At Lumby Real Estate, The Reserve Bank’s recent 0.25% cash rate cut, bringing it down to 3.85%—the lowest since May 2023—offers welcome relief to homeowners and boosts borrowing capacity for buyers. However, economists caution that this could push property prices up by 10% by year-end, prompting buyers to act swiftly.
Further cuts expected in the coming months will create cheaper money for housing, adding fuel to an already strong demand. In the Hills District, known for its family-friendly lifestyle, the market is set for renewed activity. CoreLogic reports that outer suburban markets are leading capital gains, suggesting our local area could see significant growth.
Investors are already taking advantage, with new investor loans reaching near-decade highs across Australia. As borrowing capacity increases—potentially by up to $75,000—buyers face increased competition in an already tight market. Sellers find themselves in an enviable position, with demand surging and prices climbing. It’s an opportune moment to list properties.
At Lumby, we’re ready to help you make the most of these dynamic conditions. Whether you’re buying your dream home or thinking of selling, now is the time to act. Don’t let this moment slip by—reach out to the Lumby team today and let’s navigate this exciting market together.
