Nick Goodall

So that's keeping that demand support.

Relatively high, I guess.

And certainly value for money when you're buying new at the moment compared to an existing property, which might cost you more in the long run.

Certainly, as I said, another reason to be relatively positive there.

And, you know, with consents running at over 37,000 in the last year.

it's a pretty decent number it's sort of in that middle of that level we think that properties can although we can actually sustain and build that many you know the capacity that we can actually build between 35 and 40 000 so it does feel like it's in a decent spot that's not to say it's all fine there's still going to be some stories of liquidations and difficulties in the industry don't want to

deny all those.

And also it's going to change regionally where, you know, it might be a bit tougher in some areas, but in general, I do think it's actually, you know, showed a very robust industry.

I think that's helped by stronger lending practices as well, both for, you know, for those construction firms themselves, as well as the buyers at the other end.

So yeah, it does feel like a relatively positive story, but no doubt it's still,

not perfect or not ideal, and you can certainly spin it the other way when you go, oh, it's come down from 51,000, so the industry's been hauled out.

It's like, yeah, it's actually survived pretty well and certainly much better than what we saw after the global financial crisis down in the low tens, thousands of consent.

So yeah, I think we can take that as a relative positive.

Anything else jump to your mind?

Otherwise, Kelvin, we can jump to, I suppose, a bit of a Reserve Bank focus this week.

We can talk through any extra thoughts on the Monetary Policy Review, the official cash rate decision, any market reaction, as well as the Reserve Bank data for lending, for mortgage lending for February, which I thought was quite interesting, just looking at what terms people picked in February or chose in that month.

And yeah, I suppose any other thoughts on just wrapping up where things are at at the moment with the

I don't know, supposed ceasefire in the Strait of Hormuz, but, you know, potential blockades from the U.S.

Army and Navy and stuff.

So, yeah, as we sort of said last week, it's changing daily.