Nick Goodall

But we'll just sort of see if there's anything truly different in there that might take a little bit more time to analyse.

We might push that a bit later.

But the plan will be to have that out Wednesday afternoons before five o'clock anyway.

So keep an eye out for that one and we'll give our initial thoughts on that.

Kelvin, you touched on the terms people are choosing.

Of course, last week we did get more Reserve Bank data, this time for the term chosen on new loans.

So it is when someone takes out a new loan, the term they're choosing.

Often we talk, of course, a lot in our updates about how long mortgages have got to go before they refix, which doesn't actually care how long they fix for.

It's just about what they're running down and then what that rate might have been or

You know, certainly the fact that most people are adjusting onto lower rates and we've got so many people, of course, like 30 odd percent within six months.

This is not that.

This is literally the term people are choosing.

And there was quite a big turnaround wasn't there, which, again, is probably not surprising given the tone of things towards the end of last year.

And of course, we had the Reserve Bank decision at the end of November, which will have influenced people's decisions in December.

So, yeah, do you want to take us back to that time, the mentality we were in, and then tell us about the results of the actual lending data as well, Calvin?

Yeah, like you say, maybe a bit of a unique month in terms of the scale, but I think the trend is quite clear in terms of that turnaround.

Whether it exactly continues on that trend month on month, the future is another thing to be seen.

But I think, yeah, you're right.

It's a clear change in mentality.

Again, not a surprise.