Big 4 Banks Predict an Interest Rate Decline

What's next for Australia's property market? Interest rate cuts on the horizon? In this video, Luke from Purpose Property discusses the latest news on interest rates in Australia and what it means for the property market. The Reserve Bank of Australia (RBA) has held the cash rate at 4.1% for the third consecutive month, signalling that the end of the rate hiking cycle may be near. This is good news for borrowers, who will see their monthly repayments go down as interest rates fall. However, it's important to note that the RBA is still concerned about inflation, which is running at a 20-year high. The bank has said that it will not cut rates until inflation has come down to its target range of 2-3%.