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Yes, can we bring the cost of food down, please?

Now, Brisbane's listing volumes, that remains well below average.

With house and unit stocks down sharply compared to longer term norms, this constrained supply, it does mean that buyers are often competing for limited choices, tightening pricing power and keeping market momentum strong, even when sales volumes soften.

What are some of your observations around this?

How are the low listing shaping buyer competition in Brisbane as we speak?

Yes, those A-grade properties that you're talking about, they're always hotly contested.

And despite softer sales activities, clearance rates and days on market show resilient demand.

Brisbane's median dwelling values continue rising and properties are still often snapped up quickly, which is what you're talking to.

with those auction results and low days on market really signalling buyers remaining pretty engaged in Brisbane at the moment.

So if the sales volumes are down, this really does tell us that demand is still strong.

Brisbane's market does differ because low listings and strong interstate migration does underpin that demand.

As you say, helping property values climb even as Sydney and Melbourne show slower momentum, which is why Brisbane is still recording these price growths and behaving differently to Sydney and Melbourne.

Now, I mentioned at the start that Sydney residents are leading the nation with this regional migration with 41% considering a move.

That is according to the Regional Australia Institute.

And contrary to the stereotype of retiring baby boomers,

49% of Gen Z, that is aged between 18 and 29, are now the most likely age bracket to move into regional areas.

Why?

Well, they are motivated by financial incentives.

they're seeking a better quality of life and opportunities and they're moving away from expensive metro markets.

Regional towns like Dubbo and Port Macquarie have emerged as top destinations for first-time buyers seeking that affordability and those locations are no longer considered secondary but