Reserve Bank of Australia tipped to cut despite hot property, economic pick-up

By Mark Mulligan
Updated May 5 2015 - 9:13am, first published May 4 2015 - 10:15pm
"Australian society is fundamentally changing in ways that have major implications for business and government planning": Craig James. Photo: Louise Kennerley
"Australian society is fundamentally changing in ways that have major implications for business and government planning": Craig James. Photo: Louise Kennerley

A surging home building market, rising real estate prices and signs of an improving economy appear unlikely to stay the Reserve Bank of Australia's hand as economists widely tip it will cut interest rates for the second time this year at a meeting on Tuesday.