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Speaker 1: Speaking of housing markets moving, we're up zero point one

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Speaker 1: for the month, so don't break out the champagne just yet,

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Speaker 1: but it does break five months of decline. As usual.

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Speaker 1: It depends on where you are in the country, so

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Speaker 1: it's a crunch. A few markets can get a Vibekelvin

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Speaker 1: Davidson's kotells he's chief property economist, end is back with

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Speaker 1: It's Calvin Morning, Good Morning. One month does not a

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Speaker 1: summer of profit.

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Speaker 2: Make no, No, that's right now, and you've got to

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Speaker 2: put it in the context of five previous falls. So

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Speaker 2: I mean the market's pretty flat and just reflecting. Yes,

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Speaker 2: in straights are down, but economistly, people still feel a

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Speaker 2: bit cautious.

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Speaker 1: So at zero point one, what do we see spring

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Speaker 1: interest rates, foreign buyers mar I mean, I think.

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Speaker 2: Yeah, I think I mean confidence in the economy. I

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Speaker 2: guess can be a little bit circular in which drives

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Speaker 2: the other, you know it can It can probably be

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Speaker 2: a bit both ways. But I think that there's signs,

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Speaker 2: the signs of some hints and green shoots coming through

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Speaker 2: in the economy. We know infrastrates are down, it'll pass

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Speaker 2: through to borrowers more as we progress through. So yeah,

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Speaker 2: I think twenty two sex is looking better, but just

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Speaker 2: right now things are pretty.

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Speaker 1: Slat Well, how much way do you place on the

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Speaker 1: next couple of meetings before the end of the year

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Speaker 1: from the RB, so let's call it fifty points before

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Speaker 1: the end of the year. Are we all sitting, you know,

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Speaker 1: coiled springs of anticipation waiting for this to happen.

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Speaker 2: Yeah, I think it could be pretty significant. I mean,

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Speaker 2: I've heard the word circuit breakath being bandied about a

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Speaker 2: little bit. I think it just needs a sort of

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Speaker 2: shock treatment for lack of a better word. And I think,

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Speaker 2: you know, get in to get into the next year,

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Speaker 2: get into summer. You know. I think there's there's some

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Speaker 2: some cause for optimism coming through, but we also need

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Speaker 2: the economy to turn around. And it can be a

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Speaker 2: bit circular, of course, but people start to see some

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Speaker 2: better economic news, confidence picks up and it flows right

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Speaker 2: through good stuff.

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Speaker 1: Calvin, appreciate your insight, Kelvin Davidson out of captality. Auckland

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Speaker 1: down a bit. This is for the month of Auckland.

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Speaker 1: Hamilton Flat Tower is up, Wellington's down, christ Jute up

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Speaker 1: quite a lot and even up as well. So the

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Speaker 1: further south you go, the better it get. For more

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Speaker 1: from the mic Asking Breakfast, listen live to news talks

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Speaker 1: that'd be from six am weekdays, or follow the podcast

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Speaker 1: on radio.