The upper end of the market - defined by properties which rank in the 25 per cent of most expensive sales - is the layer that is moving up after the rate cut. And that means the post-rate cut bounce is concentrated in the two largest cities of Sydney and Melbourne. In fact, Melbourne might finally be turning a corner.

Property analyst Eliza Owen of Corelogic joins James Kirby in this episode.

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In today's show, we cover...

• What investors must know about property trends after the rate cut
• Melbourne manages a one-month rebound..is there more to come?
• The window for first-time home buyers may be closing
• Queensland towns notch up remarkable price activity - take a look at Townsville!