When has rate cut in the US and Japan helped to either prevent or revive their housing market.
How about try ZERO interest rates (and kept there for 3 years) in the case of the US and (kept there for more than a decade) in the case of Japan.
Don't you know this is the famous pushing-on-a-string conundrum. A meltdown once started (as it has) can't be stopped. It's called a chain reaction.
Not only will it not work. Inflation will exacerbate and the AUD will crash. Get ready for $2.50 a liter for unleaded and all the asian property punters stampede to get out of the crowded "housing" theater on fire. Just don't shout FIRE !
