Craig

Because sometimes people can be out, the last thing on their mind is buying a property.

We've

We've got these auctions that are taking place, these sales offices with a new product.

You can be walking and just sort of minding your own business.

Suddenly you get the idea, the notion that, hey, I'm going to start bidding on this property or you sign up for something new.

It is a real estate Thursday, the second day of April.

We are heading into another weekend, a long weekend coming up.

Looking forward to that.

Trent is with me taking a look at the construction industry and we should just stop down and have a look at what is likely to happen with regard to the interest rates.

Now, the RBA is watching all of this conflict in the Middle East.

understandably, because of the interest rates.

There is only one way that that is unfortunately likely to hit in the next few months.

It's interesting because there's a lot of talk about the construction industry slowing down, but the reality seems to be quite different.

Across Australia, we're seeing very high levels of activity with more than 800 cranes operating nationwide.

I always find this quite interesting because it's a great index.

The more cranes that are out there and operating, the busier the country is.

Yeah, and if you take Melbourne as an example, residential projects used to dominate, but now they make up a smaller share as major infrastructure projects are ramping up, as you are talking about.

And Sydney still leads the country when it comes to construction activity.

It holds a significant share of all cranes nationwide, well ahead of other cities.

All right, Trent.