to slow their markets further. And I’d think that with our relative affordability and relative higher wages to house prices, that we are going to hold up really well in this. And we’ve got a good buffer, or a good cushion compared to what could happen over east.

So when we start then going deeper on the finance side to see what homeowner lending has been by each state, and you can see all my slides, all my graphs on our website in the show notes, there’ll be a link and you can go and see all the slides and the transcription.

Home Owner Lending

So when we look at WA the home owner lending has been drifting down slightly. We hit our peak somewhere around the middle of last year, and that has been the case for the majority of the states, but there’s recently been a uptick in New South Wales and Victoria in home lending a bit of an uptick in ACT and a slight upward trend in South Australia. So it would seem that our homeowner lending is holding pretty high, but it is slowly drifting downwards.

Investor Lending

Now, when we look at the investor lending by each state, WA has been slowly drifting upwards and has got a positive trend, it’s looking like South Australia might be flattening. A bit Queensland could be flattening and Melbourne and Sydney have continued to accelerate upwards in investor lending.

I think as rates start to increase and pull back, investors are going to look more for value and yield. And Perth could be the shining light that will cut through and still make sense for investors to purchase with our higher rental yields, and further increasing rental prices. We’re going to offset the interest rate increases. At least that’s what I think can happen.

First Home Buyer Lending

When we look at our first time buyer lending by each state, it’s been a downward trend for all states since the building grants. So still relatively high numbers of first time buyers getting in because they want to get out of renting. And when we look at it, the levels compared to, historically, we’re still very high compared to historical levels.

So even though the trend is down, it’s still relatively high. And especially when it’s going to cost more to rent in most areas than it is to buy, that motivation’s going to continue to have as many people get out of renting as possible, but we’ve also got a lot of more people coming in to renting into the state as mentioned previously with the migrants.

Stock Market

So when we then look at how the stock market has been performing since over the last quarter, since my last update, there was a big shock to the market on the 27th of January, which was one of the biggest drops that has been in recent years. And that was mainly in relation to the US Fed’s Reserve signal, they were going to start increasing their interest rates, and they’ve got very high inflation over there and rising bond yields so they in a very different economy to where ours is at, and that shock did get felt here.

And the market did rebound after that, in the month or so after. But then just as the share market started to find some confidence, we’ve then had this Ukraine crisis, which wiped a huge amount, I think it was 76 billion or something from our market in a single day and that was the 24th of February. So that started to rebound since, but it’s looking like the trend could remain downwards depending on what happens with these two big factors, the US economy, and whether what’s going to go on with this Ukraine war that’s happening.

So when the share market starts to turn and it’s looking like it potentially may have, I’m no share or stock expert, but I like to look at it as to how it can impact our property markets. Now, when people have uncertainty and they’re not getting the returns in the share market, they move to harder assets like gold and silver and hard property.

And I think that’s going to benefit property in the shorter term ahead.

State Economy

Now, when we check out how our state economy is doing, I’ve got the updated stats as of the 17th of February, and we can see we’ve got one of our lowest unemployment levels, actually the lowest of all states at 3.7%. Now, when you talk about fundamentals, that’s an incredible feather in the cap of Mark McGowan and what he has done for the state, whether you like his politics or not, we’re in great shape.

And all of our exports are still holding very well. State final demand is up at one of the highest levels, much higher than the last quarter. And so everything is going very, very, very well at a fundamental state level. And I think that’s what is going to be important going into this next few years. Now, when we look at the economic forecasts for WA, we’re well, and truly ahead of our unemployment rate forecasts that even the revised rate for 21, 22 was 4.25%, we’re at 3.25% lower than that.

So it was predicted to go slightly lower in unemployment in the next three years. So it’ll be interesting to see just what our economy might look like if we go even lower than 3.25%, we could be having record unemployment for quite a while, and that’s going to be very attractive to migrants to come into the state.

Now, I also picked up in the estimates and the forecasts that they’re expecting our state final demand and gross state product to be quite down in the coming years next two years or three years. I don’t know the reason for that, and maybe they’re thinking that on a global level, the need for our resources is going to taper off, which I guess would make sense when we relate this back to the overall economic clock. But I think for the shorter to medium term with uncertainty of supply of iron ore in other parts of the world, and with what’s going on with the war, we’d have to be one of the safest places to get resources from.

So that could certainly benefit us in the shorter term.

Iron Ore Price

Now that brings me to our iron ore price and why probably we’ve had such a rebounding in the quarter since I last looked at it. It hit its low at something like 80 odd dollars a ton, US dollars a ton. We’re now back up to $141 a ton. And when we look back over recent years, that’s significantly higher still for price and we did hit nearly $220 a ton at one point, crazy highs around the middle of 2021, middle of last year. And then it’s nicely rebounded. And I guess hopefully we can keep that price pretty high with all the other uncertainty that’s going on in the world. Now, the reason I obviously touch on iron ore is that it’s one of our main exports and a huge driver of our economy in our state.

Tips to Survive and Thrive

So tips to survive and thrive. And I’ve updated this since the last quarter, tempering my actions to consider on previous quarters. So I’d focus now on buying quality without any major negatives. And that’s my advice all the time, but I think investors need to hear this now more than ever and homeowners too. Don’t go making the tradeoffs on location, especially, or any of those big, larger negatives that in a slower market are going to prove to make a property much harder to sell and not have the demand around it for rental or sale when, and if you have to rent or sell your property and people often make these trade offs, for instance, buying on that busier road or buying next to a big negative now and then regret it later. And they do it because they feel like they’ve missed out on a lot of properties.

They feel like I just want to get a place and it’s a trade off that’s not worth making. So just a strong reminder not to do that. There’s still really great value buying across the market, in my opinion, with exceptional yields on offer. So be selective, buy properties that have quality without those negatives.

I think you can still do very well in the coming 5 to 10 years.

Now, where to buy? Well, that’s a trade secret, if you will. We’ve done a lot of research. We’ve got our buyers pack that’s at a very low cost, which can help you recommend suburbs to buy at your specific price point, get in touch through our website and there’s link in the show notes. And we can get you some info on what the buyers pack includes, not just the web recommendations, but also an offer example conditions and a criteria to overlay over your purchases so that you’re not ending up with those negatives that’ll affect the value ongoingly.

Now, I think looking at the overall market, most properties in outer areas and unit complexes are now at or above their low point. So values are back to what people, most people have paid now in across the whole market, if not further ahead. So if you wanted to get out of an asset and you were worried about how much longer we’ve got left in this cycle, then now is a good time to consider getting out. If it doesn’t make sense for you to hold it over the next 5 to 10 years, it’s probably good timing to look at that and choose it in line with your lease end dates. And we had a good episode, a few episodes back about, is now a good time to sell or ever, so check that one out if you missed it.

Next, definitely continue to increase rents when you can, because the rental market is increasing and continuing to give us the chance to get better yields and just needs to be managed well so the tenants understand that what the market rate is, and that they’d have to pay similar amount if they went and moved and who wants all that cost of moving, if you can stay put.

My Crystal Ball Predictions

So my crystal ball, probably one of the most important parts to this update, I’ve revised my crystal ball a bit so overall similar theme, but being our first update for 2022, put a lot more thought into what’s ahead. I think our rents will continue to increase over the next six to 12 months, which I’ve mentioned earlier in the update, especially with the borders opening before some easing of pressure, when tenants, more tenants move out into the newly built homes, but more want to keep getting out of renting so there is that pressure. We haven’t had as many investors into the market as we otherwise have.

So that’s kept availability of rentals low, but more investors are going to continue to buy. And they’re being attracted to the relatively low prices and higher rental yields compared to the other states. We’ve got really good growth prospects, I think, for the next 5 to 10 years, not just focusing on the shorter term, but we’re going to have a very different 10 years ahead than the last 10 years that we’ve had.

At the moment when we had our last downturn, we were coming off of a massive boom. We had to go and have a low period for a while. We haven’t had a massive boom this time. So even if things cool off a bit with interest rates over the coming one to two years, I think it’s only going to be a pause for us. I don’t think we’re going to see the strong negatives that you might see in Sydney and Melbourne.

And I think with our fundamentals being so strong, people are going to wake up to us at some point, and we’re not going to be the forgotten ones after that. And I think it could be the immigrants that see this value that see our crazy low unemployment compared to the other states. And I think this could be the big surprise that hasn’t been factored into most forecasts by the bank and other economists.

As my episode back at episode 62 odd, would tell you can be a very big impact from the border’s opening. So go back and listen to that episode if you missed it. Interest rates are likely to rise and it’ll take some of that demand out of the market, which I mentioned, and it’ll hurt the higher median house price cities over east the most, I’m expecting 10% to 15% growth for our inner and highly desirable areas this year.

And 5% to 10% growth for most outer areas with exceptions, obviously, when you’ve got higher supply, you haven’t got the demand around it. You’re not going to get that 5% to 10%. It’s more going to be zero to 5% and supply and demand always has a way and it’s effect on prices.

So one of the things that we’ve got coming up this quarter, we’ve got our federal election likely to happen. We should have the national federal budget released before that. We can start to weigh up, is there going to be any lines drawn in the sand between the two major parties, labor and liberal? Is there going to be any hot topics to vote on or is ScoMo just going to play the safe game and refer to his record of getting us through COVID? So we’ve got that ahead in the next quarter, which will be interesting.

It’s always good to see where they’re going to spend their money and how that might influence our markets. So I’ll be coming to you in June, July with my next update and going to be an interesting time between now and then also with our border opening or open. And we will probably have a pretty rough few months learning to live with COVID like the other states have, but I’m hoping that will be a blip on the radar.

I feel like if we’re not prepared for it now, when are we going to be? But I think there’ll be a lot of positives getting back to normality too, on the other side of that. And I can’t wait to start thinking about traveling, maybe when some of this uncertainty around the rest of the world drops and some of the countries tourism industries can get back to normality too.

So it’s going to be an exciting quarter ahead expecting good things for our market, interesting things at the federal level, and probably a pretty rough COVID period.

Further Help

So for further help, if you’re considering sale, make sure you get a complimentary appraisal. You can go to our website, investorsedge.com.au/appraisal

You can join my property investor update that’s an investorsedge.com.au/join.

We’ll send you suburb data, suburb reports every six months on your suburbs of interest. We’ve also got other events and invites that we send out on there as well as the podcast each week.

And if you do want to look at our investor support services for the buyers pack and have a bit of a chat with us to get some direction, you can go to investorsedge.com.au/strategy

So thanks for joining me for this market update. I hope it’s been of help and value to you, and I will catch you on the next one.

 

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