It’s so easy to run I guess from any other distance look at different options and look and sea changes, tree changes etc. I mean, the truth be told young kids ideally, potentially in school and everything else is entrenched when you do have lives. I do like the opportunity to look and sea changes, tree changes most of the time as a father of two kids myself I know it’s more or less impossible looking at everything else that goes with it.

But if you look at the practical aspects for myself personally, I think Simon has already brought up a few key points there. It’s tough when you buy with the intention of then an owner-occupier to then say, well, it’s great in theory to hang on to it as an investment but practically it’s very difficult on how that plays out for me. I’d probably really want to sit down and see from an accountancy perspective, what are some good strategic property advice that might come from that as well as other mortgage brokerage perspective and looking at loans structures, outstanding debt, equity that may be available and then looking at different options that come there. Personally, I’m a big proponent of the whole rent-vesting cycle. I personally rent where I want to live. I’ve invested in multiple places elsewhere. It works for me. It works for my family. It might not work for most, but it also must be probably in place with the best strategic decisions.

Obviously, it must be capital gains, tax-free exemptions from that family home and really looking at where to appropriate that property or the money from that property best. But where we see the Sydney market personally, similar to what Simon said or Andrew said earlier in the segment, we’re probably somewhere in the middle. I think we’ve got a little bit further to slip. I think certain markets are probably going to do better than the others, places like Newtown inner city in that inner west of Sydney, probably in a better position from the overarching supply aspect. I don’t think in the free standing or at least the semi-detached dwellings aspects they’re not going to be running out of vogue anytime soon. So, I think they’re going to be well positioned if they choose to hold on.

But ideally, I would be getting an advice from if they sell what are the implications if they rent, what are the options? What is the difference in the cost versus actually having a tenant in there and the mortgage difference in between? And then effectively figure out where your money can work best for you and where you want to live long term. Yeah, those are your options.

Interviewer: So some big decisions for Amy there in Newtown.