your portfolio, those are the commercial property valuation based on rental income types of areas you might look.Bryce Foldaway Yeah. Mining Queensland, just ignore it.Ben Kingsley Yeah.Bryce Foldaway I mean there are too many bloodbath stories of people that are in mining towns. So Gladstones and Macks and we got to be careful about some of those dominated by mining. But if there’s a lifestyle element and mate.
That’s your baby up in Cairns,do you like them?Ben Kingsley Yeah. Well, the Cairn’s story is agriculture, retail, construction, tourism,right? And when you got a construction boom going on there, the world is a happy place because values go through the roof. That’s what we saw. The Cairn’s story is one of opportunity cost. So you’re basically bottom-feeding in a market that – that effectively.
The bottom fell out of.So property prices are what they were in , . So again, you’re cherry-picking the bottom. So it’s a little bit more speculative. I don’t like that word in property. But if you’re going in there, it’s higher risk, but potentially higher reward.Low Australian dollar. We will start to see the backpackers coming in and their parent swill follow them and we’ve got the Chinese dollar for tourism coming in. So medium to long term, there are some pockets of Cairns that I like.Some – just be careful of your costs around the holiday costs because you can get a ten percent yield which will turn into a five percent net once you pay all your costs.