Second rate cut buyer swell.

Like always, since our last update at the start of May, I have been watching to see how the second-rate cut would affect buyer numbers, sentiment and urgency. 

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Buyers constantly come in and out of the market, losing focus, prioritising other things, and, at different times, making it their number one goal. 

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While I never try to talk things up or down unless I truly see data to back it up and honestly believe it, we have finally seen some sustained change in behaivour since the second rate cut. 

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New buyer enquiry to be fair is probably only slightly higher than the rest of 2025; however, more interesting and important to note is that clients who have received mortgage strategies from us over the past 6-18 months are returning in force, ready to get going with renewed vigour. 

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These are much stronger buyers as they have wanted to do something for some time, rather than only recently considering making a huge life financial move, such as buying a property. They usually make decisions to make an offer much faster when they find a property. 

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However, the problem these recharged buyers face is that it is June, not January. We are about to enter a winter slump in listings, and while they would love to buy something now, they will likely be disappointed until August at the very least.

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By August, there will likely be at least one further cut with a good chance of two, and similar to the first two, three and four will bring more buyers into the market. 

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The major challenge current buyers will face is entering after the herd has begun to run; this is usually when many sellers have been out of the market, sitting on their hands waiting for better prices, hence why listings of quality assets are few and far between. Therefore, you see a jump in buyer demand at a time when listings are still tight due to the lag it takes to list your property. 

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The market feels like it has a new, much stronger swell with some continuing power behind it, and every rate cut from here on out. 

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As the fight over quality assets begins, people will miss out, open homes become busier, there's urgency in the air, and the pain or fear that the market is running scares buyers into wanting to buy something before they get pushed out.

If you're thinking about transacting, get your strategy sorted; you want to be buyer-ready when the fresh listings arrive.

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