Steve Jurkovich

Repair job is probably the way I'd describe it.

You know, budget where there's nothing to give away, really no room to move as far as I can see.

As you said, economy's pretty soft except for some good spots like you mentioned.

World's very volatile and I think the government's saying we've got no money to spray around.

I think they have to stay where they are.

The economy is just way too weak and the inflation is coming from things that are not the usual set of worries.

So I just really hope that they don't chuck an OCR rise into a very fragile economy.

Well, I understand that theoretically there's a target range, but I think you have to be much more practical about what your starting point is, which is, you know, there's very few places that you go across the country that people are feeling confident.

And to throw another rate rise in, which is another direct cost for sort of 40% of New Zealanders and their mortgages, on top of, you know, if you think about the County Council in Auckland today is discussing a 7.9% rate rise.

Yeah, I mean, I think the point you've made previously when we had a conversation is 99% of people are up to date.

And so, I mean, that's absolutely true.

And Kiwis will do anything they can to make sure that they do pay their bills wherever they can.

But they've been stretched for a long time.

And, you know, what you see is people just putting away their wallets for things that they normally would spend on perhaps going out for dinner.

You know, spending on a new bed, new sofas, new couches, all that sort of stuff has, you know, really been put on hold.

And so that's where I think you see the real pinch in companies that are, you know, trying to supply things to customers who are just see it as discretionary.

Yeah.

Yeah.

Yeah, I think they are.

I think we see an increasing amount of owners that are now not wanting to renew their leases.