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Freckle, just curious here. Seeing you are on a property forum, do you actually own anything? Your musings are mostly doom and gloom, even though we are seeing the lowest interest rates for more than 50 years.

Ah, yes. You refer to Peru, Myanmar and Uganda - economic powerhouses that really have a place in the OECD. Not!

The RBA is jawboning this news to economists and journalists. Those who don't tow the line are cut out of future briefings.

I presume you were in primary school when Negative Gearing was abolished. My recollections are more clear - I owned property at the time. Rents rose massively within a year of the removal of NG. I've never seen anything like it happen in my many years of property investing. Although economists...

They tried that in 1985. As a result, rents skyrocketed and they had to restore Ngative Gearing within a year. The slogan d'jour seems to be "Macroprudential Controls" ie. making it harder for folks to qualify for loans.

Thanks to the RBA's private jawbonings to journalists and economists, it's now a minority of economists who think rates won't be cut. If you are in debt, this is great news. When peoples IPs are cash flow positive, they are less likely to sell...