The official cash rate has a three in front of it for the first time in two years, after the Reserve Bank cut interest rates by 25 basis points, as expected.
The Reserve Bank is widely expected to deliver a second interest rate cut as global trade uncertainty threatens to rain on Australia's economy.
An unexpected jump in employment has led the money market to pare back its hopes for further mortgage relief after a widely expected rate cut next week.
Labor and the coalition will spruik centrepiece policies announced at their respective campaign launches to win over voters in a critical week for the election.
An escalating trade war has slashed the odds of interest rate cuts for Australian mortgage-holders, including a potential mega cut weeks after the election.
The RBA's first rate cut since 2020 has buoyed consumers with the Westpac-Melbourne Institute consumer confidence survey posting a three-year high.
Promising housing data and a return to growth in real household incomes augur well for the Australian economy in 2025.
Slowing inflation helped convince the Reserve Bank to cut rates at its last meeting but uncertainty over tariffs was also a factor, the deputy governor says.
Headline inflation rate has held steady at 2.5 per cent in January, with the all-important underlying measure edging 0.1 percentage point higher.
Australia's historically affordable regional housing markets have continued to demonstrate resilience, compared to a price decline in capital cities.
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