Australians should really be counting their blessings as the lucky country has once again found itself in a sweet spot relative to most of the world.

Think of the positives.

While the Reserve Bank kept interest rates on hold this month, the expectation is that we will receive a cut in interest rates next month, and its odds-on we will receive at least one more this year.

Interest rates cuts will push up house prices.Credit: Eddie Jim

(And around 90 per cent of us will squirrel the money saved on interest in an offset account – which says a lot about the lack of mortgage stress across the broader cohort of borrowers.)

And most economists are in agreement that the rate cuts coming down the pike will prompt further increases in the value of homes – so the two-thirds of the population that own property will certainly feel wealthier.

And for all working Australians who are compulsorily invested in superannuation, the booming sharemarket is another reason we are getting richer, albeit passively.

While many economies are panicking about the effects of Donald Trump’s imposition of tariffs … Australia, perversely, will be a net beneficiary of this otherwise debilitating trade policy.

This mood is reflected in the latest ANZ Roy........

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