The almost inevitable interest rate cut announced by the RBA last Tuesday has been welcomed by buyers and sellers alike, pointing to a possible change in pace for the market. While interest rates naturally influence affordability, the more significant impact on our core markets is sentiment — whether buyers believe now is the right time to act or if they should take their time.
This latest decision, paired with the strong likelihood of further rate cuts later in the year, could be the push some buyers need to step off the sidelines. For sellers, it reinforces an already positive backdrop, with healthy buyer activity and strong attendance at opens continuing across most price points.
Market conditions have been robust for several months now, supported by stable stock levels and an active buyer pool. The added tailwind of an interest rate cut has the potential to sharpen decision-making and accelerate transactions, particularly in competitive segments where desirable properties are attracting multiple offers.
For those considering selling, the current environment is an opportunity to capitalise on this rising confidence. Buyer competition remains high for well-presented homes priced appropriately for the market, and with the spring selling season fast approaching, now is the time to prepare.
If you are thinking about making a move, speak with your local Marshall White team to ensure you are well-positioned to take advantage of these favourable conditions.
