THE Reserve Bank leaving interest rates unchanged at 3% may not be such a bad thing.
"It's going to give a period of stabilisation," Mortgage Choice mortgage broker and home loan specialist Dawn Courage said.
"It means people can have more confidence to go out and spend the money they've saved on home loans."
There are some encouraging signs in sight.
"We are seeing encouraging signs in the economy that should lead to further positive consumer and business sentiment," Mrs Courage said.
"For a start, home loan interest rates are at historic lows, and any future cuts will be icing on the cake for existing borrowers and those looking to get into the property market.
"Property prices now appear to be on the rebound, with national home prices rising by 1.3% over the year to February, according to the latest research by RP Data.
"This may not be viewed as good news by those looking to get into the market now but it shows better long-term capital growth prospects."
When it comes to loans it is very important to do your research.
"The best rate you're likely to get is under 5%," she said.
"Certainly do your research; some loans are huge at almost 10%."
But the sceptics are out there.
REINSW CEOTim McKibbin was concerned with the decision.
"The RBA's failure to act now is jeopardising the young shoots of growth we saw in the property market and markets generally towards the end of last year and early in 2013," he said.
"A rate cut would have given the injection of confidence needed if we are going to build upon what we have achieved to date.
"The RBA's decision to abandon its rate cut strategy is very dangerous. The fragile improvements we have seen to date need to be supported with further interest rate reductions this year."
The RBA cut interest rates four times in 2012, with falls of 25 basis points in December, October and June and 50 basis points in May.
The next meeting will be April 2.
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