Tim and & I discuss the rate that stopped the nation - the Melbourne Cup RBA announcements perhaps surprised a few, there was an expectation that there may have been a rate rise. RBA have held the cash rate firm, still buying Govt bonds, however they are starting to bring forward their expectations on inflation. Interest rates potentially rising in 2023 vs 2024. There is an expectation that any upwards movement in interest rates will dampen market, alongside affordability, increase in listing numbers and changes in APRA. We discuss levels of growth across the country, impact of reopening of borders especially on the QLD market. Regional markets continue to outperform capital cities with increased housing demand and not enough supply. Auction numbers are up as new listings come on the market. National rents are up, rising at fastest price since 2008 more focused on houses rather than units. Inner Melb and Syd are showing rise in rents towards the end of Oct as these apartments are much more affordable. Affordability continues to be the key factor that is impacting the market.