Australia’s Property Market: Rate Cut in Sight or Just a Dream?
Hey everyone, Ian here from Extra Realty with your weekly market update. Let’s dive into what’s happening in the property market as we approach the end of 2024. There’s been a lot of speculation about when the RBA might cut the cash rate. I’ve been thinking we might see a rate cut as early as December or early next year, especially given the current cost-of-living pressures and the squeeze on household budgets. A rate cut could offer much-needed relief for mortgage holders, especially heading into the Christmas season. However, some experts are less optimistic about an early rate cut. Economist Dr Andrew Wilson recently suggested we might not see any Cuts until much later in 2025. According to Dr Wilson, […]
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