The Volatility of the Australian Housing Market

There's definitely some evidence that those people that purchased around the peak would be in a negative equity situation at the moment. So if you bought into a market like say the central coast or the northern beaches of Sydney, housing values in those areas fell by more than 15%. In some cases, to take a look at some market like Byron Bay or Nusa is a really good example where housing values rocketed about 50 to 60% higher through the upswing. Do you think we have a more volatile market here? And should we try and fix that? I know in America, a lot of people have much longer term fixed rates, which means when their central bank jacks up rates, it