But forgetting the investors, don't you worry about the statements from the RBA that more people will now be able to afford to buy a home.
If they couldn't afford to buy a home last month or last year why can they afford it now due to only a (approx) $40 decrease in monthly payments.
Doesn't the RBA understand that when people buy a home they get a 20/30 year mortgage and it is a fact that rates will go up again, so in 5/ 7 years max they will not be able to afford to pay off their home and will have to sell and go back to renting?
