Alice Stolz

And I think people who have seen all the peaks and troughs of the market sort of wisely sit back at this time and just say, look, everything's going to be okay, kids.

But I think it can feel quite scary.

But you have to remember that at the top of the market, things can feel quite scary in the way that prices rise so quickly.

And if you're a buyer trying to get into that market, it's absolutely scary.

At the moment, we're saying, oh, these poor owners are feeling scared because we're at what may be going towards the bottom of the market.

So, I just think we're in a downturn phase.

It will then stabilise and then it will eventually start to rise again and then we'll have another peak and we'll have the same script that we've had from the past few years will be repeated over and over again.

So, I mean, a lot of people really love buying during a falling market.

Some people will only buy during that sort of market.

So,

It can feel scary, but I just think we have to sort of step back a little bit and look at the greater picture here of what is actually happening.

Look, you know, during the election campaign, we saw governments coming out and people were very happy and ready to criticise that these policies from both the Liberal and the Labor governments were going to jack up house prices and how irresponsible and this is not solving the problem.

And now we've got the other side of the coin that people are now worrying, will house prices drop too much as a result of interest rates rising?

And I suppose I just feel like there are so many days where I wake up and I think, what side of the fence is the public mood going to be on today?

And I suppose I think we just need to have a bit of a pause here at times to really understand why.

the end game or the long-term view of this because property is a really long-term play.

I don't believe it's a commodity that you can just jump in and out of quickly.

I think if you do that, you will get burnt by it.

There was some amazing and quite encouraging policy coming out of governments and the fact that both governments had it firmly on the agenda and now are already seeing another step in that direction with the suggestion of removal of stamp duty potentially in New South Wales.

We're seeing people talking about these bigger issues, which are going to be the things that may actually change the situation that the market has found itself in.