Shire Locals Camp Outside JB Hi-Fi in Wild Celebration of Possible Interest Rate Cuts

Finn Seabrook | Local Correspondent | Sutherland Shire Gazette

18 February 2025

In a move that has economists scratching their heads and JB Hi-Fi staff fearing for their safety, a queue of eager shoppers was spotted snaking around the block at Caringbah’s JB Hi-Fi last night. The reason? Anticipation of rumoured interest rate cuts to be announced today —and the sudden ability to justify a 75-inch OLED 8K TV just in time for the NRL season.

While most financial analysts suggest any future cuts will be “modest” and “marginally reduce mortgage stress,” Shire locals have interpreted this as “permission to go absolutely nuts” on high-end electronics. “Mate, the way I see it, if the RBA even mentions lower rates, I’m getting that big screen,” said local resident Dave Thompson, who was spotted outside JB Hi-Fi in a camping chair. “It’s practically an investment. What am I gonna do—not upgrade before the Sharks kick off in Vegas?”

Others in the queue shared similar logic. “If I can afford one extra smashed avo toast per month, I can afford a home theatre,” reasoned another local, who was seen checking if Afterpay had extended their credit limit.

JB Hi-Fi staff, accustomed to Boxing Day sales madness, were caught off guard by the wave of early shoppers. “We expected chaos when the new PlayStation dropped, but this is next level,” said one employee. “Some guy just asked if we could pre-order interest rate cuts like a new iPhone.”

With the RBA set to make its official announcement later today, financial advisors are urging caution and warning against reckless spending. However, Shire residents remain undeterred. “Worst case, I’ll just refinance,” shrugged one shopper, patting the box of his newly purchased 85-inch TV. “You can’t put a price on footy season in 8K.”

Interest Rate Cuts JB Hi-Fi