Alec

When we went through the crazy inflation period of 2022 and 2023, rates peaked at 4.35%.

So we're back.

We're back.

Exactly.

Well, commentary is that there could be more to come.

Of course, there's no guarantees, but with inflation rising and certainly sticky, and as we said, who knows what's going to happen with the Iran war?

It's not out of the question, but yeah, rates are 4.35%.

Well, rates aren't the only headlines here in Australia, Wren.

We've got the budget coming up next week.

Chalmers and Prime Minister Anthony Albanese have been on the road talking about what we can expect.

So we know what's coming for some things, but when it comes to the all-important housing policy, they're still somewhat a little bit elusive on what exactly is going to come.

Sort of no concrete.

I don't know enough about the property market to understand how quickly properties are being turned over.

I get it, but I would love to see some data that says that it is a short-term issue.

Do you know what I mean?

That people are selling things- Just in and out, in and out, trading, trading because of the 12 months.

I think it would be definitely more in stocks.

Well, I really hope they don't touch stocks because I would love to see more Australians engaged in the stock market.

And the more preferential tax treatment we can get on stocks versus property certainly helps our mission, at least, of trying to engage as many people as possible.

Even starting a business.