Westpac chief economist predicts 'about a year' before we start seeing rate cuts | ABC NEWS

The Reserve Bank has kept interest rates on hold, in some good news for mortgage holders. Westpac chief economist Luci Ellis discusses what the decision means for the housing market as prices began to fall in some major cities such as Sydney and Melbourne. She expects peak to trough falls in house prices to be below 10 per cent. She says it could start seeing rate cuts in the second half of 2027. Subscribe: http://ab.co/1svxLVE Read more here: https://www.abc.net.au/news/2026-08-1... Note: In most cases, our captions are auto-generated. #ABCNEWS #ABCNEWSAustralia