Podcast Appearances
Yeah, that's still a strong way in for first-time buyers.
And then just one final cut of the numbers is that on Friday, late Friday, we got the stock figures, I guess you'd call it.
And so we are seeing that share of debt going out longer on those longer-term fixed rates to the point where of all existing debt right now, it's about 30% that's currently fixed and not due to reprice for at least another 12 months.
uh that's the highest it's been for a couple of years so so you know people it's it's not sort of full on yet but we are seeing that shift as as i guess we reach the bottom of the rate curve people starting to think about higher rates at some point you know people starting to fix in longer and we're seeing that come through both in those monthly flow numbers but also the the stock figures too so um yeah people positioning themselves for i guess a an interest rate a rising rate environment at some stage
looking to fix for a little bit longer.
So yeah, keeping an eye on those LVRs.
Obviously as the year goes by, we'll be watching DTIs too.
But right now, yes, with that increase in the speed limit, people are showing a bit of a willingness to take up that higher LVR debt.
Yeah, actually, just on the stock numbers, you also get a cut of the figures by sort of non-performing loans, sort of how much bad debt the banks are allowing for.
Those figures still sort of under control, if you want to call it that.
You know, yep, not great if you're behind on your loan.
For those individuals, not ideal.
But in a wider, I guess, financial stability sense, there's still...
no real issues there non-performing loan ratios still pretty low and over time the banks have been just slowly creeping down the amount of money i guess they're holding for potential bad debts the the um sort of reserves i guess they're holding back those numbers are coming down too so yeah there's again it's something that
It's been sitting in the background in this cycle.
There just hasn't been much concern about bad debts, non-performing loans, mortgagee sales.
All those things are still pretty low.
So yeah, we'll keep watching it.
But right now, there's kind of no news there, I guess.
Yeah, no, it was good.