18/02/2025
The RBA has cut the official cash rate by 0.25% taking them to 4.10%
After more than a year of stability, the RBA has cut the official cash rate by 0.25% to 4.10%, marking the first movement in rates since November 2023. This shift signals easing inflation and stabilising economic conditions, providing a potential boost to borrowing power and market confidence.
Following a strong spring listings period, the market has started the year at a more measured pace, with listings tracking lower than this time last year. However, appraisal numbers across the LJ Ho**er network continue to rise year-on-year, indicating that many vendors are holding off until conditions improve. Buyer demand remains steady, reflected in positive auction clearance rates and an 8% rise in sales volumes compared to 2023. Rather than falling buyer interest, slowing price growth is being driven by higher listing numbers. With more properties set to hit the market and buyer confidence expected to lift, 2025 is shaping up to be another active year in real estate.
