Interest rate cut ignites market

The Reserve Bank of Australia’s decision to cut the cash rate by 25 basis points to 4.1 per cent has signalled a shift in economic momentum, sparking renewed confidence in Canberra’s housing market.

Confidence had already begun to improve in the weeks leading up to the announcement, marking a stark contrast to the uncertainty that characterised the market in 2024.

Agents across the board believe the rate cut will be a catalyst to drive more activity in the market.

Agent Team’s Steve Lowe observed this shift in sentiment at the start of the year, with a rise in registered buyers attending auctions.

“Our open for inspections have also been attracting more people and more interest. And we’re getting offers,” he said.

“We just listed a stylishly updated three-bedroom house in Ron Hoy Street, MacGregor, for $690,000-plus, and it has already received three offers.

“The property will likely sell over the weekend, if not before.”

Auction 06/03/25

30 Archdall Street, MacGregor ACT 2615

4

2

2

View property

McCann Properties’ Mark McCann believes 2025 is set to be a good year of growth.

“I think it will take a little more time for the interest rate cut to properly filter through, but with more drops forecast, we’ll see market sentiment shift,” he said.

“Our last auction attracted three registered bidders, so there are definitely more buyers out there.”

Clearance rates in Canberra have also picked up in 2025, with last weekend recording a rate of 58 per cent compared to 50 per cent for the same period in 2024.