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Well, let's take an example of somewhere like london, which is an interesting city because we've got three office markets there broadly. we've got the west end office market, so that's the area around mayfair, oxford street, bond street. we've got the city of london around the bank of england, then we've got canary wharf out on the east side. if you look at the vacancy rates in those different office areas, so in the west end, where there are bars and shops and theatres, you have the lowest vacancy rates, just 4—6%. in the city of london, which is more traditional, 8—10% vacancy, and in th...

Rates, just 4—6%. in the city of london which is more traditional, 8—10% vacancy, and in the very office heavy and at canary wharf, sort of 15 — 17% vacancy. what it is showing is we have demand for offices in some of the areas where people want to go. what holds up property valuations is the rents that people want to pay, so super prime, premium rents are holding up, people very much want those sorts of offices and so that is supporting those sorts of capital values. so we see the super premium offices probably have a 20% premium over more traditional standard offices. during the pandem...

Where people want to go. what holds up property valuations is the rents that people want to pay, so super prime, premium rents are holding up, people very much want those sorts of offices and so that is supporting those sorts of capital values. so, we see that super premium offices probably have a 20% premium over more traditional standard offices. during the pandemic, rents actually held up surprisingly well, people continue to pay their rent. the other component for property values is interest rates. recently we have seen a spike in interest rates. what that does is it tends to depress the v...

A single mum who suffered a panic attack when discovering her new Auckland Council rates bill now says she will be forced to sell her home as the cost of l

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