My Bui

So the businesses actually have a bit of pricing power there.

The RBA also probably has to hide more because we've had quite a lot of wage growth pressures in the economy.

So just two days ago, the Fair Work Commission handed out their next financial year's decision for award and minimum wages growth.

So basically people on minimum and award wages will get a pay rise between 4.75% to 6%, which is a very decent number, I would say.

So all of that pressures kind of just mean that, you know, people are getting actual wage rises, which means that they can pay for a little bit more mortgage, I would say.

You know, it's not a great outcome for mortgage holders, no doubt with that.

But the reason why the RBA has to hike is because there's inflation pressures and the economy was actually starting from a strong base.

I would say definitely yes, especially in underloved cities like Melbourne.

They always say that you have to buy low and sell high.

So when the market is down, it's definitely a good time to buy.

And this is especially true for first home buyers as well with a lot of the fiscal policies from the government that's helping you.

This includes the 5% deposit scheme as well as the first home super saver scheme.

And one thing to note is that with the budget changes, there are basically a lot less investors in the market

So if you're buying, you're only competing with other first-home buyers and not with investors.

So for first-home buyers, I would say, try to get in the market right now if possible.