Podcast Appearances
And keep in mind that the December numbers...
There's going to be a bit of, not volatility necessarily, but, you know, we had, it was just a massive spike in activity.
The banks switching, everyone was just churning loans.
So I guess every cut of these numbers is going to have a wee bit of kind of extra jumpiness in it, I guess, if that's the way of putting it, because there was just so much churn going on.
So, you know, things will probably settle down in the January numbers.
But yeah, definitely that switch to fixing longer seems to be underway.
Yeah, I mean, it was all fairly stable.
We had about 88% of resales made for a gross profit or on the flip side, 12% made for a loss.
The size of those gains and losses as well was fairly stable.
Not really.
I mean, there's always regional differences.
I'm not sure anything really jumped out at me there.
It was all fairly consistent across the regions as well.
uh owner types pretty similar whether it's investors versus owner occupiers the apartment number's always weaker than standalone houses but there's not really any signs that that apartments are collapsing either i mean our hvi home value index looks a wee bit softer for apartments than other property types but you know there's not necessarily any signs that the people are abandoning apartments either and they do make less
capital gain over time.
So in any market, there's always going to be a slightly greater chance that an apartment will sell for a loss simply because capital gains haven't accumulated as much as maybe other property types.
So yeah, all of that's fairly stable.
I guess hold period's the biggie.
Yep, we say it every time, but the median hold period for resale profits in Q4 was ticked above 10 years, which we haven't seen before.
And the median hold period for losses was just a touch below four years.