News & Tips
Experts say inflation is steady but don't Count on a July rate cut just yet
Australia's inflation figures remain steady, with the monthly rate at 2.4% in April and the trimmed mean CPI increasing slightly to 2.8%. While the Reserve Bank of Australia recently cut the cash rate to 3.85%, the path for future rate cuts is still evolving.
Our Chief Economist, Matthew Bell, offers a clear perspective:
"So, no material change in the outlook for rate cuts for the rest of the year, or their impacts on property markets. Mortgage holders and purchasers can still expect some relief or a boost to their purchasing power by Christmas."
“Before the meeting, markets had priced in a 74 per cent chance of a July rate cut. Half an hour after the release, the market had eased the chance to 63 per cent, a small repricing of expectations,” he said.
Still, Bell added, “three further rate cuts in total are still forecast for the remainder of 2025. So, no material change in the outlook for rate cuts for the rest of the year, or their impacts on property markets. Mortgage holders and purchasers can still expect some relief or a boost to their purchasing power by Christmas,”
This outlook reinforces our positive sentiment for the Melbourne property market. We're here to help you navigate these conditions and seize the opportunities ahead, ensuring you're well-positioned whether you're looking to buy, sell, or invest.