Rate hold may take wind out of home sales

Original article by Lucy Slade
The Australian Financial Review – Page: 25 : 9-Jul-25

AMP’s chief economist Shane Oliver says the Reserve Bank’s decision to leave the cash rate unchanged on Tuesday is likely to "dampen down" enthusiasm among prospective home buyers. He adds that while the decision will not led to a dramatic shift in sentiment, buyers are likely to be a bit more cautious. Oliver had thought there was an 80 per cent chance of a rate cut in July, but he expects the next cut to occur in August. Eliza Owen from Cotality believes that a rate cut next month is almost certain.

CORPORATES
AMP LIMITED – ASX AMP, RESERVE BANK OF AUSTRALIA, COTALITY

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