News
Why buyers of all budgets are looking at this north Canberra suburb
Units bucked price drop in these Canberra suburbs
More interest rate cuts likely as RBA confident it's beaten inflation, faces Trump tariff risks
May 07, 2025
May 2, 2025
May 21, 2025
From high-rise unit developments to boutique townhouse complexes and free-standing family homes, Gungahlin appeals to all kinds of buyers. Stone Gungahlin agent Jess Smith says it’s a real mix. “First-home buyers, upsizers looking for family-friendly spaces and downsizers who love the convenience and accessibility of the area are all looking at Gungahlin,” she says. “Buyer confidence is strong, and listings are moving quickly, especially those that are well presented and priced to meet the market.”
From high-rise unit developments to boutique townhouse complexes and free-standing family homes, Gungahlin appeals to all kinds of buyers. Stone Gungahlin agent Jess Smith says it’s a real mix. “First-home buyers, upsizers looking for family-friendly spaces and downsizers who love the convenience and accessibility of the area are all looking at Gungahlin,” she says. “Buyer confidence is strong, and listings are moving quickly, especially those that are well presented and priced to meet the market.”
The Reserve Bank has cut interest rates amid greater confidence that the inflation battle is won, and will remain won, even if borrowing rates fall further from here. Forecasts in the RBA's latest quarterly Statement on Monetary Policy (SMP) offer good news for borrowers, by suggesting that market pricing for a 3.2 per cent cash rate by early next year is compatible with inflation staying near the middle of its 2-3 per cent target range. At 3.2 per cent, the trough in the cash rate would be 1.15 percentage points below its post-COVID peak of 4.35 per cent, implying at least two standard-sized 25-basis-point rate cuts ahead, with the possibility of a third or an outsized rate cut of 35 or 50 basis points. Each quarter-of-a-percentage-point rate cut is worth $76 a month to someone with a $500,000 mortgage.
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