<div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Real estate experts are expecting a surge in auctions this weekend as sellers look to cash in on an expected interest rate cut tomorrow.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>According to new data released today by property firm Cotality, there were 1835 auctions held last weekend across Australian capital cities.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>While it was the highest figure since before Easter, it was down by around 300 compared to the same time last year.</span></div></div><div><div id="adspot-mobile-medium"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/national/qantas-sorry-qantas-could-face-121m-fine-for-sackings/12b0d293-051a-4ee9-ac25-0a9155da476b" rel="" target="" title="'Sorry' Qantas could face $121m fine for sacking workers"><strong><span>'Sorry' Qantas could face $121m fine for sacking workers</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>But the number is expected to skyrocket this Saturday as an expected cash rate cut gives potential home buyers more borrowing power.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"It seems that many vendors are holding out for the RBA's interest rate decision this week," Cotality research analyst Caitlin Fono said.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"With the cash rate widely expected to reduce tomorrow, the volume of scheduled auctions across the combined capitals is set to rise to around 2360 this week – a 29 per cent jump on last week, before rising further next week, to around 2700 auctions."</span></div></div><div><div class="OUTBRAIN" data-reactroot="" data-src="//www.9news.com.au/national/interest-rates-australia-auction-data-coality/53aebfbe-a274-469c-9428-f98b7447b604" data-widget-id="AR_5"></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The data comes as the Reserve Bank's monetary policy board began its two-day meeting to decide interest rates, with a 25-basis-point cut to 3.85 per cent expected to be announced tomorrow.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><strong><span>READ MORE: </span></strong><a href="https://www.9news.com.au/national/men-arrested-police-allegedly-assaulted-nrl-match-campbelltown-sydney/94ed0d18-585a-4fac-b652-826b059c45d8" rel="" target="" title="Police officers allegedly assaulted in brawl at Tigers-Rabbitohs NRL match"><strong><span>Police officers allegedly assaulted in brawl at Tigers-Rabbitohs NRL match</span></strong></a></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>The market is pricing in a 96 per cent chance of an interest rate cut tomorrow – slightly less than the 100 per cent sure-fire bet it had this time last week.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>Economists believe the announcement of a cut will lead house prices to increase for the rest of the year.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"Australian home prices have likely started an upswing on the back of lower interest rates," AMP deputy chief economist Diana Mousina said last week.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"But it's likely to be modest with US tariff worries constraining buyers and posing a near-term threat of a reversal in prices and affordability remaining poor. </span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>"We see home prices rising around 3 per cent this year."</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><span>RBA Governor Michele Bullock will announce her board's interest rates decision at 2:30pm (AEST) tomorrow.</span></div></div><div class="block-content"><div class="styles__Container-sc-1ylecsg-0 goULFa"><a href="https://www.9news.com.au/national/how-to-follow-9news-digital/29855bb1-ad3d-4c38-bc25-3cb52af1216f" target="_blank"><strong><em><span>DOWNLOAD THE 9NEWS APP</span></em></strong></a><strong><em><span>:</span></em></strong><span> </span><em><strong><span>Stay across all the latest in breaking news, sport, politics and the weather via our news app and get notifications sent straight to your smartphone. 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