Nick Goodall

and the annual title has now grown to $36,000 over the year to the end of November.

For many people listening over the last few months, we've sort of been talking about that average or that annual number had been hovering around that $33,500, $34,000, which we thought was a pretty decent bottom of the market if it was going to be that, and it had plateaued there.

Now we've actually seen a bit of growth come through too, so a bit more activity.

And like you say, all of the things you've spoken about, the certainty, the low interest rates, the exemptions from all of the lending rules,

That's a reason to continue to go towards building a new property.

And that certainly seems to be the case with things turning around once again.

And the construction sector, while it has reduced in size, and no doubt felt some pressures over the last few years, hasn't been completely hauled out.

And so it is hopefully in a good stead right now and able to be able to ramp up as and when as required if demand comes back properly.

and strongly through the next year as the economic cycle starts to improve, then you sort of think this construction sector is well placed to make the most of that too.

And we know that we've had improved land use changes as well.

So we're encouraging new builds and more intensification in the right areas that are supported by the right infrastructure.

So yeah, if you're going to sum up that vibe, it certainly seems pretty positive for the construction industry overall anyway.

Yeah, exactly.

Yeah, no, I think it's definitely a good situation.

That was November, so it hasn't quite finished off the year, of course, but I suspect that we'll see the continuation of that trend in December and then throughout this year.

So that's a good one to nail down.

Excuse the pun.

Let's move on to the broad.

an economic overview then.

I don't know where you want to start with this.