Paul: Three hundred and fifty thousand in today’s money is not going to get very far in the Sydney economy nor the Melbourne economy. But I think as we’ve already heard from Ian is that the original markets some specific sort of bigger satellite towns of 200,000 plus within two to three hours of some of our major cities are probably looking relatively attractive over the next two to four years. I think for me personally it comes down. If we’re looking at a long-term game, we can still look at something that’s going to give us five or five and a half percent gross yields, is still plenty of freestanding houses. Brisbane Adelaide themselves haven’t necessarily had stellar three four years however, Brisbane in particular is economy and population growth looks very decent over the next five years so there’s still plenty of markets within Brisbane. If you look at a freestanding house giving you a half decent cash flow that there’ll be opportunities. We’ve been buying as a company in Hobart for some time probably stopping that at the moment probably been for about two years but that’s a market which has seen obviously significant 30 percent growth increase in certain areas over the last two years. So there is going to be markets but I think Sydney and Melbourne probably off the cards from a cash flow and growth over the next five years. But there’s definitely other options out there. Host: Is there anywhere that you’d like the look of in regional New South Wales, and it would still be sort of commutable for Matt? Paul: Yeah look within that “commutable” that’s probably going to go down that way if you want to go check it out once a year and say look I’ve actually gone and tick the box and I saw my investment property the one time that I’ll ever actually go and do it realise it doesn’t need to happen. I probably said there’s property markets probably within Bathurst to Dubbo to Orange Region. I think that triangle there there’s probably some opportunities within that budget they’re probably seeing some good opportunities and will continue to do so. Nothing in the double-digit market but I think we’ve seen some steady performance. Right.

Host: Is it maybe a good idea to do some small modifications to the property in agreement with the tenancy and see what they would want to change about the property and whether they want to renegotiate the rent for a few improvements.

Paul Glossop: I think if I personally and I having to gone through this. I can’t count how many times I have gone through a similar scenario, where I have had a property of mine or even of a clients that comes up with an opportunity to say “Look we can either lock them into a long term lease” or we might say “Look it’s time to maybe give the place a polish and shine”. Whether that be a floor board paint or something that’s more major. Ultimately for me the bird in the hand is always better than two in the bush. If you got a tenant in play and if they are covering the rent, and they are good tenants, and they are giving your rent on a weekly basis. Paid consistency and they check out with regards to the monthly inspection then to Michaels point again, I think if you are going to have consistent tenants in there, to get them out just to do a small or even a major overhaul unless really that capital works is going to give you a two-fold return on your money. I would never see the value in it. So for me that opportunity to renovate will always be there but ultimately the tenants are there right now, they are giving you rent from day one, keep them in there, keep them happy and if you do have to do a couple of small things, whether it be fly screens, air conditioning anything that might make it a bit more probably potentially owner occupy style for them, which might give you a chance to up rent next time over. That would be the small things you could do whilst they are still living there, that you don’t have to evict them to do so.