Nick Goodall

In November, only 3% of people took the three-year rate, and that jumped to 11%.

And I think, again, if you look back at those rates back then, we were always saying anything under 5%, those two- and three-year rates were still sort of hovering around there about that time.

And given that's a pretty decent rate for a long-term rate, if you were sitting at 5% over a long period of time, I think, again, it makes sense people have done that.

And I think the reason I find it quite interesting to work through this and talk through it

is it just does can provide confidence to those that are out there that are thinking about this right if they're considering these numbers and maybe it's power in numbers you know others are doing it you feel a bit more comfortable and confident that you've got the power of the numbers that are doing the same thing that are seeing the market the same way and and certainly being advised similarly through mortgage advisors and bankers who are helping these people make these decisions and having those conversations themselves who are actually you know

financially qualified to have those conversations and help people to make the decision that works for them given their personal circumstances and what matters for them whether it is the certainty or it's trying to irk out every percent or whatever it might be then they can help them to arrive at a decision that works for them as well so you know i think the the number of people doing that obviously just shows that for many people

They know that it's pretty low.

And even if you don't quite get the bottom bottom, you're going to get a decent rate for a long period of time when we're likely to go into a situation where interest rates do start to lift over the next year or two, certainly.

And that'll flow through to higher interest rates, which might, you know,

I don't know, maybe they're going to get to averaging five and a half to six over the next wee while, which means anything around that five looks pretty decent.

So, yeah, still plenty to wait and see.

Again, these rates I'm sure will change and the decisions from people will change off the back of Wednesday's decision and forecasts.

So, yeah, it'd be very interesting to see the market reaction from the statement on Wednesday.

And then, of course, how people read that and decide to change their mortgages off the back of that.

But, yeah, always an interesting one.

Okay, Calvin, then the other release I want to talk about pretty briefly, I think, today, because we can leave a link below.

to the full report people will take different things out of this plus it got decent media coverage so i'd be surprised if many of our listeners haven't already got the gist of this one but it is of course our pain and gain report this one was for q4 of course last year so people that were selling a property in q4 just looking at the um difference in the sale price to sell price over that period of time yes gross and taking into account any other costs

Nothing, if you've improved the property, nothing else, right?

It's literally just sale price to sale price as a measure of market health, I'd say.

And we're just looking at proportion of people that make a profit compared to those that make a loss over those two sale prices.