Interest Rate Cut: What It Means for Sellers
The Reserve Bank of Australia (RBA) has just reduced the official cash rate by 25 basis points to 4.10% yesterday, signaling a potential shift in the property market. This decision follows a decline in annual inflation, bringing it closer to the RBA’s target range of 2-3%.
As a result, lenders are expected to adjust their variable-rate products, making borrowing more attractive for buyers. Lower interest rates can increase demand, bringing more motivated buyers into the market and potentially driving up property prices.
If you're considering selling, now may be the perfect time to capitalize on improving buyer confidence. Let’s discuss your options and how this rate change could impact your property’s value. Reach out today for a market appraisal!
