"RBA has stated numerous times that households are paying off more on their mortgage and faster and this is why retail etc is slowing.
Maybe you need to do more research than just relying on assumptions. "
Isn't this fact just reinforcing how unaffordable our housing really is? Doesn't it idicate the debt required is so high that even with historically SUSTAINED low interest rates people choose to pay down their debt faster rather than take on more or increase discretionary consumption?
I don't understand how your response is a retort to the original post.
