Rich Harvey

And finally, the last thing is we've got a rising inflationary environment.

People see property as a safe haven and a hedge against inflation.

So look, they're just 15 things.

And I'm sure any of your listeners can add more factors to either the headwind or the tailwind at either side of the ledger.

We've all got a natural bias, how we think's turned out.

But there's some pretty important factors in all of those.

Yeah, look, a lot of people think, Craig, that there's just one factor, you know, and they typically look to interest rates to be the one factor.

But it's not.

Interest rates are just one factor among many.

The fact is, interest rates are still really low.

Cash rates, 0.85%.

Mortgage rates, you can probably pick up a loan around 2.75%, 2.9%.

That's super low.

And yes, the interest rates are rising, but that's just going to result in an average mortgage rate being around 4.5%.

But the thing is, the Reserve Bank cannot raise rates nearly as fast as they reduce them, simply because we have much greater leverage throughout the economy.

The interest rate lever is a lot more sensitive for the average consumer.

So that's one factor.

As I mentioned, the economy is growing.

We've got a strong labour market.

These other factors all are combined with each other.