Podcast Appearances
Yeah, it kind of sets the scene, very, very different sort of paths we've been on.
I mean, how has all that sort of fading into the housing market feel at the moment?
Because I know you've had a pretty strong housing upturn for a good year or two now.
We've been very, very flat.
Sales activity has been going up, but house prices, well, in some areas, actually still going down.
But when you look at a national median, it's been pretty flat for a good couple of years now.
So, yeah, maybe just chat about your housing market a little bit.
Hey, I think that's sort of interacting with that different approach from the Reserve Bank.
Is there a bit of uncertainty coming through in housing now?
Are people thinking, yep, maybe this upturn will peter out?
What's the sort of general vibe?
Yeah, it's amazing the differences on all of those, I guess, really key indicators.
I mean, you talk about listings there.
I mean, some markets starting to look a little bit easier on that front.
But we've been in a market over the past two or three years where buyer choice has been really abundant.
So as opposed to, say, Australia, where that might be shifting a little bit now, but it's been much more in favour of sellers.
So you'd probably call it a buyer's market here.
Maybe it's been a seller's market there.
So
differences around that listing scenario and of course um you know the fact that our house prices have been so flat for so long means that our affordability that's the flip side of it is is actually looking a lot better than it has done for quite some time um you know our measures might might be slightly different in terms of levels i would guess given the figures that go into them but you know for example our latest affordability report said that your your standard mortgage payment on a reasonably new mortgage might be about 42 percent of gross household income