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Speaker 1: She's on the Money. She's on the Money.

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Speaker 2: Hello and welcomed. She's on the Money, the podcast for

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Speaker 2: millennials who want financial freedom. This is one of our

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Speaker 2: Friday Drinks episodes where we celebrate the money wins from

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Speaker 2: our She's on the Money community. As you guys know,

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Speaker 2: there are so many great wins and confessions that are

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Speaker 2: shared every single week in our community, and over the

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Speaker 2: last week we have spent a very big chunk of

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Speaker 2: time going over everything you guys have achieved over the

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Speaker 2: last week. So this episode is for you. It is

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Speaker 2: celebrating you. Georgia, Welcome to the show.

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Speaker 3: You get a mate.

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Speaker 2: Hi, I am so well. I bet you didn't think

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Speaker 2: that you'd log on to record an episode and it'd

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Speaker 2: just be me awkwardly sitting here. It's just us.

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Speaker 3: It's literally just Victoria and my good self. It lacks

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Speaker 3: a bit of a vibe, but that's okay.

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Speaker 2: We bring the energy. No, we bring the vibe. Georgia.

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Speaker 3: Did you want to explain why it's just the two

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Speaker 3: of us?

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Speaker 2: Yeah? I do. It's because no one likes us. No no, no, no,

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Speaker 2: that's not true. I mean, but the real reason is

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Speaker 2: because it's the day before Melbourne Cup day here in Melbourne,

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Speaker 2: and any smart individual would have taken to day off. Yeah,

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Speaker 2: it's did you know that we were meant to take

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Speaker 2: the day off, Joorje.

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Speaker 3: Well yeah, look in hindsight, i'll know for next year.

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Speaker 2: Yeah, we'll know for next year and Jess can carry

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Speaker 2: the show all over exactly, it'll be fine. So we've

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Speaker 2: decided to just do the show anyway instead of doing

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Speaker 2: it later in the week because we had it scheduled

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Speaker 2: for Monday, and like, we just stick to the schedule,

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Speaker 2: you know, George. Absolutely, we just those types of people.

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Speaker 2: So to have a chat about what happened on the

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Speaker 2: show this.

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Speaker 3: Week, absolutely start us off with money diaries, pluse.

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Speaker 2: Well, technically we're recording and it came out this morning,

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Speaker 2: so I know all about it, and you're gonna do

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Speaker 2: a bit of a spoiler, but it won't be a spoiler,

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Speaker 2: like you know what happens on Wednesday, Georgia. But we're

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Speaker 2: pre recording this week because we're so busy.

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Speaker 3: It's meta. There's a lot we shouldn't have.

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Speaker 2: Told people that we should have just been like, oh,

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Speaker 2: this is definitely us in your ears on a Friday morning. Anyway,

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Speaker 2: this week on money diaries. We sat down with a

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Speaker 2: money diarist that was honestly so interesting. So she slid

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Speaker 2: into our emails last week and she had this really

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Speaker 2: great story that I was super excited to listen to,

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Speaker 2: and it was all about how her and her partner

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Speaker 2: were saving for their first home and that her partner

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Speaker 2: was a relatively high income earner, Like we're not talking

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Speaker 2: like a couple of grand a week. We're talking like

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Speaker 2: ten grand plus per week as an income that is.

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Speaker 3: Not relatively high, that is ridiculously high.

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Speaker 2: Yeah, like insanely high. And so she was talking through

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Speaker 2: that and how they managed their money, and we really

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Speaker 2: wanted to talk to her about balance and how she

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Speaker 2: you know, split the relationship because she's on more of

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Speaker 2: a quote normal salary issue. It's about sixty grand a year.

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Speaker 2: And I was like, yeah, get her on. That'll be

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Speaker 2: so interesting because in her email she also said, you know,

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Speaker 2: I do a lot of the home stuff, and my

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Speaker 2: partner pays far more of the bills in rent than

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Speaker 2: I do. And I'm like, wow, let's do this. So

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Speaker 2: we organized a time with our money darrest and she said, Hey,

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Speaker 2: are you guys still okay to record because my situation

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Speaker 2: significantly changed. We were like, oh, okay, like you sent

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Speaker 2: this email. I think it was like seventy two hours before,

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Speaker 2: Like what could have changed so much? But turns out

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Speaker 2: she broke up with her boyfriend. He had decided that

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Speaker 2: alcohol was more important to him than their relationship, and

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Speaker 2: she said, no, mate, kick it to the curb, we

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Speaker 2: are done here and left. So she in that period

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Speaker 2: of time had gone from the financial goal of saving

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Speaker 2: for a home and thinking literally thinking seventy two hours

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Speaker 2: earlier that coming on shees on the money was you

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Speaker 2: know something that she wanted to do, have a chat

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Speaker 2: about it, to being like, you know what, enough is enough?

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Speaker 2: I am done here. And now her financial goals are

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Speaker 2: more around travel and setting up her emergency fund and

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Speaker 2: like looking after herself. So it was a wild ride

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Speaker 2: and one that I was so grateful to be on

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Speaker 2: with her because you would have thought maybe she's a

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Speaker 2: bit vulnerable right now. And we obviously did our due

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Speaker 2: diligence George and say, hey, are you sure you really

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Speaker 2: want to record this, Like we promise we will do

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Speaker 2: this with you, but if this week ain't the week,

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Speaker 2: that's okay. She was like, no, like I've made the

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Speaker 2: right decision for me, and I want to share it

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Speaker 2: and I hope that it can really help somebody going

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Speaker 2: through something similar to hopefully pull the trigger and make

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Speaker 2: the same decision I did. And I was like, yes, Queen,

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Speaker 2: come on the show.

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Speaker 3: So God, that sounds juicy.

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Speaker 2: It was juicy, So if you haven't listened to it,

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Speaker 2: I highly recommend that episode. The vibes on it are

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Speaker 2: also supreme.

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Speaker 3: How long had they been together? For me, they've been.

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Speaker 2: Together for a number of years and they had broken

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Speaker 2: up a couple of times historically, but she said she

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Speaker 2: wasn't quote serious about the breakups. She was more like, oh,

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Speaker 2: like I ended up going back or whatnot. But I

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Speaker 2: don't want to spoil too much because obviously it's a

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Speaker 2: really good story. But to overlay that, she was also

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Speaker 2: helping him get his visa here in Australia, so he's

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Speaker 2: really dependent on Oh.

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Speaker 3: My gosh, so many little plot points here.

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Speaker 2: So go listen to the Money Daries episode if you

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Speaker 2: thought that was pretty interesting. But as I said before,

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Speaker 2: I don't want to ruin the whole episode or spend

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Speaker 2: this entire episode recapping what happened on Monday. When you

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Speaker 2: just listen so Georgia King on Wednesday. What did we

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Speaker 2: get up to.

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Speaker 3: So the Cast your Mind Back. We discussed what you

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Speaker 3: need to think about financially when it comes to living overseas,

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Speaker 3: and as I mentioned forty nine times in the podcast,

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Speaker 3: I'm very keen on living in London at some point

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Speaker 3: soon in London. In London. I don't know if you

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Speaker 3: can do that, but we've done it.

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Speaker 2: If that's proved. But that's so gay.

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Speaker 3: But it was so interesting because it turns out there

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Speaker 3: is so much more to it than just throwing your

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Speaker 3: backpack on your back. You got to think about tax,

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Speaker 3: you got to think about super health insurance, like all

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Speaker 3: of these things that I just you know me, I

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Speaker 3: don't think too deeply about many things. So it was

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Speaker 3: a real eye opener. So if anyone is thinking about

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Speaker 3: heading over now that we can definitely give it a listen.

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Speaker 2: It was a great I thought it was a really

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Speaker 2: good episode as well, because there's someone who has not

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Speaker 2: lived overseas before. I was just like, yeah, actually, what

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Speaker 2: do you need to consider because I've always done the

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Speaker 2: travel insurance and stuff like that, but like, what other

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Speaker 2: factors do you need to take into consideration? And one

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Speaker 2: of them was Superannuation, which isn't that sexy, but at

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Speaker 2: the end of the day, has a massive impact on

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Speaker 2: the way that you're going to retire, and you don't

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Speaker 2: want to put yourself in a position where you're like,

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Speaker 2: I'm going to move overseas and live my best life

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Speaker 2: to the detriment of future me. Someone wants to do that,

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Speaker 2: and you don't actually have to, Whereas I think a

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Speaker 2: lot of people just go, oh, if I move overseas,

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Speaker 2: I won't be contributing to super that's bad bubow. But

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Speaker 2: the reality is you can make a plan that happens before, during,

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Speaker 2: or after you come back to make sure that you

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Speaker 2: don't skip a beat, and that's pretty exciting.

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Speaker 3: Well, one of your remedies that you suggested was for

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Speaker 3: me as someone who wants to go over there in

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Speaker 3: like two months or so. I'm joking. I'm joking. I

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Speaker 3: knew you'd Okay, I'll keep.

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Speaker 2: You on the show. You know what, George, I can't

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Speaker 2: deal with any more change in my life. What we're

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Speaker 2: going to do, We're just going to keep you here.

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Speaker 3: Let's chat. We'll lock her in. No, buts as someone

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Speaker 3: who wants to go in the you know, the not

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Speaker 3: too distant future. I'm going to start making additional contributions

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Speaker 3: to my super so that I don't have to worry

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Speaker 3: about it when I'm there. Remember you said that, Yeah.

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Speaker 2: Oh that's exciting.

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Speaker 3: I think it's it's smart. So yeah, it was an

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Speaker 3: episode packed full of tips, so have a listen.

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Speaker 2: Covid has taught us anything, Georgia. It's that remote recording

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Speaker 2: of podcasts is entirely possible. So if you think you're

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Speaker 2: leaving She's on the Money and going to London, what

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Speaker 2: you're actually meaning is you're taking Shees and the Money international.

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Speaker 3: These Mike supportable.

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Speaker 2: You hurt guys, But do you know what we should

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Speaker 2: do now? We should go into the money wins of

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Speaker 2: our She's on the Money community, because George, that's what

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Speaker 2: this episode is about, and this week we have had

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Speaker 2: a heap of them, and there have been a number

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Speaker 2: of absolute bangers.

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Speaker 3: George, okav I have not been in the Facebook group

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Speaker 3: for a while, so I need to hear these. Lay

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Speaker 3: them on me please.

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Speaker 2: For a woman who works in social media, you spend

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Speaker 2: a significant amount of time not on social media. It's

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Speaker 2: honestly impressive, George. But first one g is from our

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Speaker 2: friend Carly, and I say our friend because she pops

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Speaker 2: up in the She's on the money community relatively consistently

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Speaker 2: and has done for I would say the last few years.

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Speaker 2: So super appreciate you, Carly. But I thought this was

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Speaker 2: a good money win. She said, I earned enough points

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Speaker 2: on the internal recognition rewards system at work to redeem

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Speaker 2: one hundred and twenty dollars worth of Wooly's vouchers. That's

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Speaker 2: her weekly grocery shop done.

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Speaker 3: Not perhaps I don't what's an internal rewards thing in

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Speaker 3: but it must be like Flybys or something. But for

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Speaker 3: your job, amazing.

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Speaker 2: How good is that? I don't have that?

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Speaker 3: I'm sorry, do we have that? She's on the money.

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Speaker 2: We're going to move on. The next money win was

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Speaker 2: from Anna, and Anna is a new friend in our community,

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Speaker 2: and her money win is about botox, but not in

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Speaker 2: the way you would think. She said, I have a

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Speaker 2: medical condition that requires botox injections. I had moved out

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Speaker 2: since my last lot and had to find a new dermatologist.

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Speaker 2: She said she rang about five clinics in the fifth

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Speaker 2: one which happened to be closest to her house and

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Speaker 2: had the earliest appointment. If that's not a sign. I

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Speaker 2: don't know what it is. Only charges for the reduced

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Speaker 2: PBS cost of the units of botox, which means she

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Speaker 2: didn't have to pay any specialist fee and no partial payments.

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Speaker 2: She went this week from paying over six hundred dollars

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Speaker 2: a year for her botox injections to now forty bucks. Yeah,

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Speaker 2: that's a money win.

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Speaker 3: That is a money win.

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Speaker 2: That's so geez.

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Speaker 3: Speaking of botox, b this is a little segue. I

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Speaker 3: did a union assignment on botox quite recently, little mini documentary.

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Speaker 3: Oh not about like medical botox. Well, I've just noticed

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Speaker 3: a lot of people around me at the moment are

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Speaker 3: getting botox and I'm in my twenties, as.

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Speaker 2: You know, that's relatively normal. I feel my friend group

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Speaker 2: does it. That's the main thing.

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Speaker 3: That's the thing.

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Speaker 2: Spoiler, I do it. So it's not a sacret. It was.

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Speaker 3: It was really really interesting to look into it and

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Speaker 3: how common it is and why that is. Anyway, Please

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Speaker 3: no one google it because it was kind of awful.

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Speaker 3: Got an HD though, so that's what counts. Sorry to

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Speaker 3: make that about me, sor tell me our next money

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Speaker 3: win please?

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Speaker 2: All right? So next oney win is from Emily Jade

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Speaker 2: and Emily says, I had twenty two thousand dollars owing

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Speaker 2: on my car at the start of the year, and

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Speaker 2: yesterday I paid it off fully.

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Speaker 3: Where did you say, how did you get any tips?

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Speaker 2: No? Maybe we should follow up a message. Excuse me,

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Speaker 2: what is going on the next one. I can't say

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Speaker 2: that this will apply to me because, as you know,

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Speaker 2: g I'm probably not very likely to walk into your

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Speaker 2: local butcher. But our friend Jess had a money in.

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Speaker 2: She said, My partner and I recently had a really

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Speaker 2: rude experience at our local butcher, but we try to

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Speaker 2: support locals, so I have continued to go there despite

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Speaker 2: our bad experience. We went back again on Saturday and

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Speaker 2: the same rude lady was there serving us. However, when

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Speaker 2: she went to enter the amount into the f FOS machine,

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Speaker 2: she only charged us four dollars twenty four instead of

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Speaker 2: forty two dollars forty. She didn't know, she said, usually

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Speaker 2: I'd go back and pay the difference, because we didn't

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Speaker 2: realize till we got home. We just tapped our cards.

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Speaker 2: But given the experience, she's not going to and she's

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Speaker 2: taking it as a small win for her continued support

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Speaker 2: of their business.

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Speaker 3: It's karma baby overall trying to be good people.

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Speaker 2: So I was like, you know what I feel like?

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Speaker 3: That's gramahm, definitely definitely love that one. Butchers are usually

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Speaker 3: so lovely, don't you think it's quite confus can't say

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Speaker 3: I go into the butcher very all right, vegan Vegan

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Speaker 3: because this.

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Speaker 2: Muddy winji is the last one I'm going to share

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Speaker 2: with you today before we go to a quick break.

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Speaker 2: But it's got something to do with diceon vacuum cleaner,

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Speaker 2: so I thought i'd leave the best to last. Wait

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Speaker 2: for it, she said, money win. I've been eyeing off

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Speaker 2: a dice in vacuum cleaner for so long, and recently

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Speaker 2: I played one of those arcade games at time Zone

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Speaker 2: and she won, and it arrived the other week. The

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Speaker 2: retail price for the disons five ninety nine. And because

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Speaker 2: she got it playing the game, she got it for

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Speaker 2: three bucks.

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Speaker 3: What the devil?

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Speaker 2: A three dollar dice in Georgia.

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Speaker 3: Key time Zone first of all times, baffling that time

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Speaker 3: Zone is still with us, But oh my gosh, that's incredible.

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Speaker 2: I didn't expect anybody to say, you know what, went

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Speaker 2: to time Zone got a dice with a Dyson. You

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Speaker 2: cannot say that time Zone is not keeping up with

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Speaker 2: the demographic that it initially engaged with.

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Speaker 3: Exactly like his story.

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Speaker 2: George, I think you and I when we were a

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Speaker 2: bit younger, we'd go to time Zone after school, get

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Speaker 2: some slime or like those slappy, strappy hands, you know

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Speaker 2: what I'm talking about.

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Speaker 3: Puss.

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Speaker 2: Now they're like, oh, these guys closer to thirty than

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Speaker 2: they are twelve. They want it's upgraded. I really like it.

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Speaker 3: That's hilarious.

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Speaker 1: Love it.

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Speaker 2: We're going to talk about property in a hot second,

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Speaker 2: but let's go to a quick break before then. All right, George,

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Speaker 2: we are back, and this week you've been asking me

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Speaker 2: a lot about property. You said that you saw something

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Speaker 2: on Instagram and you wanted to talk to me about it.

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Speaker 2: But in true victory divine form, I was like, no,

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Speaker 2: we're not going to talk about it. You're going to

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Speaker 2: hold this back for the show.

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Speaker 3: We're going to talk about it on the mics.

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Speaker 2: Yep, George, what did you find this week? What property

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Speaker 2: questions did you have for me? Because I'm absolutely certain

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Speaker 2: that you're probably not the only one that has these

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Speaker 2: property questions.

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Speaker 3: Okay, So I was scrolling the gram and I came

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Speaker 3: across the Daily Oz Friends of the show incredible Instagram

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Speaker 3: accountant Zara's a wizard. They make news digestible. Yeah, it's amazing. Anyway,

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Speaker 3: there's this graphic which says house prices in Australia have

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Speaker 3: increased by about twenty two percent in the past year.

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Speaker 3: Twenty two percent. It definitely feels like that, but that

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Speaker 3: is a huge jump. Fee.

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Speaker 2: That is a pretty significant jump. G And if you're

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Speaker 2: already in the property market, you're probably pretty happy about it.

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Speaker 2: But if you're not in the property market already, like yourself,

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Speaker 2: G and at some point you know you want to purchase,

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Speaker 2: that's probably a pretty discouraging thing to see.

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Speaker 3: It is made well and you're you're in there, So

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Speaker 3: I'm happy for you. I'm not at all jealous. But

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Speaker 3: it's just when you do see stuff like that, it

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Speaker 3: just it makes the dream further and further away. But

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Speaker 3: I'm wondering, like, will it just keep on increasing or

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Speaker 3: is it reaching now such a height that it can

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Speaker 3: only go down? Like, help help a gal out.

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Speaker 2: Help a gal out? All right, so I'm on it.

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Speaker 2: Economists have said that by the end of the year

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Speaker 2: it will surge by twenty two percent, and I'd already

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Speaker 2: hear that, which is the news that you're talking about.

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Speaker 2: But they've also said that they can see a gradual

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Speaker 2: easy on the way. I think that over the last

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Speaker 2: twelve eighteen twenty four months, we've been in a pretty

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Speaker 2: we've been in a pretty prickly situation with COVID and

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Speaker 2: everything going on. I mean, the lower interest rates during

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Speaker 2: the pandemic were absolutely seized by property hunters. They were like, heck, yes,

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Speaker 2: let's get into the market. They're going to be lower

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Speaker 2: repayments and obviously better return on our money and what

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Speaker 2: we're investing. So I think that a lot of people

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Speaker 2: who had been saving up for holidays or you know,

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Speaker 2: travel or whatever they wanted to do instead of property,

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Speaker 2: We're like, well, now I've got all this money sitting here,

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Speaker 2: I'm just going to invest it into property because it

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Speaker 2: seems like a reasonable thing to do. And the thing

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Speaker 2: that drives property prices g is demand. So the more

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Speaker 2: people that want property, the more the price is going

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Speaker 2: to increase. So it's not surprising that this has happened

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Speaker 2: during a period of time where we literally couldn't leave

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Speaker 2: the country and a lot of people who do have

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Speaker 2: a lot of money, We're like, well, what else is

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Speaker 2: there to do?

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Speaker 3: So do you think, THENVI, that that is probably more

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Speaker 3: people who are buying their second or third homes rather

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Speaker 3: than first home buyers like me who just can't manage

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Speaker 3: to crack the market.

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Speaker 2: No, not necessarily. So we're seeing it across the country.

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Speaker 2: It's not just in those higher priced homes. But earlier

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Speaker 2: this month, and I say earlier this month, it's the

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Speaker 2: first of the month today, mid last month, gee, we

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Speaker 2: saw a statistic come out that said prospective home buyers

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Speaker 2: are going to be hit with increased median house prices

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Speaker 2: in Sydney of three hundred thousand dollars this year, which

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Speaker 2: took Sydney's average house price to one point three million

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Speaker 2: dollars for the very first time. Is that not crazy?

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Speaker 2: Those numbers make me want to be sick. But furthering that,

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Speaker 2: other research also showed us that the Australian housing market,

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Speaker 2: as I said before, increased, but it actually increased by

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Speaker 2: seventeen point six percent of the first nine months of

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Speaker 2: twenty twenty one, and that growth rate has literally not

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Speaker 2: been seen since June nineteen eighty nine. So g in

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Speaker 2: our lifetimes We've never seen such significant increase in the

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Speaker 2: housing price market.

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Speaker 3: Like what literally that it just makes me feel flat

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Speaker 3: v Like I'm so happy for everyone that has a home,

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Speaker 3: but ah, the highest has been in our lifetime.

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Speaker 2: Like maybe like, oh yeah, look, I don't think it

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Speaker 2: is the worst thing to happen, though. I think we

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Speaker 2: need to understand that this is a market as well.

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Speaker 2: It's not something that is stagnant. It's not like when

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Speaker 2: they increase it's like a price increase of bread, right,

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Speaker 2: So like this is not inflation where you know, in

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Speaker 2: nineteen eighty nine, maybe bread was like fifty cents or

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Speaker 2: a dollar or whatever it is. And now when we

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Speaker 2: walk into the supermarket, g if you want to slab

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Speaker 2: a wonder why it's going to cost you four dollars

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Speaker 2: fifty or whatever it is. It's that what wonder way

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Speaker 2: it costs? I don't know how it feels from free life,

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Speaker 2: but that's what we call inflation, Whereas that's not what's

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Speaker 2: happening in the property market. What we are seeing in

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Speaker 2: the property market is demand is increasing and therefore prices

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Speaker 2: are increasing, and demand and prices of property are only

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Speaker 2: going to exist as long as people want to purchase it.

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Speaker 2: Whereas once this tape is off a bit, everyone's going

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Speaker 2: to be in a situation where're like, do I actually

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00:18:16,840 --> 00:18:18,879
Speaker 2: want properties? That what I'm going to do? People are

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Speaker 2: going to start being able to travel again, We're going

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Speaker 2: to read gig our priorities, and I genuinely think we'll

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Speaker 2: see a dip in the way housing prices have increased.

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Speaker 3: What about the like where they've increased, because I know

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Speaker 3: down here, I'm down at my mum and Dad's recording

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Speaker 3: today and the houses down here by the beach have

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Speaker 3: just gone. It's crazy. What is selling for a million

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Speaker 3: dollars now?

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Speaker 2: It is insane to think. But again I think that's

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Speaker 2: relatively lifestyle driven. Like we're not talking about beach shacks

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Speaker 2: if we can go to Italy, whereas over the last

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Speaker 2: eighteen months we haven't had that option, and the people

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Speaker 2: who could afford that are like, we better get a

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Speaker 2: beach house. We've got to get somewhere that we can

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Speaker 2: work remotely from. I think there's a lot of change

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Speaker 2: going on, and that's okay, Like change is good, but

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Speaker 2: I think we also need to remember that while housing

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Speaker 2: prices increasing, as you said before, by twenty two percent,

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00:19:13,240 --> 00:19:16,040
Speaker 2: our income is not increasing in the same way. Like

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Speaker 2: I mean, there have actually been a few people in

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Speaker 2: the Sheese on the money community they've been like, oh,

404
00:19:19,480 --> 00:19:23,600
Speaker 2: double my income. But those are the outliers. But unless

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Speaker 2: our incomes across the board are all of a sudden

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Speaker 2: going to change to match this increase in pricing of

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Speaker 2: the property market, it's not actually going to be sustainable change.

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Speaker 2: Like imagine if we're in a situation where that just

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Speaker 2: becomes the norm. We know that the interest rates over

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00:19:40,160 --> 00:19:43,080
Speaker 2: the next few years are going to increase. We've seen

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00:19:43,119 --> 00:19:45,639
Speaker 2: it at an all time low, and it's not going

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Speaker 2: to be sustainable. It's not going to exist forever. It's

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Speaker 2: like remember when we're recording g like probably like eighteen

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Speaker 2: months ago now, and you and I were like, oh

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Speaker 2: my god, up bank has an interest rate of two

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Speaker 2: point five percent. Money win that is so good? Noways

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00:20:00,119 --> 00:20:02,840
Speaker 2: doing that anymore? Because it's not sustainable because of the

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Speaker 2: way the market works. So these things come and go

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Speaker 2: and they change. But I don't want you guys to

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Speaker 2: be disheartened by the fact that you're not in the

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Speaker 2: market and that it's significantly increased. Put your blinkers back on.

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Speaker 2: Keep saving. You will be on the pathway, you will

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Speaker 2: be set, you will be fine. It is something that

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Speaker 2: we just need to watch stagnate over time, because I

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Speaker 2: think things have gone relatively crazy recently.

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Speaker 3: One hundred percent. Just to add to that, Vee the

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Speaker 3: second little slide from The Daily Oz said that according

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Speaker 3: to Tim Lawless from Core Logic, that housing prices continue

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Speaker 3: to outpace wages by a ratio of about twelve to one.

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Speaker 2: Yes, which is crazy. Exactly can you imagine a world

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Speaker 2: where it becomes the norm to be paying twelve times

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Speaker 2: your income is a purchase price for a property?

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Speaker 3: Gapes, I don't have to imagine it. That's where we're living,

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Speaker 3: I know.

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Speaker 2: But like, it just seems wild, and it does make

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00:20:57,560 --> 00:21:00,000
Speaker 2: me want to prompt you guys to think, if property

437
00:21:00,200 --> 00:21:02,080
Speaker 2: something that you're doing just because you think you need

438
00:21:02,119 --> 00:21:03,919
Speaker 2: to do it because it's like the right thing and

439
00:21:03,960 --> 00:21:06,800
Speaker 2: it's the way of the world. Think again, Like, you

440
00:21:07,040 --> 00:21:10,480
Speaker 2: have so many investment options, so many different ways to

441
00:21:10,560 --> 00:21:13,280
Speaker 2: create wealth. If you want a house, great, let's work

442
00:21:13,320 --> 00:21:16,000
Speaker 2: towards that. But I think we really need to remove

443
00:21:16,040 --> 00:21:18,919
Speaker 2: the pressure from people who haven't bought houses yet to

444
00:21:18,960 --> 00:21:20,800
Speaker 2: buy them if that's not even in line with their

445
00:21:20,880 --> 00:21:23,240
Speaker 2: values or what they want to do. George, you and

446
00:21:23,320 --> 00:21:26,440
Speaker 2: I did an episode recently what feels recent I think

447
00:21:26,440 --> 00:21:28,760
Speaker 2: it was like a month ago now on renting for

448
00:21:28,840 --> 00:21:31,720
Speaker 2: life and how that can impact your life and what

449
00:21:31,720 --> 00:21:35,000
Speaker 2: that actually means, and that that's actually a really valid

450
00:21:35,040 --> 00:21:37,879
Speaker 2: way of living and it doesn't mean you're not creating wealth,

451
00:21:38,160 --> 00:21:41,159
Speaker 2: whereas I think there's still this stereotype that if you

452
00:21:41,200 --> 00:21:44,280
Speaker 2: don't purchase a house, you're not financially successful one hundred percent,

453
00:21:44,320 --> 00:21:47,040
Speaker 2: and that's not the case at all, absolutely not. Well,

454
00:21:47,080 --> 00:21:49,560
Speaker 2: you were saying that that is actually an investment strategy

455
00:21:49,560 --> 00:21:51,439
Speaker 2: for a lot of people that they're using renting to

456
00:21:51,480 --> 00:21:54,760
Speaker 2: their advantage. Yeah, I've got clients who are like, I'm

457
00:21:54,760 --> 00:21:56,760
Speaker 2: not going to buy Victoria. I just don't want that

458
00:21:56,840 --> 00:22:00,040
Speaker 2: type of commitment. We're just going to aggressively invest in

459
00:22:00,160 --> 00:22:02,320
Speaker 2: an apartment in the location that we want to live.

460
00:22:02,440 --> 00:22:04,520
Speaker 2: I've got a couple of clients who rent full blown

461
00:22:04,600 --> 00:22:07,480
Speaker 2: houses that are gorgeous with pools because they're like, we

462
00:22:07,480 --> 00:22:09,199
Speaker 2: don't want to pay the maintenance on that pool, like

463
00:22:09,320 --> 00:22:11,720
Speaker 2: for breaks, Like that's not in line with our values.

464
00:22:11,760 --> 00:22:14,960
Speaker 2: I'm like, get it, that's fantastic, but I think we

465
00:22:15,080 --> 00:22:18,000
Speaker 2: really need to be breaking this stereotype that to be

466
00:22:18,560 --> 00:22:22,560
Speaker 2: successful or to be financially stable, we need to own property,

467
00:22:22,560 --> 00:22:25,160
Speaker 2: because it's twenty twenty one and we absolutely do not.

468
00:22:25,560 --> 00:22:29,280
Speaker 3: Love that woman. Okay, so before we've round off today's

469
00:22:29,320 --> 00:22:31,400
Speaker 3: show VD, I wanted to ask you a question from

470
00:22:31,440 --> 00:22:34,359
Speaker 3: the community. Now we are thinking, guys of in our

471
00:22:34,400 --> 00:22:37,200
Speaker 3: Friday Drinks episode bringing back the money questions that V

472
00:22:37,320 --> 00:22:40,159
Speaker 3: and I did back in the day. So if you're

473
00:22:40,200 --> 00:22:42,399
Speaker 3: interested in that, let us know, but I'll put the

474
00:22:42,440 --> 00:22:45,520
Speaker 3: call out on Facebook, so keep your eyes peeled. Anyway

475
00:22:45,560 --> 00:22:48,880
Speaker 3: to this week's question B. It is from the lovely

476
00:22:49,080 --> 00:22:53,040
Speaker 3: Shaye Lee. So she has asked what is the minimum

477
00:22:53,040 --> 00:22:56,000
Speaker 3: amount that a first home buyer could be earning slash

478
00:22:56,080 --> 00:22:59,960
Speaker 3: have in their savings to approach buying or building a house.

479
00:23:00,480 --> 00:23:03,000
Speaker 3: Obviously it's going to vary depending on the type of

480
00:23:03,000 --> 00:23:05,160
Speaker 3: past you're looking at and where in Australia you are.

481
00:23:05,560 --> 00:23:08,680
Speaker 3: But the majority of our listeners are in Melbourne and Sydney,

482
00:23:08,880 --> 00:23:11,840
Speaker 3: so we're going to say that the houses they're looking

483
00:23:11,840 --> 00:23:15,040
Speaker 3: at are probably between what's six hundred and a million

484
00:23:15,240 --> 00:23:16,000
Speaker 3: at this point.

485
00:23:16,400 --> 00:23:19,440
Speaker 2: Yeah, and it's really hard to answer that question. I'm

486
00:23:19,480 --> 00:23:21,720
Speaker 2: such a pest on this show. Honestly, why do you

487
00:23:21,760 --> 00:23:22,160
Speaker 2: come here?

488
00:23:22,560 --> 00:23:22,720
Speaker 3: No?

489
00:23:23,000 --> 00:23:26,120
Speaker 2: But more seriously, it's really going to depend on your

490
00:23:26,160 --> 00:23:28,560
Speaker 2: cash flow situation whether you have a guaranteur or not.

491
00:23:28,680 --> 00:23:31,280
Speaker 2: Let's pretend you don't have a guaranteur, because that is

492
00:23:31,280 --> 00:23:34,520
Speaker 2: a privilege that not many people actually have. Albeit banks

493
00:23:34,560 --> 00:23:37,520
Speaker 2: make it sound like every second person has a guaranteur

494
00:23:37,640 --> 00:23:41,160
Speaker 2: on the mortgage they take out, like apparently everybody's parents

495
00:23:41,160 --> 00:23:43,760
Speaker 2: are helping, when in reality that is not the case.

496
00:23:43,840 --> 00:23:45,200
Speaker 3: Interest but that is okay.

497
00:23:45,800 --> 00:23:48,440
Speaker 2: So when it comes to how much you need in savings,

498
00:23:48,520 --> 00:23:51,960
Speaker 2: obviously the ultimate goal is twenty percent, and we can

499
00:23:52,040 --> 00:23:55,199
Speaker 2: talk about that as being the OG. The reason for

500
00:23:55,320 --> 00:23:58,520
Speaker 2: that is because if you have a twenty percent deposit saved,

501
00:23:58,640 --> 00:23:59,840
Speaker 2: you're not going to be in a position where you

502
00:23:59,840 --> 00:24:03,280
Speaker 2: have to pay LMI, which is lenders mortgage insurance, and

503
00:24:03,359 --> 00:24:07,680
Speaker 2: lender's mortgage insurance does not protect you, it protects the bank. Yes,

504
00:24:07,760 --> 00:24:09,800
Speaker 2: you can put it on your mortgage, which means that

505
00:24:09,920 --> 00:24:12,679
Speaker 2: some people are actually able to secure mortgages for as

506
00:24:12,680 --> 00:24:16,040
Speaker 2: little as five percent deposit, and with some new schemes

507
00:24:16,080 --> 00:24:18,720
Speaker 2: that are coming up, even like three percent deposit, which

508
00:24:18,760 --> 00:24:22,560
Speaker 2: is really cool, but it's not necessarily how much you're

509
00:24:22,600 --> 00:24:26,040
Speaker 2: having savings, it's actually what your cash flow looks like.

510
00:24:26,520 --> 00:24:29,159
Speaker 2: So I've said before on the show that I've worked

511
00:24:29,160 --> 00:24:33,159
Speaker 2: with people who have half a million dollar incomes and

512
00:24:33,240 --> 00:24:35,640
Speaker 2: banks won't lend to them. And the reason banks won't

513
00:24:35,720 --> 00:24:38,159
Speaker 2: lend to them is because of their cash flow situation.

514
00:24:38,720 --> 00:24:42,600
Speaker 2: And when I say cash flow situation, g I mean

515
00:24:43,119 --> 00:24:46,560
Speaker 2: that you are spending less than you are earning, so

516
00:24:46,600 --> 00:24:48,600
Speaker 2: you can prove to a bank that you've got some

517
00:24:48,720 --> 00:24:53,080
Speaker 2: disposable income that you could allocate towards paying their loan back.

518
00:24:53,440 --> 00:24:55,840
Speaker 2: We're not here talking about like, oh, well, you actually

519
00:24:55,920 --> 00:24:58,480
Speaker 2: you need to have an income of a minimum of

520
00:24:59,000 --> 00:25:02,000
Speaker 2: one hundred thousand dollars, because that's actually not the case

521
00:25:02,040 --> 00:25:05,479
Speaker 2: at all. I've seen people be approved for mortgages when

522
00:25:05,480 --> 00:25:09,359
Speaker 2: they're casual employees and they just work weekends. But the

523
00:25:09,480 --> 00:25:13,040
Speaker 2: situation is different for everybody. And when I say that,

524
00:25:13,119 --> 00:25:15,680
Speaker 2: I'm not saying, oh, the situation is so different you

525
00:25:15,920 --> 00:25:18,880
Speaker 2: like I couldn't comment on it. It's more okay, if

526
00:25:18,880 --> 00:25:20,879
Speaker 2: you are a casual employee and you do want to

527
00:25:20,880 --> 00:25:23,200
Speaker 2: purchase a home, that situation is going to be really

528
00:25:23,240 --> 00:25:27,200
Speaker 2: different than a dual income family who has two incomes

529
00:25:27,200 --> 00:25:29,560
Speaker 2: of one hundred grand, because they're going to actually get

530
00:25:29,600 --> 00:25:32,959
Speaker 2: to that goal much faster than you. You might actually

531
00:25:33,040 --> 00:25:36,280
Speaker 2: spend ten or twelve years saving up for a deposit,

532
00:25:36,440 --> 00:25:39,120
Speaker 2: and that's totally fine. In this day and age. That's

533
00:25:39,200 --> 00:25:42,520
Speaker 2: actually really normal. It's not normal for people. And I

534
00:25:42,560 --> 00:25:44,280
Speaker 2: know we had a money when like this before, So

535
00:25:44,320 --> 00:25:46,919
Speaker 2: I do apologize emily, because as much as that's a

536
00:25:46,960 --> 00:25:49,880
Speaker 2: really really impressive thing to do, not many people can

537
00:25:49,960 --> 00:25:53,440
Speaker 2: save twenty two thousand dollars in one year. So if

538
00:25:53,440 --> 00:25:55,240
Speaker 2: you're in that situation where it's going to take eight

539
00:25:55,280 --> 00:25:57,399
Speaker 2: to ten or ten to twelve years to save for

540
00:25:57,440 --> 00:26:00,720
Speaker 2: your first home, that's cool. Save for that, But then

541
00:26:00,880 --> 00:26:03,600
Speaker 2: it's going to be about the purchase price of your property.

542
00:26:03,880 --> 00:26:06,520
Speaker 2: So if you're you know, let's say, g you're earning

543
00:26:06,600 --> 00:26:09,720
Speaker 2: sixty five thousand dollars and you're in a situation where

544
00:26:09,720 --> 00:26:12,200
Speaker 2: you want to purchase a one point three million dollar property,

545
00:26:12,840 --> 00:26:14,639
Speaker 2: I don't want to burst your bubble, but it's not

546
00:26:14,640 --> 00:26:16,639
Speaker 2: going to happen. And I say it's not going to

547
00:26:16,680 --> 00:26:19,600
Speaker 2: happen because even if you got to the point where

548
00:26:19,600 --> 00:26:22,520
Speaker 2: you had that deposit and you've worked your butt off

549
00:26:22,560 --> 00:26:25,399
Speaker 2: and literally you have hundreds of thousands of dollars in

550
00:26:25,440 --> 00:26:28,639
Speaker 2: the bank to put down as a deposit. You're not

551
00:26:28,640 --> 00:26:30,760
Speaker 2: going to be able to afford the repayments. Yeah, and

552
00:26:30,800 --> 00:26:33,639
Speaker 2: I don't want to be oh no, you can't afford it.

553
00:26:33,680 --> 00:26:34,960
Speaker 2: But at the end of the day, we need to

554
00:26:35,000 --> 00:26:37,199
Speaker 2: be really reasonable. And one of the things you can

555
00:26:37,320 --> 00:26:41,560
Speaker 2: do when setting goals, especially around money, and I always

556
00:26:41,600 --> 00:26:44,639
Speaker 2: say that you want to use that SotM goal setting methodology,

557
00:26:44,680 --> 00:26:46,480
Speaker 2: which is in my book and in my online course,

558
00:26:46,520 --> 00:26:49,800
Speaker 2: So go and look at those things. But you want

559
00:26:49,800 --> 00:26:52,800
Speaker 2: to be really reasonable. So Gee, the question isn't how

560
00:26:52,880 --> 00:26:55,160
Speaker 2: much do I need to have in my bank account,

561
00:26:55,400 --> 00:26:57,480
Speaker 2: but it's actually going to be how much can I

562
00:26:57,520 --> 00:27:01,240
Speaker 2: afford in loan repayments? Because if you have the deposit

563
00:27:01,400 --> 00:27:04,520
Speaker 2: and your set forget, let's pretend that's all out of

564
00:27:04,560 --> 00:27:08,160
Speaker 2: the way. If you're going to borrow a million dollars,

565
00:27:08,280 --> 00:27:10,840
Speaker 2: can you actually afford six grand a month to pay

566
00:27:10,840 --> 00:27:14,320
Speaker 2: that loan back? No? Okay, Well let's work out what

567
00:27:14,400 --> 00:27:17,120
Speaker 2: you can borrow. So if g we wanted to look

568
00:27:17,119 --> 00:27:19,600
Speaker 2: at purchasing, let's just say a four hundred and fifty

569
00:27:19,640 --> 00:27:22,720
Speaker 2: thousand dollars apartment and you've saved you know, fifty grand.

570
00:27:22,800 --> 00:27:25,560
Speaker 2: You've worked out that you're going to, you know, get

571
00:27:25,600 --> 00:27:29,000
Speaker 2: a nice loan of four hundred thousand dollars and you're

572
00:27:29,000 --> 00:27:30,960
Speaker 2: going to do a fixed two year loan of two

573
00:27:31,040 --> 00:27:34,520
Speaker 2: point h nine percent for thirty years, which is standard terms.

574
00:27:34,880 --> 00:27:37,800
Speaker 2: You're going to be up for about fifteen hundred dollars

575
00:27:37,880 --> 00:27:40,760
Speaker 2: a month in loan repayments. So if you hear that

576
00:27:40,840 --> 00:27:44,360
Speaker 2: amount and go, oh, Victoria, I can't afford that, well,

577
00:27:44,400 --> 00:27:47,040
Speaker 2: then we need to rejig what you're doing. So you

578
00:27:47,080 --> 00:27:49,320
Speaker 2: can do one of two things. You can reset your

579
00:27:49,320 --> 00:27:51,280
Speaker 2: goal and say, all right, well, Victoria, I'm going to

580
00:27:51,320 --> 00:27:53,639
Speaker 2: look for something different. I'm going to find a different

581
00:27:53,680 --> 00:27:57,080
Speaker 2: property maybe instead of that. What does three hundred thousand

582
00:27:57,119 --> 00:27:59,239
Speaker 2: dollars look like? And I would say, okay, gee, if

583
00:27:59,280 --> 00:28:02,000
Speaker 2: you just borrow three hundred thousand dollars and maybe you've

584
00:28:02,000 --> 00:28:04,560
Speaker 2: saved for a little bit longer, or you reset your

585
00:28:04,600 --> 00:28:08,200
Speaker 2: goal so that you're not buying something as expensive, you'd

586
00:28:08,200 --> 00:28:10,760
Speaker 2: be up for about eleven hundred dollars a month, which

587
00:28:10,800 --> 00:28:13,760
Speaker 2: is pretty significant in terms of differences in what you're

588
00:28:13,800 --> 00:28:17,399
Speaker 2: paying back. So it's not necessarily hey, how much do

589
00:28:17,440 --> 00:28:19,800
Speaker 2: I have to earn? It's actually how much can you

590
00:28:19,840 --> 00:28:23,880
Speaker 2: afford to payback? And go from there. So maybe your

591
00:28:23,880 --> 00:28:26,960
Speaker 2: budget is all right. I know that on my current income,

592
00:28:27,119 --> 00:28:30,960
Speaker 2: I could afford a loan of four hundred thousand dollars. Great,

593
00:28:31,080 --> 00:28:33,600
Speaker 2: let's work towards that. If you can afford three hundred

594
00:28:33,640 --> 00:28:37,240
Speaker 2: thousand dollars, great, let's work towards that. But if we're

595
00:28:37,280 --> 00:28:41,600
Speaker 2: talking about the median house price Georgia being one point

596
00:28:41,880 --> 00:28:45,720
Speaker 2: three million dollars in Sydney, let's just say you had

597
00:28:45,720 --> 00:28:48,040
Speaker 2: to guarantee George, which would mean that you wouldn't have

598
00:28:48,080 --> 00:28:50,120
Speaker 2: to put down a deposit, which means you would be

599
00:28:50,160 --> 00:28:53,120
Speaker 2: borrowing one hundred percent of the purchase price of that

600
00:28:53,240 --> 00:28:57,840
Speaker 2: property one point three million dollars as a loan. Again,

601
00:28:58,040 --> 00:29:01,400
Speaker 2: at two point h nine percent free a thirty year term,

602
00:29:01,840 --> 00:29:05,120
Speaker 2: it equals four thousand, eight hundred and sixty four dollars

603
00:29:05,200 --> 00:29:09,200
Speaker 2: a month. That's what people earn per month. That's their

604
00:29:09,560 --> 00:29:14,280
Speaker 2: entire income. Is that reasonable to expect people our age

605
00:29:14,360 --> 00:29:16,240
Speaker 2: to be paying that on a mortgage?

606
00:29:16,320 --> 00:29:17,000
Speaker 3: Absolutely not.

607
00:29:17,320 --> 00:29:19,440
Speaker 2: Yeah, exactly. So I think that we need to just

608
00:29:19,480 --> 00:29:23,440
Speaker 2: be reasonable and actually give ourselves a bit more context.

609
00:29:23,600 --> 00:29:25,840
Speaker 2: So when we say things like, oh, do you research

610
00:29:26,160 --> 00:29:29,840
Speaker 2: this is what we mean. Go google mortgage repayment calculator,

611
00:29:30,120 --> 00:29:33,479
Speaker 2: pick whichever one you want, and then have a bit

612
00:29:33,520 --> 00:29:35,160
Speaker 2: of a play around with it. Work out what the

613
00:29:35,240 --> 00:29:37,800
Speaker 2: repayments might look like. And if at the moment you're like, look,

614
00:29:37,880 --> 00:29:40,280
Speaker 2: I can't really afford that, but one day, you know,

615
00:29:40,440 --> 00:29:42,360
Speaker 2: in a few years, I might have my income go

616
00:29:42,440 --> 00:29:44,600
Speaker 2: from seventy thousand to eighty thousand, and then that's a

617
00:29:44,600 --> 00:29:48,040
Speaker 2: bit more feasible, then great, because don't forget that if

618
00:29:48,080 --> 00:29:50,520
Speaker 2: you're going to take eight years to save a deposit,

619
00:29:50,760 --> 00:29:53,680
Speaker 2: you're probably gonna have increased your income by then as well.

620
00:29:53,800 --> 00:29:56,040
Speaker 3: Yeah, that's true' Does that help?

621
00:29:56,120 --> 00:29:58,960
Speaker 2: Does that answer the question in a round about long way?

622
00:29:59,160 --> 00:30:01,960
Speaker 3: I think so. It's kind of just like, there isn't

623
00:30:02,040 --> 00:30:05,520
Speaker 3: really a minimum, but it's probably going to be more

624
00:30:05,520 --> 00:30:07,960
Speaker 3: than you think. Slash the deposit isn't the most important

625
00:30:07,960 --> 00:30:08,960
Speaker 3: piece of this puzzle.

626
00:30:09,160 --> 00:30:12,080
Speaker 2: No, and it absolutely isn't. And while we still need

627
00:30:12,120 --> 00:30:14,720
Speaker 2: to think about things like the deposit, one of the

628
00:30:14,760 --> 00:30:18,160
Speaker 2: most important factors of getting a mortgage is not necessarily

629
00:30:18,200 --> 00:30:20,680
Speaker 2: coughing up the money at the start, but proving to

630
00:30:20,760 --> 00:30:23,520
Speaker 2: a bank that you are a good person to loan

631
00:30:23,600 --> 00:30:26,719
Speaker 2: to and you actually can service that mortgage. And if

632
00:30:26,760 --> 00:30:30,240
Speaker 2: you've enjoyed this chat and want to talk more about property, George,

633
00:30:30,240 --> 00:30:32,800
Speaker 2: did you know that we have an entire property podcast.

634
00:30:32,880 --> 00:30:35,320
Speaker 3: I did hear a whisper of that, actually did.

635
00:30:35,480 --> 00:30:39,760
Speaker 2: It's called the Property Playbook, and we have an entire

636
00:30:39,800 --> 00:30:42,680
Speaker 2: community as well where we share money, tips and tricks

637
00:30:42,680 --> 00:30:47,880
Speaker 2: about property literally every single day. It's hilarious because someone

638
00:30:47,920 --> 00:30:50,680
Speaker 2: in the Facebook group the other day, George actually over

639
00:30:50,720 --> 00:30:53,480
Speaker 2: the weekend, they were like, oh my gosh. They submitted

640
00:30:53,480 --> 00:30:56,360
Speaker 2: a question and I approved it and it said, is

641
00:30:56,400 --> 00:30:59,920
Speaker 2: there any money podcasts, a books, or like any resources

642
00:31:00,720 --> 00:31:03,360
Speaker 2: that I could look at for property? Like does anybody

643
00:31:03,400 --> 00:31:05,480
Speaker 2: have anything? And I was like, hello, it is me.

644
00:31:06,320 --> 00:31:09,000
Speaker 2: I have another one and they were like what is

645
00:31:10,000 --> 00:31:12,160
Speaker 2: So if you haven't checked out the Property Playbook yet,

646
00:31:12,200 --> 00:31:15,120
Speaker 2: please do. I am co hosting that with Amy Lenardi,

647
00:31:15,280 --> 00:31:18,280
Speaker 2: who is a buyer's advocate who has bought and sold

648
00:31:18,320 --> 00:31:20,920
Speaker 2: more than a thousand properties in her time. Has she

649
00:31:21,160 --> 00:31:25,840
Speaker 2: just yes, it's crazy and she's young and you wouldn't

650
00:31:25,840 --> 00:31:26,960
Speaker 2: believe it, but she has.

651
00:31:27,200 --> 00:31:29,680
Speaker 3: Now it's a great listen guys, do have a listener

652
00:31:29,680 --> 00:31:31,400
Speaker 3: after this one. But v lord, I think that's all

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00:31:31,440 --> 00:31:34,280
Speaker 3: we have time for todays. That feels like a deep dive.

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00:31:35,080 --> 00:31:37,400
Speaker 2: Yeah, look, let's run away before we muck it all up.

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00:31:37,440 --> 00:31:41,040
Speaker 2: It's just been us so as always, just before we

656
00:31:41,120 --> 00:31:43,880
Speaker 2: head off, we'd like to acknowledge and pay respect to

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00:31:43,920 --> 00:31:48,280
Speaker 2: Australia's Aboriginal and Torres Strait Islander people's. They're the traditional

658
00:31:48,320 --> 00:31:51,680
Speaker 2: custodians of the lands, the waterways and the sky's all

659
00:31:51,800 --> 00:31:55,200
Speaker 2: across Australia. We thank you for sharing and for caring

660
00:31:55,240 --> 00:31:57,280
Speaker 2: for the land on which we are able to learn.

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00:31:57,680 --> 00:32:00,520
Speaker 2: We pay respects to elder's past and present, and we

662
00:32:00,560 --> 00:32:02,640
Speaker 2: share our friendship and our kindness.

663
00:32:02,920 --> 00:32:05,480
Speaker 3: And remember guys that the advice shared on She's on

664
00:32:05,520 --> 00:32:08,080
Speaker 3: the Money is general in nature and does not consider

665
00:32:08,200 --> 00:32:11,960
Speaker 3: your individual circumstances. She's on the Money exists purely for

666
00:32:12,120 --> 00:32:14,959
Speaker 3: educational purposes and should not be relied upon to make

667
00:32:15,000 --> 00:32:18,800
Speaker 3: an investment or a financial decision. And we promise Victoria

668
00:32:18,840 --> 00:32:22,880
Speaker 3: Divine is an authorized representative of Australia Pacific Funds Management

669
00:32:23,160 --> 00:32:26,320
Speaker 3: Proprietary Limited A B and THI for one three two

670
00:32:26,400 --> 00:32:29,320
Speaker 3: four six three two five seven AFSL three three nine

671
00:32:29,560 --> 00:32:31,240
Speaker 3: one five one.

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00:32:30,920 --> 00:32:31,720
Speaker 2: Catch your next week.

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00:32:31,720 --> 00:32:34,840
Speaker 3: I'll see you guys next week with more people. Yeah,

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00:32:35,120 --> 00:32:44,520
Speaker 3: us