Is it also time to get cheerful on the Australian economy?

A nod to the comments from New Zealand's Finance minister just a little earlier:

• New Zealand finance minister says its time to cheer up about the economy

How soon can we say the same about Australia's economy?

The past few days have seen some positives.

The election results.

• Even if you are not happy with who won the removal of the uncertainty is a positive.
• Business confidence in Australia traditionally gets a boost after an election, and goodness knows it needs it! Its been in the gutter for a long time so any positives will we welcome.

Earlier today a loosening in mortgage restrictions was announced

• this will be a boost for the property sector and its ditto - goodness knows it needs it
• ps. also on the election the alternative government was proposing measures that would, in all likelihood have kept the property sector a little soft for longer period of time

And now the Governor of the RBA Philip Lowe has indicated he will be considering a rate cut in June

• RBA Gov Lowe: To consider a rate cut at June meeting
• I am so reluctant to say this locks in a June cut (June 4 is the meeting) 'cause of Lowe's hesitancy to move … but this looks like significant new info from the Gov. Its time.