and I look at it like if you want to be if you want to have a relationship with someone 30 years

well what do you need to do you you can't get to know them and then to know you you're personal

like it's got to go both ways and I mean these days in Australia no one buys their first time

and lives in it for 30 years it's a stepping stone for future goals.

You know, someone wants to expand a business or buy an investment property. It's not just like,

cool, here it is. It's like, well, okay, we could go down scenario one path. This is what it looks

like. There's pros and cons to that. Or we go scenario two. Now, it's going to cost you more here,

but it's going to be better off there.

People want to just, you know, bounce those conversations off someone.

Australia is the sixth largest country in the world in terms of land mass,

but just the 54th biggest country in terms of population.

Basic economic theory supply and demand would suggest then that properties were pretty cheap,

and that's before we take into account a discount that must surely be applied for living alongside

all the spiders and snakes and other things that want to

kill you down there. And yet, if you look at any lists of the highest property prices in the world,

you will see Sydney popping up in the top 10. If you adjust that list and look at how many times

the median income you would need to earn in order to buy the median house,

certainly goes right up into the top three or even the top two. The point is that when

Australians are buying a house is costing them a lot of money. And so when they look to fund that

purchase, they often do so fire a broker. Someone to bounce ideas off of and to guide them through a process

where the smallest mistake could cost them quite a lot of money.

In today's episode, I learned more about that landscape from Scott Baker, welcome to the show.

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