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Asia-Pacific Markets Set to Rise with Reserve Bank of Australia Decision, China Loan Prime Rate on Deck

  • Real estate experts expect a surge in auctions as sellers aim to benefit from an anticipated interest rate cut by the Reserve Bank of Australia.
  • Cotality reported 1,835 auctions last weekend, the highest since before Easter, yet around 300 fewer than last year.
  • An expected 25-basis-point rate cut could cause a rise in house prices, with 2,360 auctions anticipated this weekend.
  • The S&P/ASX200 rose 0.57 percent, reflecting positive investor sentiment ahead of the RBA's interest rate announcement.
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Financial Newswire broke the news in on Sunday, May 18, 2025.
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