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2025-08-01 09:52:48
[Australian house price outlook optimistic, boosted by expectations of interest rate cuts] Australian house prices rose for the sixth consecutive month in July, boosted by continued market speculation that the Reserve Bank of Australia will further cut interest rates in the second half of this year. Data from real estate research firm Cotality showed that the house price index rose 0.6% month-on-month in July, with the strongest increases in Brisbane, Perth and Adelaide. Cotality said that market conditions indicate that house prices will continue to rise for the rest of 2025 and throughout 2026. The report said that given that two to three more interest rate cuts are expected in this easing cycle, it is difficult not to be optimistic about the outlook for the next 18 months. After the second quarter inflation data released on Wednesday showed that inflationary pressures appeared to be under control, financial markets expect the Reserve Bank of Australia to cut interest rates for the third time this year at its policy meeting in a few weeks.
