Blaming our national treasurer for low interest rates is a...

Blaming our national treasurer for low interest rates is a choice you may be happy with but I suspect there are millions out there who are finding low interest rates more of a blessing than a curse.

Really?

Roughly, one third of Australians own their own home OUTRIGHT. One third rent. One third pay mortgages. Of the third that pays a mortgage I'd guess that half of them have been in their Casa for over ten years so a percentage point on their mortgage is something/nothing.

What does that leave? 16% with mortgages large enough to appreciate a rate reduction and that might be millions.

But that 33% who own outright [a bigger number] get less return from their savings. You think it a good thing that savers subsidise young aspiring homeowners and young/middle-age property investors? I don't.

Everyone, including the mortgagees also pays higher insurance because the ins companies get a pittance on the highly rated investments they are forced to make.