if voters are feeling economic pressures lifting

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

www.abc.net.au/news/2024-12-31/…/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.