Bit of typical rambling going on there now that the rate cut is going through. When last month's cut filters through plus this one and others to follow I sense a severe case of sour grapes and fear creeping in ... going by the calibre of the posts. Cash is become a little less kingly and that cash under the mattrass seems to be getting a little damp!
This is going to instill confidence to spend and save more at the same time and Perthites I would be concerned as it could be explosive in the sought after suburbs.That could filter through to neighbouring burbs.
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Glen Diemar, MD
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