Century 21 believes the RBA's decision to leave interest rates at 2.5 per cent may encourage interest in real estate during the traditionally busy spring selling season.
"The Reserve Bank's announcement marks twelve months of interest rates being held at an unprecedented low of 2.5 per cent," said Chairman and Owner of Century 21 Australasia, Charles Tarbey.
"Interest rate stability is good news for the Australian property market as we head into the traditionally busy spring selling season.
"Stable interest rates provide peace of mind for buyers and sellers of real estate."
In a statement, the Reserve Bank reasoned that it was appropriate to leave the cash rate on hold in light of a strong expansion in housing construction and moderate growth in consumer demand.
"I encourage Australians looking to transact property this spring to brush up on their negotiating skills," said Charles Tarbey.
"Negotiating skills are going to be of increased importance to vendors and buyers following the transition to a negotiators market earlier this year," concluded Charles Tarbey.
Century 21 encourages potential buyers that are looking to purchase real estate to ensure they have obtained the appropriate professional property and finance advice before doing so.