The housing market is unlikely to be greatly impacted by the latest Reserve Bank announcement.
The bank confirmed the Official Cash Rate will remain at 5.5 percent, although there is a possibility this could be raised again this year.
Corelogic Chief Property Economist Kelvin Davidson told Kate Hawkesby the decision is neutral for the housing market, with a muted recovery still likely.
He says whatever was going to happen to the housing market will still happen.
Davidson says there is no need to panic and the hint of a further OCR hike is just a warning.