Eliza

I was going to say early Christmas present, isn't it?

Whether you're in the market to buy something or a bit more rate relief coming from the RBA.

It's interesting though, we've still seen households hold up extremely well through interest rate rises from 2022 to peaking in November 2023.

Things like reducing savings and putting more money towards mortgage payments were

putting a little bit less into offset and redraw and putting more into principal and interest payments and also the savings buffers that were built up through COVID really saw a lot of financial stability during interest rate rises, mortgage arrears have remained quite low and now we're starting to see a bit of an improvement in household conditions as well.

That savings rate is moving back up, more money is going into savings buffers now.

So I think we've gotten out the other side

of rapid rate increases fairly well, which tends to come back to the pretty strong lending standards that we have in Australia.

And that's supported stability in the housing market as well.

Yeah, so in July, we got our end of month data showing another increase in national home values, despite the RBA holding at their July meeting.

So nationally, home values were up 0.6%.

It represents six consecutive months of growth.

And more than that, we saw a very broad-based increase rising across every capital city market,

Interestingly, led by Darwin with a very strong 2.2% result over the months.

But we also saw the mid-sized capitals, Brisbane, Adelaide and Perth, continue to dominate the market.

Brisbane and Adelaide rising 0.7% and Perth rising 0.9%.

On the other end of the spectrum was Hobart with values inching just 0.1% higher over the months.

But that still sees nice little turnaround in the Hobart market.

which is up 1.6% over the year to date.

I feel like they're...