Anthony Landahl

And that's flowing through to the housing market as we talk about every couple of weeks.

Yeah, there's two really distinct emerging trends that are really being driven by housing affordability.

We've talked a lot about housing affordability.

There's been a lot of data provided, but what we're really now seeing is some trends developing.

The first major trend is we're getting the regional markets open.

outperforming the city pretty consistently now.

Over the last 12 months, the regionals have grown close to 11%, whereas the major capitals are at 8.6%.

The regional market medium value is still around 700,000 nationally, whereas capital cities are over a million dollars.

The other main trend we're seeing is units are now outperforming houses quite consistently.

We've seen capital growth in some areas where units are under a million dollars of close to 20%, which is quite extraordinary.

A couple of trends really being driven by affordability, really being driven by price points under a million dollars.

Yeah, look, the last couple of weeks, the commentary shifted.

We've had essentially three of the major banks now come out and say there'll be a rate increase in the March meeting.

We had headline inflation sitting at 3.8%.

which is well out of the target range before the Iran conflict started.

We've got a tight employment market.

The main driver is obviously the petrol prices.

They're up by about some 40% since the supply shock, which is just adding to inflationary pressure.

My instinct is they're going to put rates up in March and in May.

So we're looking at potentially 50 basis points to knock this on the head as quickly as they can.