RE:Higher for longer Well, yes of course higher for longer needs to be discussed ...
But equally important, and beneficial to UI is higher for longer and how it impacts renewals as well as the average Joe - I won't say 'most', but 'many' are going to find these rate hikes problematic when it comes to their renewals, and that has already been seen in lower house prices, and we're beginning to see an uptick in listing volume as well.
Nothing is in a bubble here - there are cascading events - and all (or at least the majority) of those events are positive to UI for the future.
Sure, UI has felt some pain, but the future based on my crystal ball is looking a little brighter as UI is concerned
Cheers all