Nick Goodall

And I think that's why it sort of just feels like it just keeps getting pushed back and back.

Mate, I have to say, I've never seen you look so thrown with that, me not letting you say that term at the start there.

I wasn't quite sure if that stitch up would work, but you definitely were going to use that phrase and I threw it out there and you can't do it.

So that has brought an interesting start to this conversation.

Look, there's a few things I want to pick up on that you touched on there as well.

And a few other little tidbits I wanted to pull out from the results, mostly at those sort of top and bottom performers.

But off the back of you referencing the difference between the property types nationwide, also the question around, well, how does that look for Auckland?

Particularly because I suppose it's got a broader range of different types of property types there, more apartments as well.

And so interesting, when you look at that 12 months, so it is the end of January last year to the end of January this year,

Apartments were down 5.3%.

And I think just to reiterate all your points, right, yeah, that demand from the new migrants coming to the country, which are likely to live in those places, if demand is down for being a tenant of those properties, then surely the landlords that own that, they're seeing less growth in rent, maybe even declining.

They're not feeling the same expectation on capital growth.

And we know that apartments don't grow through that growth.

As much as houses do anyway.

So yeah, it's probably just shows that that, you know, expectation on apartments is even worse.

And so yeah, when someone's being sold, now they're not achieving the same price.

And so the value, the change has actually been more than 5% down in Auckland for apartments.

flats or townhouses down 3.2% so a little bit less houses actually down 2.4% in Auckland as well over that 12 month period so you know that's actually you know more than just flat for Auckland I would say it's actually been down a couple of percent houses performing slightly better than townhouses and flats which probably backs up some of the anecdotes we heard recently too that there's been you know with that increase in the number of townhouses being built that they're maybe not performing quite as well and

There's slightly more discount when all those are selling because they're staying on the market longer and the demand has reduced for those types of properties, a bit more than for houses where you still get your land and whatnot as well.

So yeah, look, it was just some useful extra data points, I think, to reference.