Markets15 February 20255 min read
February 2025: the first RBA cut
On 18 February 2025 the RBA cut 25bps to 4.10%. The first cut of the cycle. Property markets responded within weeks.
Market reaction
Auction clearance rates in Sydney rose from 65% to 73% inside three weeks. CoreLogic posted +0.3% for February nationally — Sydney +0.5%, Melbourne +0.4%, the first joint positive print for the largest two capitals since June 2024.
What it changed
The first cut signalled the cycle floor. Investors who had paused waiting for confirmation re-entered. Pre-approval volumes through the major banks rose 22% in March vs February. The Q1 2025 acquisition window was the most competitive since 2021.
Dax Stanley
Founder & Principal Strategist, Hera Property. #1 international bestselling author of Real Estate Investing Using ChatGPT.