Nick Goodall
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you know conversation encourager i would call it to ensure that we are having this more often and then um you know as i said at the start for anyone that can have an influence on these areas uh actually starts to do something with it whether it is banks or companies or government or policy whatever it's going to be i'm just bringing that to the forefront too so you know while the podcast was out last week and the report was also out and i'll leave a link to that
I'm sure this conversation will just be starting to ramp up as we get closer to International Women's Day on Sunday anyway.
So yeah, we'll leave that one there anyway, Calvin, but great job taking that one to media and the market again.
Yeah, good, good conversations going on.
So not too much else on my mind for the property market stuff this week and what's going on
I suppose the one thing we should touch on briefly is that the home value index for February will be out this week, given we've just moved past the end of February.
I know you have always looked at the weekly index for the main centres or a couple of the biggest main centres on our website to see how things might track before we get the actual data coming through sort of in the next day or so.
What's that sort of telling us, mate?
What's your expectation of what the read's going to be for the index for February when you get that shortly?
As you say, it sort of backs up maybe some of that momentum from the lending being done too.
You think about the lending that was being done.
Within that, if there's a bit more competition for properties, then it would stand to reason that maybe those vendors can irk out a little bit of extra price on it if there's two people that are quite keen on their property.
And that's what might start to see this market grow sooner rather than later.
Although, you know, I still want to acknowledge the fact that, yeah, many of the economists have pushed back their expectations and Reserve Bank we spoke about recently, you know, still see values declining for the next few months before seeing some comeback in the second half.
I wonder if it's a bit pessimistic and maybe it just does depend on, you know, not quite the animal spirits taking over, but a little bit of competition that just sees a little bit of upward price pressure on those properties that are listed for sale.
And if that balance starts to redress, then, yeah, we could actually see a little bit more growth come through, I think, in the first half of this year, but still it'll be pretty
Pretty mild, let's just say that anyway.
So yeah, as you say, pretty intriguing.
And that data will be out publicly available on Thursday.
So keep a lookout for that one.