Kelvin Davidson

Because I know a lot of people are on variable rates or floating rates in Australia.

Is that being passed through?

And are people already seeing that squeeze a little bit?

I mean, it's another really interesting contrast because it makes the Reserve Bank's job much more difficult here because they've got to take into account that lag.

I mean, it's pretty much the mirror image.

I mean, give or take, we have 80% to 85% on fixed rates.

And, okay, recently they've been relatively short.

A lot of people have been floating.

If they are fixing, it's maybe six or 12 months.

You know, it's shorter than the two or three years that's been a lot more popular in the past.

And it's starting to become more popular just in the most recent few months.

know six to 12 months pass through to a lot of mortgage borrowers are still a lot longer than you know a couple of weeks in australia so it does make the job here for the reserve bank just a little bit more complicated trying to factor in those lags as to how how households might be reacting a year down the track to something that's happening now in terms of borrowing rates so um

Yeah, definitely an interesting contrast.

I suppose just wrapping it up, is there any... I mean, firstly, thanks for joining.

I mean, amazing expertise and insight into what's going on globally in Australia.

Is there any last sort of comments you have, something you want to leave us with around...

The global economy, the Australian housing market.

Awesome.

Definitely something to keep in mind there.

It might be that even if this does get resolved pretty quickly, what you're saying there is,