Australia’s property market is holding its breath. With just two Reserve Bank meetings left this year, a pre-Christmas interest rate cut has become an “inevitable” outcome, according to a leading analysts, offering a glimmer of hope for struggling homeowners and eager buyers.
But don’t pop the champagne just yet. The RBA Governor herself has cast a shadow over these predictions, hinting that the central bank might not be so quick to deliver an early festive gift, leaving the market grappling with conflicting signals.
Dale Gillham, founder and chief analyst at Wealth Within , however, is unequivocal in his assessment, declaring that the RBA’s focus has dramatically shifted from inflation to a desperate bid to prop up a faltering economy.
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