Australian news and politics live: Albanese defends call not to convene national cabinet on anti-Semitic hate
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Key events
08 Jul 2025 - 01:35 PM
Watt flags ‘incredible ask’ for Australia
08 Jul 2025 - 01:33 PM
Watt takes swipe at ‘politically driven’ groups seeking to impact UNESCO bid
08 Jul 2025 - 01:28 PM
Watt not ruling things ‘in or out’ for EPBC Act reform
08 Jul 2025 - 10:00 AM
Business confidence lifts as RBA ponders rate cut
08 Jul 2025 - 08:19 AM
Sussan Ley visits Melbourne synagogue after attack
08 Jul 2025 - 07:46 AM
Albanese says Labor fixed China-Australia relationship issue
08 Jul 2025 - 07:40 AM
Albanese confirms trip to Shanghai, Beijing and Chengdu from Saturday
08 Jul 2025 - 07:38 AM
Albanese says Australia is in a better position than most countries for US tariffs
08 Jul 2025 - 07:33 AM
Albanese’s snappy response to Jewish leader questions
08 Jul 2025 - 07:29 AM
‘People don’t want a meeting, they want action’: Albanese
08 Jul 2025 - 07:28 AM
Albo condemns anti-Semitic attack, but doesn’t convene national cabinet
08 Jul 2025 - 07:23 AM
Prime Minister Anthony Albanese speaking from Hobart
08 Jul 2025 - 06:58 AM
Mulino asked if cost of living crisis is over as rate cut decision looms
08 Jul 2025 - 06:47 AM
Mulino sees opportunities in 10 per cent US tariffs on Australia
08 Jul 2025 - 05:59 AM
Paterson says Albanese missed chance on US tariffs
08 Jul 2025 - 05:50 AM
Government: Australia not targeted in Trump tariff hike
08 Jul 2025 - 05:44 AM
Trump announces tariffs on social media
08 Jul 2025 - 05:22 AM
Jewish leaders demand national action after attacks
08 Jul 2025 - 05:18 AM
Buyers rush to market as RBA tipped to cut rates again
Kimberley Braddish is reporting live.
Buyers rush to market as RBA tipped to cut rates again
Australians are bracing for another interest rate cut, with the Reserve Bank of Australia widely expected to lower the cash rate by 0.25 percentage points at 2.30pm on Tuesday, bringing it to 3.60 per cent.
All four major banks: ANZ, Commonwealth Bank, NAB, and Westpac have forecast the move, citing weaker household spending, softer inflation, and ongoing global uncertainty as key drivers.
Economists say a cut would trim around $76 a month from repayments on a typical $500,000 mortgage, adding up to nearly $230 in savings from three cuts since February.
While that’s welcome news for existing borrowers, it’s also intensifying competition in the property market, with buyers rushing to secure homes before prices climb further.
