Absolutely agree that it will help with the hip pocket. Any material impact on underlying inflation is absolute smoke and mirrors IMHO.Point taken - the RBA won't be persuaded by it. I'll take it though. Granted, my wallet definitely gives a shit what interest rates are doing.
I also think it should have been means tested somehow (I don't actually know the mechanics of how that could have worked). My first discount came through in our last bill... I certainly don't need it (not that I'm giving it back any time soon).