Rate cut and hopes of more lift Australia home prices to record high in May
Investing.comMonday, June 2, 2025 at 12:02:00 AM
Australia's housing market hit a new record high in May, fueled by a recent interest rate cut and expectations of further reductions. Buyers are jumping in, betting that cheaper borrowing costs will make homes more affordable—or at least prevent prices from rising even higher.
Editor’s Note: For homeowners, this is great news—their properties are gaining value. But for first-time buyers, the dream of owning a home just got a little more expensive. The market's surge reflects broader economic optimism, but it also highlights the growing divide between those already in the market and those struggling to get in. If rates keep dropping, prices could climb even higher, making affordability a bigger headache for policymakers.
— Curated via WP Now’s
