Tom Coad

for a while but I feel like that's a by-product of a whole range of other things and when you look in the media you see things about the restaurants closing and so I'm kind of looking at how much is working from home playing that factor into Wellington specifically and then you look up the coast into Porirua and Kapiti and even further north and you're starting to see maybe some more positivity there especially in the last quarter of 2025 so

Yeah, look, I think it will.

And I think, Diego, you called it a kind of a plateau in values.

I think when you get a plateau in values and interest rate reductions coming through, plus for anyone who didn't buy during that bubble that we talked about, you've probably got some equity, even if it's not a huge amount.

We bought in 2017.

We've got equity.

It's not as much as it was in 2021, 2022, but there's something there.

So

I think that there's maybe some confidence that will come with that.

I think it gives you some more options.

There was a point where it would have been incredibly difficult to swap your mortgage provider because your equity meant that you may even have been negative.

So I think that moving even from a confidence piece is probably going to help buyers and

look you know we're part of this but yeah access to property information to know how much your property might be worth or the estimated value for that is easier and easier to get as well and if anyone like me is like me they're checking that value on a weekly basis so i think that that will play into it the

you know the affordability is an interesting piece people tend to hold their interest rate payments if they could afford them unless they have to drop them so you then start to get ahead on your mortgage as well and you start to open up longer term investment opportunities with that increased equity because you speed up rather than yeah so there's a few different dynamics but all pointing in a really positive direction what i can see yeah i think there's good reason to expect most buyer groups to have better years this year than they have in the past

It's a very, very hot topic and it probably has been for maybe 18 months now even, but that 20 to 30 year mortgage is 2050 now and so much of the modeling and the forecasting about climate change and climate events is to 2050 and then out to 2100.

That's now a real consideration for what is this property going to be?

What does this property need to withstand?

And how is that going to change over the next 20 years, 30 years, 50 years?

Because that may be how long we've got an interest in that property, whether you're a lender or an insurer.

So there's a huge focus on what does that mean?