The RBA decision came after ANZ warned that property prices could slump by almost 15 per cent over this year and next, citing interest rates, low affordability and the government’s property tax changes.

The move was widely expected by economists and followed recent data suggesting inflation was cooling.

The RBA decision came after ANZ warned that property prices could slump by almost 15 per cent over this year and next, citing interest rates, low affordability and the…