Sally Tindall

But also just talking through what would happen if one of you lost your job and that one of you couldn't make the repayments.

Working out whether you would at that point sell or whether something, you know, you'd have some alternative plan in place.

Talking and communicating is key in these types of arrangements.

I can only imagine that some bright spark is developing that app as we speak.

Again, if you're going to do something like that, definitely go in with your eyes wide open.

Make sure you understand what happens when it goes well, but what happens when it goes south.

Because to get into the property market, you've got to take some sort of risk, but you've got to understand what they are and what the alternatives are to make an informed decision.

It is, isn't it?

And first home buyer numbers, they've been dropping since the peak in January 2021, I want to say.

It's down 37%.

At the end of the day, they're still a lot higher than they used to be.

There are still people jumping into the property market.

We are looking down the barrel of some very different times, I should say, and people should understand what risks come there as well.

So, like I said, the RBA is focused on, you know, the cash rate is currently at emergency setting levels.

It's never been this low and it's been this low for a year and a half now.

It is going to go up.

That is near certainty and it is likely to go up multiple times over the next decade.

six months to maybe a lot longer.

People need to factor that into their equations.

They need to understand that property prices could indeed cool on the back of these rate rises.