The Australian Housing Market Is Troft Out

Without a new external shock to this market, it's unlikely that this would be a false dawn. We're not really expecting values to start rising materially until interest rates come down quite a bit. The Australian housing market is made up of different geographical markets, but it's also made up ofdifferent property markets within those geographical boundaries. I'm talking about houses versus apartments and the sort of properties that say people retiring might buy compared to people buying their first home. So thinking about the kinds of homes that first home buyers are looking at, what does that market look like now? Has that seen much of the downturn that other parts of the market have seen? What's it like for those people sort