Still focusing on property specifically; if an interest rate drop does happen, the Sydney buying frenzy continues. If they manage to achieve that 70 cent USD target; AUS becomes even MORE enticing to foreign buyers = buying frenzy (at stupid prices) continues.
Not being grim but isn't this a 'damned if they do, damned if they don't scenario for the RBA in specifically property values terms?
I think the RBA should do what is right for the broader economy. Property will just have to sit and deal with it.
But then, I place blame squarely on the government for any fallout, not the RBA. Poor, lazy policy-making / policy in-action. And, I say this as a beneficiary of all the tax 'trinkets' afforded to me simply because I earn a full time salary and have some investment properties.
Anyway, rant over (don't want to sound too much like an smh article comments thread!)
Not being grim but isn't this a 'damned if they do, damned if they don't scenario for the RBA in specifically property values terms?
I think the RBA should do what is right for the broader economy. Property will just have to sit and deal with it.
But then, I place blame squarely on the government for any fallout, not the RBA. Poor, lazy policy-making / policy in-action. And, I say this as a beneficiary of all the tax 'trinkets' afforded to me simply because I earn a full time salary and have some investment properties.
Anyway, rant over (don't want to sound too much like an smh article comments thread!)