BOOM TIME RETURNS! – Shire Real Estate Agents Emerge from Hibernation as RBA Cuts Interest Rates

Finn Seabrook | Local Correspondent | Sutherland Shire Gazette

19 February 2025

Sutherland Shire real estate agents have been spotted scrambling to local print shops today, frantically reordering their long-lost "BOOM TIME!" banners following the Reserve Bank of Australia’s (RBA's) monumental 0.25% interest rate cut yesterday.

The life-changing reduction—which will save the average mortgage holder roughly enough for an extra side of guacamole per week—has sent the Shire property industry into overdrive. “This is the moment we’ve been waiting for,” declared Greg Davidson, a prominent local agent last seen in 2022 during the peak of the last frenzy. “We’ve been stuck using words like ‘stable’ and ‘buyer’s market’ for too long. Now, we’re back, baby.”

Across the Shire, open-home signage was dusted off, drone operators were seen polishing their cameras, and auctioneers began practicing their rapid-fire patter in front of the mirror.

“We’ve already rebranded a two-bedroom fibro shack in Miranda as a ‘once-in-a-lifetime investment opportunity,’” said another agent, wiping away a single tear of joy. “And with this rate cut? We’ll have people punching on for it in no time.”

Local homeowners are also jumping on the action. One couple in Caringbah South has already relisted their house at a 20% markup, citing “the market’s changed overnight.” Meanwhile, a Kirrawee resident is reported to be testing how long he can call his backyard shed a "self-contained studio” before someone asks about running water.

With the Shire now bracing for yet another round of hopeful buyers bidding well beyond their means, one thing is clear: if you haven’t bought yet, you better hurry—because the Boom Time Banners are back.

RBA Interest Rate Cut Shire Real Estate