Property developers are weighing renewed market optimism against ongoing challenges after what’s been described as a pivotal moment for the sector: The first interest rate cut since 2020.
The Reserve Bank’s decision to lower the cash rate to 4.10 per cent arrives at a critical point for property developers after 13 consecutive rate rises since May of 2022.
The cut comes as inflation continues to moderate—underlying inflation was at 3.2 per cent for the December quarter, suggesting inflationary pressures are easing more quickly than expected.
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