Diego Traglia

with people that now are finally in a zone where they're more comfortable, around 5%.

But they are saying, hey, I'm just recovering now.

I'm just breathing now.

I can finally buy my flat white on a weekly basis.

I can finally go out for dinner once a month.

And although the interest rates are now at the level that if you are a first-time buyer or if you are a brand new buyer, you're like, perfect, I can work with that, right?

5%.

I remember buying my first house in 2015, it was about 4.69%.

You manage that.

but it's everyone that over the last two or three years has been suffering they are currently sort of still hangoverish on on the fact that yeah interest rate might be low um but i am not moving because i'm still hurting um then there is the investor mark and i'm sure we'll talk about election throughout this podcast but really then you get they invested they all of a sudden they um

with interest rate being more accessible than they could potentially consider buying an investment property or adding to their portfolio.

But because of the elections down the road, then they perhaps are not.

So I'm having conversation about interest rates, both with residential and the investors and the development, and everyone is pretty much in the same zone, a little bit of a hangover.

And there is some uncertainty over the year that is still going to restrict them to perhaps move sooner rather than later.

And that's why 2026 will be pretty stagnant year.

Positive on the positive side, but stagnant.

That is very much the biggest segment for myself and selling everywhere in Auckland.

I've got a very good helicopter view of different suburbs.

And as you said, you know, you can go from West Auckland at 700,000 for a three bedroom, one bathroom, you know, to the early million in around Mount Wellington to the multimillion depending.

So different price ranges, many market within the market.