Nick Goodall

And it sounds like she might be more transparent.

So maybe we will get a better read on how things are going to play out.

But she's also reiterated the point that it'll be data dependent.

And what we think we're going to do today might change when we come back in February because the data we receive in the next two months is going to be quite different.

Do you have any extra thoughts to add to that, Mark?

Any differences or any thoughts on the new governor and how she's sort of come out the last week and tried to crawl those fears from the markets?

Yeah, it does sound quite similar.

And Dan, anything to add or any differences for you?

I guess for investors, right, they need to have some certainty with one of their costs, right?

When there's other costs that are rocketing and they're paying more in insurance premiums and council rates or whatever it is, and you're unsure about the change in that, you need to have some sort of understanding and control over your fixed mortgage costs.

And so I suppose that's where the long-term certainty comes in for them.

Yeah, no, I love all those points, especially the education, like say for a first home buyer that's just getting in.

And like say, and I think Stuart mentioned earlier as well, you know, anything under 5% is great over that long-term context, right?

And it probably is likely a roundabout where I would expect rates to be for the next few years.

Now, again, we have no idea what could change and will we see an OCR get close to the 0%?

Maybe, unlikely.

Could we see the OCR skyrocket and go much higher than three?

I guess there's always a chance, but that expectation is that it gets back to that neutral rate,

of about 3% and a couple of percent for interest rates.

So there's mortgage interest rates and 5% seems about right.