yes RBA has been shockingly ignorant of the high AUD ..and its destructive Interest rate settings creating an imbalance to the Oz economy..
they were worried about rising Sydney City home prices ..yet it wasn't local Residents sending prices up ..it was Foreigners buying our Homes with cheap money from Japan USA and China millionaires ..all taking advantage of our High Rent yields at 5% ..with Negative Gearing Tax incentives to help pay back the cheap low rate loans ..so No taxs paid.
RBA asleep looking in the wrong direction (internally ) for causes of High house price growth .. so AUD stays unnecessarily high ..kills miners + hinders exporters .
If Rates were lowered ..and we had better restrictions on EXISTING Homes being sold to foreigners ..we wouldn't be in this high AUD mess now.
BCI Price at posting:
49.5¢ Sentiment: None Disclosure: Not Held
BHP Price at posting:
$28.93 Sentiment: None Disclosure: Not Held
MGX Price at posting:
24.5¢ Sentiment: None Disclosure: Not Held
RIO Price at posting:
$56.09 Sentiment: None Disclosure: Not Held
AGO Price at posting:
15.0¢ Sentiment: Buy Disclosure: Held
FMG Price at posting:
$2.57 Sentiment: Buy Disclosure: Held
GRR Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held
AJM Price at posting:
5.1¢ Sentiment: Buy Disclosure: Held
