I know I’m not the only one who’s breathing a little sigh of relief when the Reserve Bank announced an interest rate cut at 3.00PM yesterday – the first time in seven years. I was sitting at my desk refreshing the business page every few minutes as most industry experts were predicting an interest rate cut and news would filter through by 2.30PM. So much for working!

I think young couples with recently bought homes stand to gain the most in the short term. I wince every fortnight when I’m copping almost $2K a month in mortgage repayments, but I shudder to think how other Melburnians are able to afford their palatial homes in their ‘desired’ suburbs. Even with a dual income, I’d be hard pressed to find a young couple forking out payments for a $450,000 house, which by Melburnian standards is pretty average. *gasp* How on earth do these people survive? Stuff the price of petrol, look at the price of milk! $6 for 3 liters. Ridiculous!

Here’s hoping our reprieve, however short, continues. It’s good to have that extra $44/month in your pocket.

Image from ABC News




You shouldn’t miss out on this infamous speech made by London Mayor Boris Johnson at the London 2012 Hand-Over party after the end of the 2008 Beijing Olympics. It’s incredibly funny, and made me wonder why Melbourne doesn’t have a Mayor Johnson-equivalent. Our bro John So’s alright, but let’s face it he probably needs a translator for us to understand him haha!

Melburnians take note: London is the Sporting Capital of the World. Or so says Mayor Johnson. What do you think?

And for all those who don’t get the ‘XXX is coming home’ bit, it’s a take on England’s ‘Football’s Coming Home’ song. The English football team is crap, yet we hear it every time England plays.