No hawkers it is not irrelevant if it falls 20% it will flatten out for sometime at that lower rate, or go a little lower still. It could drag out for 5-10yrs maybe longer..it largely depends on economics and income levels..if your talking from a ppor perspective then - there goes your tax benefits.
the RBA knows it cant last and it's a threat to the financial system and the econs in general that's why they are "jawboning". Effects on interest rate reductions are now minimal and the RBA knows lowering the interest rates lower is not going to provide very little assistance to the economy, so it's unlikely to do it..lower interest rates can have a stifling effect on economic growth..
