It's good to see more confidence however that does not translate to house price growth, there is still a lot of people earning good $$$ in secure jobs, especially young people, they are sitting on big savings accounts and have seen consecutive rate cuts, why not make the jump, not everyone's in it to make money and not everyone's looking into the future to where the overall market is headed. The intent of cutting rates is taking effect.
Expensive housing aside, young ones in the 25-35 bracket have never had it so good. I remember having a car loan@11% before i moved it into the mortgage at 6.5%. Now you can walk into Nissan and walk out with a new car interest free.
It's happy days for those cashed up in good jobs. Of which there are many.
