Tumbling inflation, housing-friendly state budgets set to shake up property market
The case for another rate cut just grew irresistible and, together with a series of state budgets with the housing crisis in their sights, looks set to influence property markets for the year ahead.
Inflation has reached the end of the road and has returned to well within the RBA's preferred range. (Image source: Shutterstock.com)
Plunging inflation and a series of housing-friendly state budgets have added more fuel to property market prices that had already rekindled in in the past few months.
Inflation figures released Wednesday (25 June) by the Australian Bureau of Statistics show that the annual trimmed mean, a measure of underlying inflation, was down to 2.4 per cent in May, from 2.8 per cent in April, the lowest rate since November 2021.
The headline 2.1 per cent a…
