By the reaction in the media, yesterday’s rate cut by the Reserve Bank is the greatest thing since, well, the last rate cut 31 months ago. But the narrative of mortgage stress is a myth — we’re paying off our homes faster.
Mortgage stress
The precious prattling of journalists
Now here’s a question for pollsters: “Lawyers, Journalists or Real Estate Agents – who do you least like?”
The Economy: Housing the battlers
Political economists sometimes talk about the “two speed economy”, the “plight of the working poor” and the paradox of “poverty in the presence of plenty”. There is plenty of evidence that these are issues of relevance to Australia, and no-where is this so obvious as in the market for housing.
