"Normally this far into an easing cycle things should be running quite a lot stronger than they are," said Shane Oliver, chief economist for AMP Capital Investors.
"Every time interest rates have been cut over the last 20 to 30 years there has been a response in the housing sector. We haven't seen the same response this time."
Anyone know why? It certainly has the experts perplexed?
I like one of the comments to the above articles quoting David Collyer:
"Failing to recognise a $2 trillion bubble when Australia’s GDP is $1.35 trillion seriously undermines the standing and credibility of many of Australia’s so-called experts,” Prosper Australia Campaign Manager David Collyer
