The Reserve Bank of Australia cut rates in February providing long-awaited relief for mortgage holders.
The move is tipped to see property prices gain momentum, particularly if further cuts continue.
“Commonwealth Bank is predicting modest home price growth in Australia’s capital cities in 2025, before the full impact of interest rate cuts sees growth take off again in 2026, led by Melbourne and Brisbane,” reports Australian Property Update.
Specifically the Commonwealth Bank has forecast growth in Brisbane of 6 per cent this year before accelerating to a nation leading 9 per cent in 2026.
Brisbane has started this year in a solid position, clocking up 0.3 per cent growth in January while dwelling prices across Sydney and Melbourne dropped slightly, according to Core Logic data.
So what’s it all mean for buyers and sellers?
Sellers remain in a strong position to achieve solid buyer interest and solid prices.
Buyers can pause for breath momentarily as growth continues, but at a milder pace. Buyers have the added benefit of the rate cut, which will mean lower repayments and could also extend your borrowing power.
All in all, the first half of 2025 is looking like a great time to get into the market and achieve your property goals this year.
Is the rate cut your property springboard? View our current listings for sale or talk to us about selling.
