Nick Goodall

They'll come back and they'll help the economic recovery, but they'll also see the property market likely start to spin its wheels a bit faster and see the broader market have some upward pressure on prices.

And that sort of is backed up by some work I just did just looking at, like, if you compare what people pay compared to the RV, CV, GV, whatever you want to call it, only because that's a consistent measure, we could do it compared to our AVM, automated valuation model, Evalia, of course.

But if you do that CV, it's only relevant for a location itself because those CVs are all done at one date.

All I do is then look at how that compares in that area, in this case in Auckland, and see if there's a different sort of premium paid between that sale price and that CV for different buyer groups.

And generally, movers are paying more recently, about 2% more than what a first home buyer is.

And I think it makes sense.

You know, they've got the buying power.

If they are active in that market, they probably get a bit more room to move upwards.

And so they're willing to do that once they're active or once they actually are determined to buy a property.

And so that also just feeds into that thinking, right, that once these movers come back out from not being as active in the last few years, that it will likely see some more upward pressure on prices too.

So, you know, importantly, as you mentioned, you know, this economic recovery and maybe these movers coming back is now going to be stalled or delayed a little bit anyway.

But I think it does point to some evidence that says, yeah, once that part of the market gets moving, which is that middle to upper tier, people moving to their second or their next property from their previous one, they will drive a bit of upward pressure in that market, you know, a bit more competition and,

obviously you don't freeze up a property for maybe a new time entrant to come into as well and and provide that opportunity for those guys to enter so that was another one that i just had a look at recently which i think is worth touching on um but yeah again the relevancy might be pushed back a bit further because that economic recovery is not going to be quite as soon as we expected so

yeah but i will leave a link to the full chart pack anyway there's way more than those things we cover it's a good recap of everything um you know worthwhile download that thing chuck it into your local you know your favorite ai tool as well and and um use it to you know to ask any questions of and and get your take on that as well and there's a bit of regional things as well particularly for those in the main centers so yeah do go and read the article on that one download that report and keep that one on file and

So, yeah, we'll continue to track all that stuff regularly, and it'll be a core part of our commentary as well.

But, yeah, anything else on the chart pack or the release the media focused on before we move on to our macroeconomic release this week, Kelvin?

But ultimately, the headline here was that it was weaker than expected.

So still positive at 0.2% growth in the quarter.

But yeah, weaker than most forecasts had expected for that quarter.

And we've got to acknowledge this as well before any uncertainty or volatility come around from global conflict happening now in Iran too.