Anthony

The government will not stop spending, which is fueling a lot of the inflationary pressures, and they've just got it wrong fundamentally.

And I think we've got more rate rises in front of us.

Yeah, there was a lot going on in the housing market.

There always is.

But

We saw some strong growth last year.

Through the 12-month period, December 2025, we had 8.6% growth in the housing market.

Now, that's inflationary on its own.

The monthly trend was that the rate of growth was starting to slow at the end of the year.

We had a lot of government initiatives that were giving first-home buyers particularly incentives to get in the market, these shared equity schemes.

Demand was strong.

Borrowing capacity had increased with the rate drops.

flow of listings remained low.

So there was a reasonable buoyancy in the market.

The rate of growth was slowing a little bit.

Serviceability, deposits, affordability remained challenges, but we had first-time buyers.

We had investors coming in strong.

We had a good, strong platform for 2026 prior to this rate cut.

I don't want Rodgers back.

I mean, there were some games he played very well.