So do you think this forecast is correct, that rents could go up 15% to 30%?

Look, I think there's quite a big range of what we're expecting rents to go up, but with the government changes, the modelling from the government said rents would go up $2 a week.

Well, we know that's not going to happen.

It's already moving, I think, at about, it's already moved about $10 a week since the budget.

So it's really driven on fundamentals.

Basically, what's happening is the way they've changed the rules now around the taxing is that if an investor buys an established property with a no negative tax, gearing assistance to help with the cash flow, there's going to be a shortfall in cash flow to meet the mortgage.

So renters, the property investors are going to need to increase the rents to cover that.

Do you have a view on that?

So do you think this forecast is correct, that rents could go up 15% to 30%?

Look, I think there's quite a big range of what we're expecting rents to go up, but with the government changes, the modelling from the government said rents would go up $2 a week.

Well, we know that's not going to happen.

It's already moving, I think, at about, it's already moved about $10 a week since the budget.

So it's really driven on fundamentals.

Basically, what's happening is the way they've changed the rules now around the taxing is that if an investor buys an established property with a no negative taxing gearing assistance to help with the cash flow, there's going to be a shortfall in cash flow to meet the mortgage.

So renters, the property investors are going to need to increase the rents to cover that.

Do you have a view on that?

That's not good news for people who have a mortgage if there's a p- the potential for another three rate rises before the end of the year.

Look, the inflation data has come out the last couple of days and it's, uh, it's higher than the- they want it to be, and the Reserve Bank have just this one lever, which is the interest rates.

Uh, and look, I think it depends which economist you're talking to.

Some are talking about potentially one interest rate, uh, rise, others are maybe talking about two, and, uh, some others, uh, may be talking about three.

And look, we do have s- some serious headwinds going on at the moment around the property market.

Interest rates is one of them.

Um, been, really interest rates are driven on the back of inflation and unemployment and that.

For many, even if there were just another two before the end of the year, I mean, they're gonna have to be m- making significant changes to their household budget.

This happens.

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People love to talk about the