Our houses just keep getting a lot cheaper to overseas buyers so the rate cut is basically a kick in the gut for first time home buyers who are competing with overseas buyers and those that can use negative gearing tax advantages.
Of course those living on interest income will be getting nothing after tax and inflation on what they receive on their safer interest bearing deposits.
Its a real dog eat dog life our political masters from both sides of politics have created for Oz over the last 18 years.
loki (our Oz based goldies just got a shot in the arm, so to speak thanks to Glen the manipulator)
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