Third cut of the year, taking the cash rate to 3.60%. Three cuts since December is no longer an ambiguous signal, this is a genuine easing cycle, and the market's treating it that way.
Every open home I've been to this month has felt different from the ones a year ago. More buyers, more competing offers, a sense of urgency that had mostly disappeared through the long hold at 4.35%.
I've started actively looking again after more than a year of just holding what I have. Not because the fundamentals changed, they've been strong the whole time, but because the financing side of the equation has finally loosened enough to make new purchases pencil out the way they used to a few years back.