The ongoing discussion about rate cuts puts additional pressure on the AUD. In this country, we are a simple lot, politicians working for their own benefit, which our competitors and customers often exploit.
I would say a rate cut is not far off. Trouble is, it will just allow those with existing housing wealth, to become even more well off. Living standards are on the slide. The slice of the pie will become smaller for most.
Harry Triguboff becomes nation’s largest landlord According to Robert Gottliebsen, Harry Triguboff’s mouthpiece at The Australian, Chinese people have been the main buyers of Australian apartments for some years. “Our people (buyers) do financially worse than before because things in China are nowhere as good as before”, he said “The migrants we bring must be from everywhere”.Even though the Chinese are very good. Many countries have residents who would be only too happy to come”.
4:00: Pretty much every buyers agent is screaming from the rooftops of all these rate cuts, which will happen rapidly, reaching the natural level of ZERO.
With the USD/AUD down to 0.62 and the US getting data that supports less rate cuts, Aus will be importing inflation soon and rate cuts will exacerbate it
Highly likely but the the extra $’s saved on the mortgage will be swallowed up + more everywhere else. Rates need to go ⬆️ not ⬇️. Not one person with any balls in power or in the RBA to make the tough decisions which will negatively affect houses prises. #shitshow
i am a jealous that others were able to buy houses during the pandemic. However now that the interest rates are sticking around i'm inclined to bring out the popcorn.
Why are going to bring out the popcorn? The second people get a sniff of a rate cut price increases are going to accelerate at an even greater rate so you’ll be even further behind than you are now (I’m in the same boat as you by the way).
Everyone assumes rate cuts are passed on. They are not, banks do what they like.
A rate cut will mean 30% of Aussies are buggered. Those without housing or inheritance wealth are finished.
Sometimes I wonder if banks and governments have conspired
The banks are underwritten by the government. Privatise the profits socialise the losses.
get ready for a inheritance tax to get people to spend it the one that will get me is equity tax which will take out the asset rich cash poor people
The ongoing discussion about rate cuts puts additional pressure on the AUD. In this country, we are a simple lot, politicians working for their own benefit, which our competitors and customers often exploit.
How many believe the ABS figures?
Inflation won't be coming down anytime soon.
Oil has gone up almost 10%.
I would say a rate cut is not far off.
Trouble is, it will just allow those with existing housing wealth, to become even more well off.
Living standards are on the slide.
The slice of the pie will become smaller for most.
when the rate cuts come thats when the big problems will come also 🚬
Let’s see the dollar fall
Harry Triguboff becomes nation’s largest landlord According to Robert Gottliebsen, Harry Triguboff’s mouthpiece at The Australian, Chinese people have been the main buyers of Australian apartments for some years. “Our people (buyers) do financially worse than before because things in China are nowhere as good as before”, he said “The migrants we bring must be from everywhere”.Even though the Chinese are very good. Many countries have residents who would be only too happy to come”.
Didnt Michelle Bullock say there should be 2 quarters of inflation within the target band before any rate cuts occured. Am i missing something?
Thank you when will RATES FALL. MAYBE NEVER
4:00: Pretty much every buyers agent is screaming from the rooftops of all these rate cuts, which will happen rapidly, reaching the natural level of ZERO.
With the USD/AUD down to 0.62 and the US getting data that supports less rate cuts, Aus will be importing inflation soon and rate cuts will exacerbate it
Highly likely but the the extra $’s saved on the mortgage will be swallowed up + more everywhere else. Rates need to go ⬆️ not ⬇️.
Not one person with any balls in power or in the RBA to make the tough decisions which will negatively affect houses prises. #shitshow
Money isn't everything,
We are led to think it is.
Difficult to live without it.
Piss off the big four will need to make as much out of current rates to support the RBA for the next 7 years?
Looking at 50cent AUD if cuts are in.
Thank you Mr North..
Thanks Martin. Informative as always.
Very welcome
If rate cuts start, AUD will fall into toilets 😢
The Aussie dollar will be worth dog shit
Inflation figures jibbed my power up 49% in 2 years insurance up38% same period add health ins my tablets double in 18 months etc etc
Here comes inflation then comes hyperinflation tick tick tick!
i am a jealous that others were able to buy houses during the pandemic. However now that the interest rates are sticking around i'm inclined to bring out the popcorn.
Why are going to bring out the popcorn? The second people get a sniff of a rate cut price increases are going to accelerate at an even greater rate so you’ll be even further behind than you are now (I’m in the same boat as you by the way).
Nope. Interest rates are not coming down this year until October at the earliest.
the next housing boom coming soon!
Simply no!
Sorry everyone for spending more when buying groceries. I'm just a selfish person who likes to eat a few times a day
No
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