Aug 17, 2026 · 16 min · 7 segments
- It was a short moment of euphoria as interest rates were kept on hold through the week. Michael Yardney, CEO of Metropole Property Strategists provides commentary on exactly why - Adam Hobill…
Adam HobelGuest
Michael YardneyGuest
Jonny WarrenGuestCamHostWell, Cam, many people around the country, including here in Canberra, would have breathed a big sigh of relief just like that this week.
I saw it just after 2.30 on Tuesday afternoon.
It popped up and it's just like rejoice.
Yes.
Just for a moment.
Just for a moment.
But for how long, Cam? can we feel this way for? That's what we're going to ask and find out this morning, what this all means and what we can expect, I guess, in the coming months.
And our regular guest, property commentator, Michael Yardney, founder of Metropole Property Strategist and host of the Michael Yardney podcast joins us.
Michael, good morning.
Now, look, we had the three interest rate increases early this year and the Reserve Bank kept rates steady for two consecutive meetings.
Did their decision to surprise you?
No, I think most commentators expected the Reserve Bank to remain unchanged with their interest rates in the August meeting last week.
But they have a statement afterwards explaining how they think about things.
And they told the public that inflation is still too high and they don't expect inflation to return to where they're wanting it to until late 2027.
But I think the good news is that this, just like you were saying, gave consumer confidence a bit of a lift.
And so this should give some relief to homeowners, home buyers, because another interest rate rise would have really been disastrous for our housing markets, Renee.
Yeah.
And is the RBA more comfortable with the current level of inflation? And does this mean that interest rates won't rise again? Or what does that look like?
Well, things are looking better than they were last time the Reserve Bank met, especially after a couple of rates, steady holds now.
Well, Cam, many people around the country, including here in Canberra, would have breathed a big sigh of relief just like that this week.
I saw it just after 2.30 on Tuesday afternoon.
It popped up and it's just like rejoice.
Yes.
Just for a moment.
Just for a moment.
But for how long, Cam? can we feel this way for? That's what we're going to ask and find out this morning, what this all means and what we can expect, I guess, in the coming months.
And our regular guest, property commentator, Michael Yardney, founder of Metropole Property Strategist and host of the Michael Yardney podcast joins us.
Michael, good morning.
Now, look, we had the three interest rate increases early this year and the Reserve Bank kept rates steady for two consecutive meetings.
Did their decision to surprise you?
No, I think most commentators expected the Reserve Bank to remain unchanged with their interest rates in the August meeting last week.
But they have a statement afterwards explaining how they think about things.
And they told the public that inflation is still too high and they don't expect inflation to return to where they're wanting it to until late 2027.
But I think the good news is that this, just like you were saying, gave consumer confidence a bit of a lift.
And so this should give some relief to homeowners, home buyers, because another interest rate rise would have really been disastrous for our housing markets, Renee.
Yeah.
And is the RBA more comfortable with the current level of inflation? And does this mean that interest rates won't rise again? Or what does that look like?
Well, things are looking better than they were last time the Reserve Bank met, especially after a couple of rates, steady holds now.
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