3 billion - about the same amount they have given to manufacturing solar panels and other renewable start ups that won't pay off for taxpayers. GIVE THE MONEY BACK TO THE TAXPAYERS
@ben_astro Says:
Is our dollar backed by gold?
@williamcrossan9333 Says:
Could I suggest the mortgage payments are made up of the interest rate (which is at normal levels), AND THE PRICE of housing. THAT is the main problem.
With so much demand, a reduction in rates would simply transfer to a higher house price. Basically not enough goods (housing) and too much money chasing it.
@williamcrossan9333 Says:
You would think so Paul, but how do you explain VFacts April new vehicle sales up 18% on the corresponding month in 2023?
Don't forget 2023 was a record high for vehicle sales.
@punk46664 Says:
Imagine being this bloke and thinking "if the govt make it cheaper, Colesworth will pass 100% of the savings on to their customers"
@rabidsminions2079 Says:
I cannot see the RBA reducing rates as the stage 3 tax cuts are due in July only 2 months from now. Tax payers will then get relief.
@Deano00777 Says:
Maybe people on 70k a year shouldn’t have borrowed $1m when rates were rock bottom.
@anitacohen8753 Says:
Oh the romance of housing! It will go on. The former government knew this and kept leaning on the RBA to keep rates low. Now , we are f******!!!!
@chrismo2922 Says:
Elephant > Room > IMMIGRATION.
@adriannalyon9514 Says:
My close friend who works for one of the big four banks, specifically in the home loan division, told me that the employees are always in a state of anxiety and hope that the Reserve Bank of Australia will hold off on raising the cash rate or reducing it because it will make their jobs much more difficult and their customers more irate when RBA raises it. The struggles is real. Time to change careers, mate😢
@dmarshall8366 Says:
Murray this is so boring, name a Western Nation not struggling with inflation. Your pathological hate of Labor is straight out of the Murdoch playbook. I do not vote for them either but you give us the solution to global inflation. The Fed and the Exchequer will be so grateful to you.
@Katu3572 Says:
Rates are at normal levels. Sorry everyone is over leveraged
@UltraPerception Says:
is python a good place to code?
I chose C++ but they are both low level (that means closer to the components on the board)
however Python is a choice. things are slightly different
could not say it is better or worse. Perhaps slightly more user friendly.
Not 100% on that statement.
I would C++ is hard. but i find it rewarding
@robstone4537 Says:
“Ooh, things are bad, we might need to raise rates later this year!” Six months from now: “Things have improved, we don’t need to raise rates. Thank you Jim Chalmers for saving us! What a great guy!”
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