Australian House-Price Outlook Upbeat With Rate Cuts Loaded

By James Glynn

SYDNEY--Australian house prices posted a sixth consecutive monthly rise in July, supported by ongoing speculation that the Reserve Bank of Australia will deliver further interest-rate cuts through the second half of the year.

The home value index rose 0.6% in July from June, according to property research group Cotality, with the strongest growth reported in Brisbane, Perth and Adelaide.

Market conditions bode well for ongoing price growth through the remainder of 2025 and 2026, Cotality said.

With two or three interest-rate cuts still expected in the easing cycle, it's hard not to be optimistic about the outlook for the coming 18 months, according to the report.

Financial markets expect the Reserve Bank of Australia to deliver a third cut in interest rates this year at its policy meeting in a few weeks, after second-quarter inflation data on Wednesday showing prices pressures appear to be tamed.

Write to James Glynn at [e-mail]

(END) Dow Jones Newswires

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