Not very many home loan borrowers will be able to carry an extra 300 dollars a month from a 0.5% rate rise without going into mortgage stress. And most of the tourism industry will struggle as the sugar hit the economy received has worked through and the government needs to draw down debt and deficit.

Our export dependant economy is very much living on borrowed time as is the highly inflated housing market further exacerbated by real estate agents who buy houses then sell them for double in around twelve months to folk who are clueless about real value! Further inflating a huge real estate price bubble. And folk, we've seen this movie before!

And China's current behaviour is not helping them or us nor is the price gouging by national shipping lines or our import strategies!

Once the sugar hit created by record debt works out of a stranded economy. we may see unemployment reminiscent of the Great Depression and really stupid realtors badly burnt by their own greed and stupidity!

If you believe the government can't see this coming? Think again! But kicked down the road until after the election! Just to maximise their vote! After all, that's all that really matters to the capitalist cretins on the hill?

And one never ever helped by debt-laden foreign investors who just abscond leaving the lenders carrying their anticipated losses. Lenders then pass their losses on to the rest of a highly inflated housing market and so the cycle goes full circle as the huge house of cards that is the current real estate market cannot be propped up by stamp duty dependant government!

Those not ruined may get into green steel, lithium, Graphene and electric car sales as price gouged fuel forces many to transition as early as poss into more expensive electric vehicles. Leaving the domestic economy hopelessly mired in record debt!
Alan B.

What recovery?