The Cost of Owning a Home

Over the last decade, there have been a million new first homeowners. People are still getting onto the property later, aren't they? They are. But I think there's a number of reasons for that, not just affordability. The access to information, borrowing capacity, borrowing power,. There's a lot of advantages that first-time buyers have today that just weren't present even 10, let alone 20 years ago. So certainly borrowing capacity has made that contribution over the last two to three decades. To what extent it's difficult, I would say it's probably a material contribution.