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The Reserve Bank of Australia has kept the official cash rate on hold at 3.85 per cent at its July meeting, choosing to pause after two consecutive rate cuts earlier this year.

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The Reserve Bank of Australia (RBA) has delivered a second interest rate cut for 2025, trimming the official cash rate by 0.25% to 3.85%. This follows the February cut and signals a shift in the economic tide as inflation begins to settle and housing conditions moderate.

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The number of landlords selling up in Victoria is causing concern that the Allan government’s upcoming state budget will take a hit in property tax revenue. Victorian property experts have warned next month’s state budget is facing a property investor-shaped hole, with fears stamp duty and land tax will be hit by a landlord exodus.

Renters across Melbourne are facing crushing financial pressure, with even high-income earners struggling to keep a roof over their heads.

In a widely anticipated decision, the Reserve Bank of Australia (RBA) has opted to keep the cash rate steady at 4.10 per cent in April, aligning with predictions from the majority of economic experts. RBA Governor Michele Bullock made the announcement at 2.30 pm today, reinforcing the central bank's cautious approach to monetary policy.

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According to the REIA, Australia is facing a notable decline in residential property investment, raising alarms about future rental and housing shortages.

Following weeks of speculation and constantly shifting forecasts, the Reserve Bank of Australia has on Tuesday handed down its first cash decision in 2025, electing to cut Australia’s cash rate by 0.25 percentage points to 4.10 per cent, following a meeting of the board’s governors this week.

Two new property taxes will be imposed from this month on the state’s struggling property market — already the weakest in the country. More taxes are set to hit the struggling Melbourne property market.

As mortgage holders across Australia continue to grapple with the financial strain of thirteen consecutive Reserve Bank of Australia (RBA) rate hikes, optimism is cautiously growing around the prospect of rate cuts in 2025.