NEWS

The Reserve Bank of Australia has responded to the continued decline in inflation by cutting the official cash rate to 3.6% at its August meeting — the third rate cut in 2025. Rates are now back to where they were in April 2023, down from their peak of 4.35% earlier this year.

The Reserve Bank of Australia has shocked markets and ignored the economic indicators it said it would follow, keeping the cash rate at 3.85% at the July meeting.

The RBA is continuing its promise to cut the official cash rate if inflation looks like it is sustainably making its way back into the Reserve Bank’s preferred target band.

South East Queensland is currently facing a significant rental crisis characterized by a shortage of available properties and escalating rental prices. To address this issue, innovative solutions such as allocating a portion of new developments for investment properties and embracing the co-living concept are gaining attention.

No one was surprised at the 2:30 pm announcement that the bank wasn’t cutting rates. Markets had priced in less than a 9% chance that rates would go down. This was an easy call and not an overly exciting discussion among property commentators.

Co-working spaces became a hive of activity, with the likes of WeWork and Hub Australia seeing record uptake.