Kelvin Davidson

I mean, we saw, we saw that minus one minus 0.1%, I should say at the national level, um, that's on the month, uh, down, I think it was 1% year on year.

So, so yeah, kind of treading water, whatever phrase you want to use without what you just said, um, Auckland down minus 0.3%.

So it's, you know, been, been underperforming, I guess the rest of the country, um, good for buyers, of course, you know, not, not so great if you're trying to be a seller.

Um,

And yeah, Christchurch was flat.

I mean, other markets like to need an up slightly.

So, you know, you've still got that regional variability going on.

And we've we've talked about that for a while, too, in terms of

You know, economic drivers, the fact that perhaps services sector is underperforming a little bit, that's kind of weighing on a market like Auckland, as well as the contrast with, say, farming sector going pretty well, that seems to be supporting maybe so-called provincial areas.

And one market I didn't mention there was Invercargill still going up at a,

Well, it's not booming, but at a slightly faster rate than elsewhere.

And you'd think that would fit with affordability, but as well as that farming sector going pretty well.

So yeah, not the phrase you use, but sort of tracking sideways to a large extent.

And it'll be disappointing for some, of course, and great for others.

And of course, it's a good market for first home buyers at the moment.

So always two sides of the coin in the housing market.

I guess another thing we obviously can do through the HVI is to look at property types.

Townhouses, I should say, standalone houses only, in air quotes, down minus 0.7% in the year to January.

So, you know, that's kind of tracking sideways.

Townhouses down 1.7% and apartments down 4.1%.