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Why don't we go to zero percent? Because inflation will go nuts. Countries like the US are in way more trouble than we are. Imagine if their rates weren't at zero...

Stagflation? Possibly. If we do get genuine stagflation that will be even better for property in the 2020's. I'm planning to sit tight on my current portfolio for at least 5 years while I focus on paying down my new PPOR. After that I'll look for signs of a turnaround (which I'll admit...

This is one of the reasons why I suspect we will have a prolonged stagnation for another 5-7 years. Hold through that (cashflow positive - yay), and there'll be some good gains during the 2020's.

It could be much worse - hobo-jo's posts here are pretty tame compared with some other sites.

That's an interesting point. It's hard to tell whether they are just doing this as a way of getting tradies to accept their vehicles. FWIW, if I were a tradie I wouldn't even consider an Amarok.

My reading of all this is that the RBA needs to think about reducing interest rates. I've always been of the opinion that the RBA will try not to drop rates, as it represents our last big 'easy' stimulus (and has the effect of reducing the value of the dollar). The problem, of course, is they...

A big +1 from me. My builder who is renovating our new house told me this week that he is getting about 10 calls a week from people he has dealt with in the past looking for work, as there is nothing around. Once our renovation is done, he has no further work. At my work, we took a decision...