August Market Wrap with Sirah
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 [...]