The Reserve Bank of Australia has officially launched what’s being dubbed the ‘Year of Cuts’, with its second cash rate reduction for 2025 confirmed this week and for buyers, it’s setting up a prime window of opportunity.
On 20 May 2025, the RBA lowered the official cash rate by 0.25%, bringing it to 3.85%, the lowest level that’s been seen since early 2023. It follows months of speculation and signals a clear intention to stimulate the property market and ease cost-of-living pressures for borrowers.
According to Hope Coumbe at realestate.com.au, the cut means considerable savings for mortgage holders, with repayments on a $750,000 loan expected to drop by around $120 a month if lenders pass on the cut in full.
REA Group senior economist Eleanor Creagh said the decision offers much-needed relief for buyers.
“Affordability remains a challenge and sustained affordability improvements will depend on further cash rate reductions over time,” Creagh explained. “At the same time, population growth and a persistent undersupply of new housing continue to underpin prices.”
With Melbourne and Adelaide leading the way for monthly price growth in April and expectations for further rate cuts later this year, timing your purchase now could mean locking in today’s prices while settling in a far more favourable lending climate.
While market conditions are improving for buyers, choosing the right developer is just as important and that’s where Norus Projects stands out.
At Norus Projects, we’re proudly committed to creating thoughtfully designed, high-quality residential communities in sought-after, liveable locations. Our portfolio includes boutique, architecturally considered developments with a strong focus on lifestyle, amenity and long-term value.
Here’s why buyers consistently choose Norus Projects:
Buying off-the-plan with Norus Projects means you can secure your future home at today’s price, while giving yourself time to save, sell, or plan your move ahead of completion all while benefiting from potential capital growth during the build period.
According to Metricon CEO Brad Duggan, confidence is key in these market conditions.
“This interest rate cut gives people confidence from a financial point of view, but they still need confidence in the build journey.”
At Norus Projects, we pride ourselves on providing both. Our projects are delivered with integrity and our dedicated team is with you from the first enquiry to settlement and beyond. When you buy from Norus Projects, you’re joining a community built on genuine care, transparency and long-term quality.
With further interest rate cuts expected in August and November, according to forecasts from Commonwealth Bank and Westpac, now is the ideal time to explore Norus’ current off-the-plan opportunities.
By buying now, you’ll:
As the ‘Year of Cuts’ continues, savvy buyers are getting ahead of the curve by securing quality, future-ready homes in the current market. With the combination of reduced borrowing costs, growing property values and trusted developers like Norus delivering premium apartments in prime locations, there’s never been a better time to take the next step.
Explore Norus’ current projects and see what’s possible today.
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