Ann: Appendix 4C - quarterly, page-32

Marty, I am not sure the property market is really buoyant. It has come off from 2015 and 2016 where property was hot especially in Melbourne and Sydney. These market have cooled a little bit now. Perth has been problematic for a whilst Hobart for example has been running hot. Adelaide and Brisbane have been ok. So there is no one description that fits the property market, its broken into segments and geographies and each has there own characteristics.

I would have thought a 31% increase in growth was a good thing myself and considering the number of agents I think the number of sales achieved is fine, I'm personally looking forward to the contributions from
Nyko and Indo Pacific, I'm looking forward to seeing what benefits can emerge from the ISelect partnership,
I'm interested in what revenues can come in from the new IBN Loans business and IBN Realty. And I am definitely waiting to see if we can nab any further acquisitions.

So I'm in here for the long haul myself, this business in my mind is an emerging real estate business with over 6000 listings to boot, but everyone is different and have different criteria, if you feel happy with IBN then stay in, if not maybe you will sell out. In the end its your decision made for you by you. Good luck.