Alice Stolz

And the country has rebounded out of it.

And we're now having to clean up that effectively is what we're doing.

And we really all need to do it together, I suppose.

Good morning, Craig, and thank you for having me.

Look, that's right, Craig.

I kind of got through the end of a bit of a vicious media cycle last week where every morning I was talking around this sort of terrible scenario of rising interest rates.

And it sort of brought me back down to earth by the end of the week when I reflected on the fact that, you know, a month or so ago, we're all scratching our heads wondering how we're going to tackle this.

The fact that so many first home buyers are locked out of the market.

And I just, I suppose what this came out of is this desire that we all want to change things, but no one actually wants to do anything.

And I suppose I think one of the most fundamental issues at the moment for most people is the fact that first home buyers are firmly priced out of the market.

To me, we need to remember that with a rise in interest rates, we will also see a decline in house prices, quite simply because people have got less money to spend on those houses and have got less access to credit.

So I suppose what I'm trying to say here is that while it can be very hard for homeowners, we now need to think of future generations.

And that is really those first home buyers who need all the assistance they can get to get a leg up onto the property ladder.

It's extraordinary, isn't it?

And I think as a nation, it does sort of make us do a bit of soul searching about who do we want to be?

Do we want to be those people that just think, I'll just think about myself.

I won't worry about my children or my children's children.

It's a lot of kind of deep cultural reckoning I think needs to take place.

Well, and I think that we know that for nearly everybody, property is their biggest asset.

So I do also think that I'm not sort of kind of trying to be too sort of socialist here, but I do think there's a benefit to people owning a lodging that they can live in for their whole life and then living off it into, you know, in their retirement potentially.