The Reserve Bank's decision to keep the cash rate on hold will have a positive effect on Canberra's property market, experts say.
The decision to keep the cash rate at 4.35 per cent after three consecutive hikes was announced by the bank's governor, Michele Bullock, on Tuesday, June 16.
Sam Dyne from Stone Real Estate predicted a repeat of the COVID-19 era hike cycle, where buyers held off during the consecutive raises, before committing to purchasing during the hold period.
