This announcement by Jim Charmless, the worst treasure in the worst government ever, is not likely to bring people out partying in the streets.

Someone with the time and interest in other people's money problems (mostly self-inflicted) has calculated that the news is worth $2.60 a day on average.

Australians are too used to suffering under the Albanese far Left regime to even wonder in passing why this pathetic effort was possible just before an election.

Rate cut won't help Albo much OR
How one man’s speculative paradise, becomes another man’s hellish housing crisis!

Don't do unseemly victory-laps over today's would be homebuyers, John, facing the death of the Australian Dream. 45-50 years ago, I could and did buy suburban houses for 2-3 x my income. Now it's more like 8-10.

In Jim Chalmers Disneyland, workers not only rejoice at the rate cut, they revel in five quarters of "real wage growth"" with a "million new jobs". Anyone querying these Treasury lies is rebuked by Anthony Albanese

I just saw the rate cut described as “fraudulent”: an omen for the forthcoming election and more fraudulent claims and promises from the economic frauds who make up “this fraudulent government”. These harsh words might or might not be true. A review of the Albanese government’s record of its term in office would probably reveal the answer.

Thanks Steve S - no victory laps, just pointing out that if you start small and are prepared to pitch in and get your hands dirty, you might get a roof over your head, however modest. Obviously today's housing shortage largely due to the Labor Government's Ponzi migration scheme makes things difficult but with interest rates at 17% buying a home to live in or as an investment certainly wasn't easy.