“Having rescued the economy from damage done by the Coalition and stabilising government debt, the ALP is polling well for a second term in office.”
- An interesting take from Koukalas from back in July. Still valid?
“Having rescued the economy from damage done by the Coalition and stabilising government debt, the ALP is polling well for a second term in office.”
Only 1/3 of homeowners have a housing loan, they’ll be the ones benefiting directly. Investors will not pass on any savings to renters and those owning outright will see a savings hit, going backwards.
We’ve just starting seeing some minor impact on lowering housing prices making it easier for people to buy a place. For example
https://www.abc.net.au/news/2024-12-31/regional-victoria-house-prices-drop-worst-performing-market-2024/104740132
That combined with a reduced immigration rate should see property prices at least stabilise at the stupid levels they’re at now, rather then keep increasing and making it worse.
Cheaper interest rates might give a small short term sugar hit to a few but cheap interest rates are a sign of structural and dysfunctional failure, they allow people to do stupid shit they should not, like constantly bid up housing prices. We have loose lending laws, as the IMF has pointed out for years, compounding the problem and a buch of other dunmb shit like first home owners grants all making it worse.
We have a planet being destroyed before our eyes and we’re getting a nation of fools electing donkeys. Nothing new under the sun there though.
The two party preferred polling rarely exceeds like 4 percentage points difference between ALP/Coalition, if only 10% of home owners notice a difference and shift their vote it’s back towards a likely ALP victory.