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This has been one to death – but I’m sure you’ve impressed your mates, FHB. It’s not an issue of cost and availability of finance. The IMF was merely pointing out the fact that unlike the USA, most Australian “home owners are benefiting as interest rates fall”.

I’m intrigued. Can I ask what motivated you to buy recently – given those dire expectations? Again, the point is the IMF are saying is that interest rate reductions will have a much greater and more immediate positive effect here compared to countries where consumers predominantly take out...

I agree with you on this.

FHB, We may not have had the particular crash that YOU wanted to have in 2008 but we are experiencing a LCFC (Local Cost-of-housing Finance Crash). This, of course, has delivered the affordability that many FHB’s were wishing for. It’s also improved affordability for existing home owners...

I don’t think you understand the fixed rate argument. What the IMF are saying is that interest rate reductions (not the rate itself) will have a much greater and more immediate positive effect here compared to countries where consumers predominantly take out fixed loans. It’s not relevant to...