It’s been a few days since the Reserve Bank of Australia (RBA) announced its latest rate move, and the property market is already feeling the impact. Sarah Anderson of Lamonds Estate Agents reports a surge in buyer inquiries—so much so that it’s hitting new highs. However, she also points out that available stock remains tight, which could drive prices higher. Add in the boost from lower interest rates, and the result is a highly competitive market for anyone looking to purchase or refinance. Here’s what you need to know to navigate the days ahead, and how MAW Money can help you make the most of these conditions.

1. Understand the ‘Supply Crunch’

While rate cuts are nudging more people to explore the property market, the reality is that the number of homes for sale hasn’t kept pace with demand. According to Sarah Anderson, this imbalance has led to a spike in both inquiries and property prices. If you’re planning to buy, be prepared for multiple offers and potentially higher listing prices. A proactive approach—like securing finance pre-approval—can give you the edge in a market where every day matters.

2. Leverage Your Buying Power

Yes, interest rates are lower, which typically means smaller monthly payments and potentially greater borrowing capacity. But remember: just because you can borrow more doesn’t always mean you should. At MAW Money, we help you calculate a comfortable mortgage range that suits your lifestyle. We’ll factor in your future goals, ongoing costs, and potential rate fluctuations, so you never feel overstretched.

3. Scout the Best Deals

Even in a hot market, not all lenders respond to rate cuts in the same way. This is where shopping around—or better yet, working with a broker—can yield real benefits. MAW Money taps into a broad network of lenders, ensuring we can line you up with competitive rates and flexible loan options. With so much competition among buyers, you don’t want to leave money on the table by locking in a less-than-optimal deal.

4. Be Ready to Act Fast

With inquiries “skyrocketing,” as Sarah puts it, properties could get snapped up shortly after hitting the market. That means you need all your ducks in a row before you even start attending open houses. Pre-approval is key, giving you the ability to make a confident offer when you find a place you love. Our team at MAW Money will guide you through the pre-approval process—from verifying your credit score to finalizing paperwork—so you’re ready to pounce on the right opportunity.

5. Plan Beyond the Purchase

Competition doesn’t end once you’ve made a winning offer. You still need to handle inspections, negotiations, and final settlement. And if you’re refinancing, don’t forget about potential break costs or the timeline for switching loans. At MAW Money, we keep things simple and transparent, walking you through each step so there are no surprises. Plus, we’ll keep an eye on the market for future rate movements that might again work in your favor.

How MAW Money Helps You Succeed in a Tight Market

• In-Depth Financial Assessments: We help you figure out how much you can—and should—borrow.
• Access to Multiple Lenders: Competitive rates and diverse loan packages tailored to your needs.
• Pre-Approval Support: Secure financing before you step foot in an open home, giving you a major advantage.
• Ongoing Guidance: From offer to settlement and beyond, our team’s expertise is at your disposal.
• Market Insights: We stay connected with industry professionals like Sarah Anderson so we can pass on the latest intel to you.

Bottom Line: The RBA’s rate decision, coupled with a tight property supply, is fueling a competitive surge among buyers. If you’re looking to jump in—or refinance—now is the time to act strategically. With MAW Money by your side, you’ll have the expertise, access, and confidence to move forward in this fast-paced market. Ready to make your move? Reach out to us today and let’s get you positioned for success.