Patrick Berry
Hey its andrew Legget from RAMS Home Loans and I'm here with John McGregor from 4one4 Property Co and we are here to Invite you to our investment seminar.

John McGregor
We're really excited to put this on. We've been getting a lot of questions about the Chinese market, so what we're going to be doing is focusing on the bigger picture, how to invest and make decisions with your head, not your heart, and whether or not it's your first investment or you had a structured your loans to ensure that you maximize your profits over the long.

Patrick Berry
Term actually come along 30th. Most important, let go. He wasn't going to. I know you're listening. The property. All right, guys.

Aaron Horne
Welcome back to the property Pod. Your weekly engagement into real estate here in the Hobart marketplace. I'm your host, Darren Horn, and it gives me great pleasure to be back at the desk with my two boys. Where the boys are back in town, it's Patty Berry and John McGregor. Welcome back, team gentlemen.

Patrick Berry
Excited to be back. I feel like it's been forever since I visited the site.

Aaron Horne
It's been a red hot minute. Yeah, I think at the end of last episode I even said like, maybe I won't be here next week. Like suspend this rotation or roster of anything could happen and we're actually recording on a non day on a non regular day just because you won't be here.

Patrick Berry
Tomorrow is a real day like well over a month and I was starting to feel I might be replaced. So instead of being replaced, I thought I'd convince you to, to come in and not have an episode prepared and just talk. Yeah.

Aaron Horne
How I'm always there for that baby has lost.

John McGregor
It always has lost so well.

Aaron Horne
Give us a rundown why you won't be here. We always love hearing about the things that are happening in your life outside of real estate, even up to real estate podcast. It hit us.

Patrick Berry
With heading to Alice Springs tomorrow.

Aaron Horne
Alice Springs be warmer than where we are at the moment.

Patrick Berry
Only just. I was really excited thinking I was going up to you know, 35 degree heat and I really lovely weather apparently it's minus one overnight it's only going to get 78 stay with it. So yeah but.

John McGregor
You used to be wearing shorts. Yeah.

Patrick Berry
I'll be fine. Yeah. Yeah. So going up BMX racing, I was.

Aaron Horne
Going to say, what brings you to Alice Springs in the middle of the.

Patrick Berry
Year? My boy Parker is racing around four and five in the National Cup, so heading up there is awesome. Should be fun. But being the fact that you can only get to Alice Springs every second day means that we need to leave tomorrow to be able to race there on the weekend.

Aaron Horne
Okay, yeah. So you've got to kind of really plan out your venture to get there. Are there many other people from Tassie heading over?

Patrick Berry
I think there's about 15 or 16 people heading over will be the biggest group of Tasmanians that we've had at a national event. So really.

John McGregor
That's great.

Patrick Berry
Which is really funny because it's the most remote place, hardest one to get to. Oh yeah. And that's the one everyone chose to go to.

John McGregor
Because Tasmanians are hard core. So that's the difference there.

Patrick Berry
So I'd say you could have gone, you know, to Adelaide where it's nice and easy or has been where it was quite easy to get to, but no, everyone four times each has to go to Alice Springs.

John McGregor
So I suppose you're pulling apart the bits and pieces and chipping across and putting it back together. Is that the deal?

Patrick Berry
Yeah. So that's what I did last night. I packed them all up. They're actually in the bags at the front of the office at the moment, ready to go on the plane. So, yeah, it's not too bad. Takes about 20, 30 minutes per bike to pack them down, get them in the bag and then time to put them together.

John McGregor
So I like the idea like a go pack. It's got a manager in his, he's got his roadies, crew and everything. Yep. Walks around like a rock star.

Patrick Berry
Yeah. He's like, I'm off to bed, Dad. And I get to spend all night cleaning the bikes and pulling them apart. So, yeah, that's fun.

Aaron Horne
Nice, nice. I'm just thinking as you mentioning the the, the biggest contingent of Tasmanian riders heading over for the event, is that a sign that the sport is growing or just the. I've got a way that we can bring this around a property. What's happening with the sport here in, in Hobart and in Tassie.

Patrick Berry
Yeah, I think the sport is slowly growing. I think the fact that's been part of the Olympics for a few years now has definitely created some interest. Yeah, I think that BMX in general has become more popular after Logan Martin won the freestyle competition in the Olympics last year. Yeah, obviously different to what we do with racing, but it all gets kids onto bikes and you know, with our club we start raising the two years old.

Patrick Berry
So some of those parents that have decided to get their kids onto bikes normally start with us.

Aaron Horne
That's a cooler sort of thing to see them. Like I put them at the top of the hill, they're ready to go and they're just sitting there as tiny little just little things going to the gym.

Patrick Berry
And so I think then they learn the basic skills from us and then they progress into different areas. So yeah, it's been good. Definitely a growing sport society, the size of football or any of the mainstream sports. But yeah, it's definitely getting a bit of a reputation for being popular.

Aaron Horne
Well, now it's, it's interesting that, yeah, as you say Olympics and kind of yeah. That exposure to mainstream audience kind of builds the sport. I know that there's some change we've mentioned on the podcast before, but the, the facilities here in Hobart are changing.

Patrick Berry
So we're halfway through potentially moving to CRL, so they're putting a new track together for us. So we'll be leaving our home here in Barrett Island, heading over to Cyril for a brand new state of the art facility, which should be good in Pembroke Park, which is going to exciting as well because that's where all the other sporting things are.

Patrick Berry
So it's a nice touch.

John McGregor
That's insane too, because then that little pocket would be one of the most sort of condensed areas in the southern Thames for multiple different grounds of sport.

Patrick Berry
Yeah, well, you got football, you've got Nepal indoor basketball stadium, our skatepark. I think there's a soccer oval there as well. Yeah, yeah. It's literally just got this massive mix of all different sports in the one location, one.

John McGregor
Hundred per.

Aaron Horne
Cent. Okay, so this is where I thought we can spin this into a, into an episode. So this is a real hub of kind of bringing all of this sport and all this community to the area has got to be good for the growth of that area. Surely that's got to be something that says, hey, come here, let's I guess the urban sprawl spread to there.

Aaron Horne
The bypass through the airport is another thing that's making it easier for people to get to and from that area.

Patrick Berry
Yeah, definitely. They've just obviously improved the airport highway. They've improved the midway point connection there where you come across the causeway. They've just bypassed the rail a completely if you're heading down to Dodge's very port office and they've done a lot of work on roads down through that area and one can only assume it's because that area is growing so rapidly.

John McGregor
One of the ones that we're helping clients currently with a house at Dodges Ferry who are moving because they have to move because of family, not because they want to. Yeah. And when I was chatting to them, it this this seems to be a common story that no one actually seems to want to leave, like go further than surreal mist.

John McGregor
I really have to. So, you know, if they're in dodge as they, you know, you spend your weekends at Dodges, it becomes those, you know, regional towns or they would just use that or where you spend your weekend with barbecues and family and friends and you travel locally and you do outdoor elements. It's not like here in the town to party.

Aaron Horne
Yeah. And I guess it's that idea of Yeah, you're heading into the city kind of thing, like, oh, it's going to cost me so much run over back if I have one too many drinks is going to be so well. Let's make it our little hub here. I wasn't even at at a baby sensory class last week. Here we go.

Aaron Horne
This is.

John McGregor
A baby.

Aaron Horne
A baby sensory class. So. Yep. Basically took our seven month old. I took my seven month old to this class and there's all these mums there, there's two other dads but you know you just do little things with Yeah. With your little man to stimulate him and, and let him. But this lady had moved over from Sydney and her husband had lived in Kingston back in the day and now they've moved to Lindisfarne and he's just like she said, are you turning back into a Tasmanian because you don't want to travel to Kingston because it's not that much too far down the list?

Aaron Horne
And I was like, Oh man, I love Kingston, but I never go down there. Like, that's like going to Launceston. I get stuck, I'll never do it. And she's just like, you know, me coming here today, like I'll be stuck in an hour and a half traffic to get to this 30 minute center class. If I was in Sydney here like, you know, I literally left the house 5 minutes ago and now I'm here halfway across.

John McGregor
Yeah, yeah, yeah.

Aaron Horne
But it's the same with sorrow. It's really not that far away. Like there's ways to get there, but it's yeah, definitely this mindset of like, Oh no, I'm not leaving that place.

John McGregor
Well, that's the thing. All the mindset to the exact same. That's the same with the people that lived in Kingston. The same people live in the northern suburbs. I've everyone's got the same sort of mentality in that sense. But every time now these municipalities are growing to a much larger extent. And, you know, we'll just go back to the dodgy Siri example that used to be much just old shacks, whereas, you know, the house that we're praising for our clients like that was an old shack now converted into like an insane mansion home.

Aaron Horne
Yeah.

John McGregor
You know, and he had a big bar at the back and a second, second detached living area. And, you know, it was just it was amazing. And, you know, that's sort of the difference now where those areas have been transformed into their permanent residency rather than just, you know.

Patrick Berry
So there's also been a huge take up of people from New South Wales moving to Dodges Ferry because they still want to recreate that beach lifestyle that comes with sort of Dodges Ferry.

Aaron Horne
Yeah, of course you kind of you're on your on the coast and you're still living that kind of yeah.

Patrick Berry
Yeah. So there's been a huge amount of people relocate from Queensland, New South Wales to that area. For that reason they can still enjoy the weekend walks on the beach. Yeah, they're brave enough to go surfing. They can go go swimming as well. But like, yeah, it's just a really big community of people that love being outdoors down that way.

John McGregor
What was interesting for me when we saw a concert moving to Toowoomba and obviously you know, in the Hobart market we've seen definitely a change in year investors moving away from just buying the stand, you know, the one, one bedroom house broke the perception that there's going to be a long time before you see larger capital gains over a significant growth like we've had.

John McGregor
So the might be seeing more you know fast growth areas now. Yeah and I just went oh that's cool. I'll just try and reach out to a couple of colleagues out in the, you know, that area that was familiar with and just some of those regional areas and every single house was under contract. You know, there was maybe one that I could see just scrolling through the pages and pages with Toowoomba Central Highlands and everything was under contract.

John McGregor
And then I looked at the, the value proposition versus Hobart, Toowoomba and you know Glenorchy you know here being 550 to 600 they were still like 420 and so all of a sudden people will look at Hobart, you know, Glenorchy and now looking to those regional centers and going, holy moly.

Aaron Horne
So this is kind of that, yeah. Simon Presley from probably L.A. And he sent out an email just this morning saying he's Queensland worth looking into.

John McGregor
Looking back into Yeah well and then I went will put his hat on for when he told us and went hang on a minute.

Aaron Horne
Alright. He gave you a hat.

John McGregor
I borrowed it but.

Patrick Berry
I was going to ask him about it. This episode of Reckon.

John McGregor
Okay, what were the big things? You know, you know, jobs, education, hospitals, that kind of stuff. And like right in that center, like it ticked all those boxes. Yeah. But was, you know, like that's.

Patrick Berry
Cheaper and cheaper keys.

John McGregor
So trying to get myself out, it's weird, but then it's dry.

Patrick Berry
During the week. It's like you part of school.

John McGregor
I love that show. Studios What's the boohoo brothers? If you do, that's the best. That's the best Scooby-Doo film as far as I'm concerned. The two brothers back to Toowoomba had.

Aaron Horne
Cassette tape on Scooby Doo a few years.

Patrick Berry
Back, doing.

John McGregor
Yeah. So and then you know holy moly these guys are going to have a belly was will do really well for from here but I think they're going to be moving into a market where it's going to be really challenging to buy. Yeah. Because obviously they're in that, you know, multiple of a situation situations, everything's just moving so fast.

Aaron Horne
So almost like a shifting trend from where what's been happening here to they might be finding that in their marketplace while this marketplace corrects into kind of what's happening here. So absolutely that fluidity of the space and where it's at.

Patrick Berry
Yeah, yeah. I'll wait to see that shit now. It didn't catch me out.

John McGregor
Man.

Aaron Horne
What's the socialists?

John McGregor
It's surreal. Like, at the moment. Like, for for us here, just how much difference the negotiating, you know, landscape has been over the last six months. And even when I got back from the Philippines after that, my period. Yeah, in the last 3 to 4, you know, everything is certainly returning to that. I was watching from a different opinions of agents across the world actually makes me sound more intelligent than I am.

John McGregor
But it was, you know, quite simple. The one thing that seems to be quite true is everyone's it's moving back into the market where people are buying and selling because they have to now, because they feel like they have to buy, which is, you know, what would normally happen. The real estate cycle like yeah you know you upsizing, downsizing, family grows, you need to move for family reasons, etc. But it's also meant that a lot of these deals for us have been taking, you know, a lot longer.

John McGregor
And it's a lot, you know, a lot more challenging to do work in this industry, which is really exciting, you know.

Aaron Horne
Yeah. So I guess like looking from the outside, like the boots on the ground kind of it feels like there's a bunch more phone calls being made. Not like phone calls coming in saying like, I need to know about this probably right away. It's like I'm making the calls to be like, Hey, I think I've got this property that you'd be interested in reaching out to the buyers that you have in your database, kind of.

Aaron Horne
It does seem like. Yeah, the, the workload is changing. Yeah. Just from an optical look. How you finding it out there?

John McGregor
One of the ones I'd like was Sam in her office in terms of just some interesting experiences where actually is it's a little bit off topic, I guess, but it is out.

Patrick Berry
Is it ever on topic with you, John?

John McGregor
They just go, Yeah, the poor guy he is, he's more of a situations where the owners are interstate and the house is basically left abandoned for the most part, aside from young people living in it.

Aaron Horne
And what are you saying about young people?

John McGregor
Just I'm not telling what it was. I used to be one. I was a we'll just keep going. But he had he had a open home where the dad cleaned it up. But the the guys that were living there purposely went out of their way to trash the place and throw obstacles in the driveway to prevent him and the buyers from actually getting up into the property.

John McGregor
Yeah, well, he was he was he got there about, you know, 45 minutes, half an hour early. And he's sitting there slowly, you know, clearing the the driveway to actually get people to be able to move up into the property. In the meantime, the buyers are getting angry at him. So they're coming out doing this. What you know, what have to what it's like.

John McGregor
Guys, wouldn't you think that actually, if I was a buyer, I'd be thinking, oh, my God, look at this agent getting up here really, really early to clear the site in order to be able to make this happen.

Aaron Horne
So people yeah, yeah.

John McGregor
There's there's still the those are looking at it going, oh, my God, you're doing a terrible.

Aaron Horne
Job while he's got two other open homes to get to on that day and like rising from point A to point B to be like, I hope I can get they set up in time. Yeah, yeah. Very interesting.

John McGregor
But even then what we had what for contracts? Petra, you were able to help move together because all of their prices had to adjust to to basically pull it all together.

Patrick Berry
Yeah, I think that's where it's going to get interesting now moving forward is that it's not sold until the sold sticker goes up.

John McGregor
So yeah, the.

Patrick Berry
Offer that we signed off on the table sometimes we may have to do some creative work. And yeah, recently we had four deals are all relying on one property selling and we couldn't quite get that property where it needed to be. But simple solution was that we went in, spoke to all the other owners and spoke about a $5,000 reduction on each of the others and that made up the difference on the very last property to get everyone sold.

Patrick Berry
And, you know, everyone was more than happy to do it because it got the job done. But I think this is where agents have to get a little bit more creative in this marketplace to get deals together.

Aaron Horne
So this this is another thing I've been listening in on our phone calls is kind of this idea of the price adjustment and then kind of the discussion on how that goes. I just heard a while overhearing people talking on the phone, kind of this idea of, oh, we set the price. It offers over 500, for example.

John McGregor
Yeah.

Aaron Horne
It's not getting the interest that we want now to kind of put a little fire under the belly of the listing. We've got to drop it back down to you know offers over 480.

Patrick Berry
Mm. It's an interesting.

Aaron Horne
Site. Yeah. Do you want to lead off from here because it's obviously an interesting conversation to say like I want to put the price down, but it doesn't mean you're going to sell it for less.

Patrick Berry
Yeah, look, cranes are a great example of that. So we have that on the market. Did a price reduction on that, had it at 630,000, couldn't get it done. No one was really people were looking at it, but no one was coming back for a second. Loganholme was ringing up, wanting to make offers, were chasing people, and they're like, Oh, it's not for us.

Patrick Berry
So we made the decision with the owners to drop it to offers over 589 so quite a large drop in this marketplace. But from doing that we went probably I reckon about 100% increase in inquiries. I just went berserk. Yeah. And then from there we ended up with three offers and ended up with the final offer being $632,000.

Patrick Berry
And all it was was that at 630 people in their head were thinking because they're so used to this market, are they going to want condition six 5700 for it? Yeah, but it wasn't until we got it to the value where people were like, Oh, this is a great deal. Just like, I want this home. We created that sense of urgency, we created that competition and we ended up with three people all battling it out, wanting to secure the home and.

John McGregor
Then happy or, you know, having to go pay the price, which, you know, at the original asking, yeah, yeah. Which is surreal. And I remember, gosh, going back maybe 2015, 2016, there's a block of land we had in Leonard Valley Road and it was listed at 165. So this is the point where we're using fixed asking and prices.

John McGregor
So not necessarily offers over at the time. Yeah. So the then not zero interest, zero interest we you know with the owner, they gave us permission to advertise it at 155 and then we ended up at 173, you know, because all of a sudden there was just that hit that sweet spot and people psychology to think, okay, this is a, this is a reasonable opportunity.

John McGregor
And there's actually then they will find out exactly how much they want that. And if there's no that's what's so surreal about this industry is it's the psychology of it is really tough to navigate through.

Patrick Berry
Sometimes I think as a vendor, it's important to know when we come and ask for a price reduction or a price adjustment. It's not because we don't believe that your house is worth what we're trying to sell it for, what we're trying to do is get people through the door and make an offer so we can do what you've paid us to do, which is negotiate the price.

Patrick Berry
Yeah. So if we can't get an offer, we've got nothing to talk about with an owner. We might as well not have it on the market yet. And at the end of the day, you never have to accept an offer that you're not happy with, so there's no harm in it. Taking our advice and adjusting the price to see what happens.

Patrick Berry
Yeah, he's the way I sort of try to explain it to my owners because all I'm doing by asking you to drop the price is for me to go work harder for you to get the job done. All I'm doing is putting extra pressure on us as the agency to, you know, get you the offer that you're happy with and whatever it takes, basically.

Patrick Berry
But if we if we can't get people into the home, we can't.

John McGregor
It's just it's just it's positioning. Yeah. There's this idea. If you've got a dartboard, you're either in the market or you're on the market or in the market. And like, on the market is you can put any house on the market for any price you want. You're right. But technically where the market is, which is the buyer pool, you don't need it, you know, so you have to adjust to this.

John McGregor
You know where they are. Yeah.

Aaron Horne
Like that analogy.

John McGregor
And I know you.

Patrick Berry
Play Dodd. So John, what I'll do is I.

John McGregor
Just don't play down today. You lose in on that.

Aaron Horne
So try and.

John McGregor
Fit even from a purchase perspective when you know, we we are going back to buyers and saying, hey, are you still interested? Oh yeah, it really is like, well, what at what interest level you get, you know, this, you know, we are getting now people that are, you know, you could say trying it on but just, you know, throwing in low offers, hoping with some of it's going to stick.

John McGregor
And that's not necessarily a bad thing because sometimes with purchases you might have that, you know, the uncle that goes, oh, just, you know, I'd really like a yeah, but you just go in really hard, you know, just don't, you know, don't give them anything. And it's not to say that they won't pay the asking price, it's just that they had to another person over their shoulder saying, You need to come in hard first.

Aaron Horne
And that's the start of the progress process. And then you guys will get into work and be like, Look, we've got an offer. I think we can get it a bit higher to where you guys want it. And we'll do the we'll do our due diligence to, to work on it. It might start really low, but yeah.

John McGregor
What's that thing where you know instantly you get I've got asked by a buyer's agent now how would I handle negotiation, you know, how do we handle it? Because we were talking I asked them was investment seminar look, how do you handle the negotiations? There's two hats. Either you buying for invest or you might be buying for, you know, a home buyer.

John McGregor
So they're they're looking from two perspectives and from an investment. You said, Mike, I don't care if the numbers I play the game, I just throw out offers until you know, until it hits within my strategy. Yeah, fair enough. So they're just going to throw obviously they will have to make 50 offers to hit one, but they're getting very they're getting a very good deal because they're, you know, saving money in the purchase.

John McGregor
And he said, well, how would we defend it? And from our perspective, it's really about the understanding of the real value of the asset. So it might be in a particular market if we'll just use $600,000, for example, you're in a slow market, everyone's going a little bit harder. But Martin from our office had a great example of a property in Chapel Street where the owners were adamant in getting their 630.

John McGregor
And it's taken him several offers. You know, it's a few months at this point. But finally, finally, finally, they found the right buyer who had gone to, you know, 627. And he's just said, look, guys, just say no, they're probably going to come back at 630. Let's have that discussion. And of course, they counted and got the price at the owners we're hoping to defend.

John McGregor
Yeah, I tell you, like we present clients, demand is like not not we're getting this price. So he was like he was adamant as well that that this.

Aaron Horne
House this is the number that.

John McGregor
Value.

Aaron Horne
Yeah.

John McGregor
And he, you know, he defended it and you know, still still got a great result for him. But it takes a little bit of patience because I look at it that there's another line is like there's a price, there's a time the time there's a price, you know, and it's that if you.

Aaron Horne
Heard that one, I reckon I could make a supercut of that one. Yeah.

John McGregor
And if you need it, you know, if you need it sold within seven days. Okay, maybe defending your highest price is not a great idea, but if you've got four months to wait, well, you know, we can wait. Yeah. You know, it's just going to have to have a little bit of patience. And while, like these markets, I suppose, because this is where we start, they might like, you know, they are much more built on longer relationships that require a lot more finesse.

John McGregor
Yeah, nuance. Like you can't go oh that offer a fitted and then it's going to come back next. No, no, no. You got to you've got to work. You know you've got to work. And that requires more phone calls, more follow ups, because that buyer may look that has 30 days ago said, oh, what else he got you know, doesn't like a thing.

John McGregor
They realized nothing better has come along and now they're ready to go again. But they needed the phone call, the work call, you know, won't call you back.

Aaron Horne
So that's 100%. Yeah.

John McGregor
So from and from a buyer's look, this is a good market for you to try and secure a good deal. But just bear in mind that it's not always going to be as easy as you think if you want to do like that. Investor said in the end he had his numbers, but he knows he's going have to put down 50 offers before you actually hit something, you know?

Aaron Horne
Yeah, but he's obviously got his spreadsheet sorted out and he's just like, Look, this fits into my bracket and all the numbers line up. It's like, plan the stock exchange or something like that. Just, yeah, I'm looking for a straight.

John McGregor
Up numbers game. Yeah, no emotional attachment. Just it works. It works. If it doesn't, I'll go next.

Aaron Horne
There's a time and place and places.

John McGregor
Tom you that works.

Aaron Horne
Look, I know what I'm going to about today and we've Yeah. We've worked some gold into it. It's actually was was way more intellectual than I'd planned on. So I'm going to talk about BMX. I'm going to talk about catching up with my friends. I've got a barbecue this weekend.

John McGregor
Actually was your turn lost those fish on that mate. You've got a good weekend planned.

Aaron Horne
Yeah. No, I've got the old the dose versus the rest of the world barbecue trip on this weekend. So it's a bit like a Ryder Cup style all the all the boys we went to school with and a few more just kind of up there away from the kids, which are a bit nerve wracking, have been a bit unwell of of late.

Aaron Horne
So how do you.

John McGregor
Go like with a couple of days away. Yeah. Can you disconnect it.

Aaron Horne
After a few beers. You can, but you feel bad for the partner that's not going home with them and they caused by shaking his head.

Patrick Berry
And disconnecting, you know, the damage done at the door hit you on the way out. It gets easier.

Aaron Horne
I'll keep that in mind there. I looking forward to it. So yeah a few guys flying in from the mainland and yeah touch wood it's been great weather every year that we've done it so far we haven't had a bad one so.

John McGregor
Well, I know it's been a like hard couple of weeks for you guys to take photos, so hopefully by this time we can fix Randy's like, All right, sunshine, lollipops, you know.

Aaron Horne
Fingers crossed. But I mean, fingers crossed.

Patrick Berry
And sun and lollipop.

John McGregor
Oh, golf sticks and.

Patrick Berry
Golf clubs such on a golf course and.

Aaron Horne
Not know it. Only time will tell. All right, beautiful. Thanks for joining us on the February pod. Good luck in Alice Springs. Hope Park has a good time.

Patrick Berry
Bike riding will be good.

Aaron Horne
Awesome. Stay well, guys. And we'll be back next week for more property.

Patrick Berry
But until then, they have been listening to the property both recorded and edited by fall and for media.

Aaron Horne
House in conjunction with.

Patrick Berry
The Fall and Fall Property Code. This podcast is general information only and the thoughts of views expressed is the opinion of our panel and listeners should always then use their own investigation into any topic we discuss to ensure they fully understand their own situation. It does not constitute.

John McGregor
And should not be relied on as purchasing, selling, financial or investment advice or recommendations expressed or implied. And it should not be used as an invitation to take up any item or investment services. No investment decision or activity should be undertaken on the basis of this information without first taking qualified and professional advice.