29/09/2026
The Reserve Bank has today announced a 25 basis point increase, bringing the official cash rate to 4.6%. With Melbourne in the midst of its Spring selling season, what does this mean for buyers, sellers, and household budgets?
Woodards CEO Nigel O’Neil unpacks the immediate market impact. While higher borrowing costs may prompt some buyers to reassess their budgets, changing life circumstances—like upsizing, downsizing, or relocating—continue to drive genuine real estate demand. For those looking to upgrade, a more cautious market can actually narrow the price gap between your current home and your next property, creating unique buying opportunities.
Discover why quality homes in sought-after locations will continue to perform and how to navigate this shifting landscape.
Read Nigel’s full analysis on our blog via the link in comments.