RBA interest rate cuts expected to drive home-buyer activity but economists doubtful of ‘boom market’
by Luca Ittimani from on (#6XC4H)
Though analysts still expect multiple rate cuts this year, expectations for major drops are evaporating
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As soon as they were told to vacate their Adelaide rental, Nikki and Matt started looking to buy a property amid fears an anticipated string of interest rate cuts would send prices soaring.
At an auction in early May, the young couple secured their first home below the reserve price at a tepid auction against just two other buyers.
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