August felt like someone flicked the market’s light switch. A fresh RBA cut lit the fuse, values nudged higher across almost every city, and Melbourne strapped on a jet pack as tight listings stirred real FOMO. We unpack where prices rose, why interstate investors are eyeing Victoria, and why units under 950k are suddenly the hottest ticket. We also look at rents creeping up while vacancies hover near 1 per cent, plus the First Home Buyer Guarantee expanding on 1 October and what that could do to entry-level stock. Cameron Kusher and Cate Bakos join Sadhana Smiles to map the next moves, including whether there may be only one more cut in the tank, and how to buy or sell smart as spring gathers pace.