Tim Burke

Yeah, look, I think so.

We've always been the sensible place as far as what we followed on the coattails of other markets, seemingly.

So like the Sydney-Melbourne market, we're obviously somewhere between the two of those geographic locations, but we've always been slower behind them when they had their rises.

No, a real big shock.

When you consider what we were coming out of the back of, I mean, we were coming on the back of that first COVID lockdown.

It was anyone's guess as to where it was going to go.

Everyone was battening down the hatches, worried about what could happen and probably on a negative.

The experts were suggesting quite big reductions in price, but instead it did exactly the opposite and really started to take off.

Massive.

When you start to look, I mean, incremental changes don't really sort of stand out.

And because we've got quite used to them over the last year or so, you don't really see it.

But when you do, you do hear a figure, 40 plus percent is just...

astronomical and you think about all the conversations you had with people where maybe they were holding off or waiting for it to drop down and they'd be absolutely kicking themselves if they had have done that.

Well, you've got your top area in Canberra, which is your central area, in particular the inner south, then followed second in a, by a fair stretch, but the inner north there, which is around the geographically southern side of the lake, northern side of the lake.

But those particular ones have been over 1.4 and 1.9 in the inner south.

So they're quite high.

They're our best areas.

And those, the areas around there, which are all above a million, other ones just bookending those ones too.

So one of the, well, obviously, not obviously, but what we see in Canberra is a very big public service.

So both federal and local public service.