With its burgeoning tourism boom, gosh aren't Sydney hotels becoming rather expensive these days?
This week we looked into booking an 8-night stay in the harbour city for the first week of October and received one quote back from the Four Seasons at a somewhat ambitiously priced A$43,000.
One assumes that was for the penthouse suite.
As a mildly amusing aside my wife once encountered Latino pop diva Jennifer "J. Lo" Lopez in the elevator during one of our stays at Sydney's Sheraton on the Park (two young girl fans asked her for a hug, but alas Jenny from the block politely declined).
Like most people that aren't pop empresses, I will not be shelling out 43 grand for my short stay, although the website being perused still came back with a surprisingly punchy $4,000 quote for the Novotel at Darling Harbour.
Since virtually nobody pays hotel rack rates these days, I reckon the sojourn will end up being about three quarters of that price, but it's another indicator of a state capital economy that is humming along right now.
Housing markets firm
There has also been a good deal of premature arousal about rising mortgage rates.
It's true that investor loans have seen rates tweaked higher, but generally speaking commentary has focused too much on standard variable rates and not enough on discounted rates.
The fact remains that - for all the talk or rising funding costs - depending on the loan-to-value ratio home loans can still be secured from 3.69 per cent.
Just like with hotel stays in Sydney, while some unassuming people will pay the advertised headline rate on mortgages, most will shop around and get considerably better deals.
In any case as residential construction starts to turn down this will likely act as a material headwind to growth in 2018.
Sydneysiders are also increasingly migrating to Queensland for a cheaper cost of living, as tends to happen at this stage in the cycle.
With wages growth generally soft, it should be no surprise that core inflation has been consistently missing the target range to the downside.
And with the expenditure classes set to be re-weighted for the December quarter, this could add even further downwards pressure on inflation in due course.
On balance, though, the most likely outcome seems to be rates on hold for the foreseeable future.
Roll on Wednesday...