It was welcome news this month when the Reserve Bank of Australia confirmed what had been widely anticipated: a 25-basis-point reduction to the cash rate. The third decrease this year and now resting at 3.6%, (a figure not seen since April 2023) it’s injected fresh optimism into the market.

History also shows that when a rate cut occurs, so too does a lift in buyer confidence and activity. True to form, national auction volumes surged to a seven-week high immediately following the RBA’s announcement. Cotality’s Property Market Indicator Summary reported a preliminary clearance rate of 75% across the combined capitals – the highest since April last year.

Amid this fresh new pace, REA Group senior economist Anne Flaherty cautions that renewed demand will likely push prices higher. The Commonwealth Bank has chimed in too, forecasting national growth of 6% through 2025 and a further 4% in 2026. These predictions are consistent with PropTrack’s Home Price Index, which shows Australia’s median home price reached a new record in July, up 0.3% for the month and 4.9% over the year.

Brisbane also continues to shine. Achieving a staggering 32nd consecutive monthly record, the median house price climbed to $1.067m – lifting from $1.015m in June. However, regional markets remain the standout performers. Rising 0.4% in July and 6.5% year-on-year, it reflects the lifestyle appeal driving migration trends.

At Hinternoosa, we are experiencing the same momentum. With the traditional “selling season” almost upon us, it has been encouraging to see a 34% increase in our open home attendance and a 42% rise in private inspections over the past month. Additionally, proactive teamwork and increasing buyer urgency have resulted in multiple offer situations and pre-auction sales for our clients.

147 Blanckensee Road, Black Mountain, and 66 Templeton Way, Doonan, sold prior to auction. In Cooran, 40 Queen Street and 13 Charles Street went under contract in 17 days, while 27 Arbour Place, Doonan, was secured in just 8 days – all with multiple offers. It took only 7 days for 17 Cope Street, Nambour, to be snapped up after receiving 9 offers, and 74 Maple Street, Cooroy, attracted five offers within 12 days.

If you are considering your next move or simply curious about your property’s position in today’s market, the Hinternoosa team would be delighted to assist. With local expertise, a genuine passion for property and commitment to first-class customer service, we are here to guide you home.