Good post Jovanco. You will not stop young folk buying in outer areas as they start out in life and should the rates drop increased activity at existing prices would benefit the economy. What it does do is stop any dramatic drops in prices albeit not in real terms.
Hopefully the RBA has not left it too late but as I posted a while ago, by the time this slow bunch wakes up it may be chasing its own tail to undo the damage done to other sectors of the economy whilst asleep at the wheel as usual. They are too moribund with their policy of looking at lagging statistics rather than having some proactive nous.
