After holding steady in July and surprising many investors, homeowners, and buyers, the Reserve Bank of Australia (RBA) has delivered the rate cut buyers have been waiting for — and created the perfect opportunity for property owners who’ve been sitting on their hands to sell.

For the property market, this much-anticipated cut could lay the groundwork for a robust spring season, said Angus Raine, Executive Chairman of Raine & Horne.

“With unemployment edging higher, the RBA Board remains focused on its dual mandate of supporting full employment while maintaining price stability.

“With this in mind, it’s reasonable to expect another rate cut before year’s end, with the RBA’s November Melbourne Cup Day meeting traditionally a popular occasion for adjusting rates.”

A wet mid-winter pause for buyers

July’s market activity suggests buyers and sellers were sitting tight—partly due to anticipation of today’s rate cut, but also thanks to an unseasonably wet month across much of Australia. According to Raine & Horne, national appraisal volumes fell 8.48% year-on-year in July, while listing volumes dropped 12.36%

Buyer activity weather dependent

Open home attendances fell 13.97% year-on-year in July, according to Raine & Horne, as interest rate uncertainty and a wetter-than-average winter kept many buyers at home. Bureau of Meteorology data shows national rainfall in July 2025 was 8% above long-term averages[i], compared to July 2024 when rainfall was 7.4% below average[ii].

“For many, the mix of soggy weekends and the RBA’s unexpected July rate hold put property plans on ice,” Mr Raine said.

“Expect that reticence to shift quickly now that conditions will begin to warm up, and borrowing costs have just fallen,” said Angus.

For a borrower with a $600,000 mortgage at the start of the cuts, this latest move by the RBA will see their minimum monthly repayments drop by a further $89, according to comparison site Canstar.

“We expect banks to pass on the next RBA cut in full, but borrowers should speak to our finance specialists at Our Broker if that doesn’t happen,” Angus added.

“This announcement will underpin the spring market which is only — weeks away – as longs as the banks do the right thing.”

Why today’s cut matters

This August rate cut gives the spring market the green light it’s been waiting for, Angus continued.

“Lower borrowing costs will improve affordability for buyers and encourage more sellers to bring properties to market,” he said.

Angus is urging owners who’ve been sitting on their hands to list now, with spring, lower interest rates and improving buyer sentiment creating ideal selling conditions.

“Now is the perfect time to make a sell, especially with buyer sentiment set to lift alongside the new spring season and the prospect of sunnier weekends ahead.”

If you’re considering listing a property before the spring market starts to heat up, contact your local Raine & Horne agent today.

[i] http://www.bom.gov.au/climate/current/month/aus/summary.shtml?cid=006fb15&utm_source

[ii] http://www.bom.gov.au/clim_data/IDCKGC1AR0/202407.summary.shtml?utm_source