Nick Goodall

And I think, you know, while this still might not be going to quite that extreme, it does show that there's the willingness and the ability there for people to just grow a little bit further.

To say, yes, I know I can get a property without that big deposit or biggish deposit for a first home buyer.

And I'm willing to do that because, you know, I've got that long term view there.

There is no expectation of values to fall away.

Yes, okay, we're not expecting strong growth to come and increase your equity over time.

But if you're on paying down your principal, values are going to hold flat at the very worst, which is what we expect to happen, then I think the settings are there, I suppose, for those people to go.

Going into low deposit, high LVR lending isn't necessarily a problem or a concern.

You might pay a little bit extra for that, of course.

There's often a little bit of an extra fee on those.

But again, if that gets you into a house sooner rather than later,

you are exiting an expensive rental market, then I think it still stacks up for those first-home buyers.

And that number you referenced, the 57% of all first-home buyers getting into the market with less than that 20% deposit, I think we can never overplay how important that is, how much we need to continue to talk about that.

The amount of times, as you said, we talk to bankers, we talk to brokers, and they're always surprised by the amount of first-home buyers that come out of the woodwork and go, I heard there's a change to the deposit requirement.

you know, can I buy a property now?

And the broker would always say, you could have six months, a year ago, because you can be outside the limits.

You know, there is a speed limit here to allow first time buyers to do it, and quite clearly, you know, in this case, the majority of them are doing so without that 20% deposit.

So of course you wanna get as much as you can,

for the bank's reasoning, for your own consciousness, but you don't have to have that.

And so ensuring that that's not seen as a barrier, but a preference maybe, I think that's a really important one that we continue to speak about as well.

So yeah, I think that's really good.