Another interest cut...
Sure sign that we have BIG issue with highly indebted economy.... we are at the peak of DEBT now.. and only way to keep DEBT balloon floating is to keep interest at historically low...
On another point...regarding HEM expenses ....Toothless ASIC is trying to revise how bank access expenses of borrowers...
Bank are protesting saying it is intrusive ... and will raise a cost of some products...
Banks are so worries about customers suddenly
.....
Very funny to watch this SHOW... SHOW MUST GO ON..
Very irresponsible of Government ..
1. They keep high immigration...
2. They do not let housing deflate slowly but rather keep people addicted...( using all sort of tools... cut interest rates... do not allow HEM revision... others...)
Sooner or later law of gravity will prevail...
Once family starts spending over 50-60% of salary on mortgage repayment .. then party will be over...
We have to realize HIHG immigration does not help SALARY growth for employees...
