My personal lesson learnt from the past 5 years is that interest rates are a factor for property prices, but demand and supply is a more significant factor, particularly given the Australian hatred towards renting and buying being the only option.
Markets looking to be pricing in 0.75-1% in cuts until we get to the new neutral point, which still leaves your standard mortgage rate at 5%+. I don't think this makes housing much more affordable, particularly if unemployment starts to rise and the government stops handing out 10%+ pay rises.
