Inflation remains at high levels

At its most recent meeting on Tuesday March 19, the Reserve Bank of Australia (RBA) board opted to leave the cash rate unchanged at 4.35 per cent, noting while there are encouraging signs inflation is moderating, the economic outlook remains uncertain.

The possibility that interest rates are at their highest in the current cycle has, coupled with the prevailing market fundamentals in Perth, led to a tentative return of investors to the Perth apartment market.