Winter may be approaching, but the recent interest rate cut is expected to warm up conditions and boost buyer and seller confidence in property markets throughout Australia.

Tuesday’s recent rate cut is set to provide modest relief for mortgage holders through slightly lower monthly repayments, while also potentially increasing borrowing capacity for prospective homebuyers.

However, experts suggest the move is likely to trigger a renewed wave of buying and selling activity across the country, further strengthening confidence among both buyers and sellers.

According to PropTrack, national home prices have risen by 3.71% over the year to April, indicating a continued moderation in price growth that began last year.

While some groups—particularly first-home buyers—may favour a further easing in price growth, others, including current homeowners, are likely to view the increase in property values more positively.

Perth’s Winter Property Market Outlook

Perth’s housing market is approaching the winter season with limited stock, robust demand, and steady prices—defying the typical seasonal lull.

Real estate agent and Realmark Managing Director John Percudani said the city faced a significant supply shortage that would continue to shape the market well beyond winter.

“At the moment, we’ve got less than six weeks’ supply to meet current demand, and we don’t see anything changing in that regard,” Mr Percudani said.
“The supply problem will not be overcome in a very short period of time, it’s a major structural problem.”

Mr Percudani noted that buyers should be prepared to act promptly and ensure their finances are in order, as competition in the market is expected to remain strong.

“Price growth is continuing in markets … and with the drop in interest rates, that’s probably going to fuel people’s capacity to transact,” he said.
“That, in turn, may increase demand relative to restricted supply, so prices are likely to stay quite solid through winter and into the rest of the year.”