Nick Goodall

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.

Investors, same thing, right?

Like you said, that 3% is so low, it feels like it's hardly worth talking about.

But again, our question was, will investors, given the changing environment and not much

growth on the capital expectation side of things, you know, still high costs of holding properties.

We know the mortgage top-ups, how many of them are willing to go, yeah, I'm going to increase the size of that debt compared to my equity.

And, you know, which means you're still going to have a pretty decent sized debt, which means you're probably going to be paying some, you know, relatively high payments.

at a time when you're not expecting that capital growth to come through?

And will investors really be willing to take on that level of debt compared to their equity?