Institution: The Reserve Bank of Australia is expected to start cutting interest rates before May, with three rate cuts this year
Odaily Odaily report: After a 4.9% rise in Australian house prices in 2024, AMP's chief economist Shane Oliver expects average house prices to rise around 3% in 2025. However, he said the performance will be divided this year, with a weak start due to high interest rates and rising unemployment, followed by an improvement in the second half as lower rates will eventually have a stimulating effect. Oliver believes the Reserve Bank of Australia will start cutting rates before May, with an expected three 25-basis-point rate cuts this year.
