The recent rate cut has given housing-related sentiment a strong lift.
The ‘time to buy a dwelling’ index jumped 10.5% to 97.8, a four-year high, and up 37% on last year.
We’ve long anticipated this lift as interest rates ease and expect the index to push past 100 into positive territory soon, a shift likely to fuel further price growth into 2026.
Buyer sentiment has tipped into positive territory in Victoria (101) and Western Australia (102), with WA rebounding strongly after a weak July.
Consumers remain very bullish on property prices – the House Price Expectations Index edged up 0.9% to 164.2, its second highest level since 2013.
Three-quarters (75%) of consumers now expect prices to rise over the next 12 months.
With the ‘time to buy a dwelling’ index now creeping towards positive territory, it signals that buyers are preparing to re-enter the market and competition is set to rise.
As we’ve been forecasting, 2026 is on track to be a standout year for property growth.
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