62 | Does the Great Australian Dream still exist?

What a week in the property industry!It started off with ABC’s Four Corners Monday night segment called Home Truths. This episode focused on housing affordability and negative gearing and they interviewed a few parties for this segment.Following that, we have the Cash Rate announcement at 2:30 pm on Tuesday. As widely expected, the Reserve Bank of Australia has dropped the cash rate by 25 basis points to 1.75%. A few factors contributed to this decision but one of the main reasons is the defl...