After being almost even with the US dollar for the last couple of years, the AU dollar just dipped below 70 cents. Great news for exports from Australia, not so great for imports.
We had a 1% interest rate drop yesterday. Our bank passed on .8% of that. That means about $200 saving for us each month.
Things are tough for some people, and I'm sorry about that. It did have to happen though, and it's going to get much worse before it gets better.
The good thing for me is that if Dazza loses his job and we can't pay our mortgage, we can always go live on Dad's farm and pick mangoes.
I think we'll be pretty right though. Unfortunately though, I think we're going to have to ride out a loss on our recent purchase for probably 10 years or so.