Tony Alexander

So I think we would revert back to the housing market improving.

But even before the Iranian event, at best we were looking at prices on average this year maybe gaining 3% or 4%.

It's still going to be a relatively mild outlook because of good supply.

Yeah, that's right.

That's been the case since early 2023.

They jumped into the markets with the prices having fallen, not much competition out there and feeling good job security eventually.

And still a net 26% of agents saying they're seeing more first home buyers.

So from a societal point of view, this is really positive.

Good supply, lots of young people able to make a purchase.

Maybe a few more of them will stick in the country.

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Yeah, definitely.

This is a characteristic, I guess, for New Zealand.

We pretty much all view Australia as part of the labour market we can go into.

And as long as you don't have a bad conviction or you're not already a 501 deportee out of Australia, next week you can be on a plane and working anywhere across where we are now in Oz.

And New Zealand has a history where our migration numbers

tend to get moved around a lot by Kiwis going overseas or coming back.

In Australia, it's different.

For yourselves, it's more definitely the migration policy of the federal government.