The majority of real estate owners believe that there will not be an interest rate cut when the Reserve Bank of Australia (RBA) meets next month (April 2).
In a survey conducted by Loan Market, 382 online respondents were asked the question: "What action do you think the RBA is going to take at its April meeting?" with 57 per cent of people saying there will be no movement.
Loan Market's corporate spokesperson Paul Smith explained that 40 per cent believed that the RBA would lower interest rates by 25 basis points, while a minority feel there would be a reduction of 50 or more basis points.
"Improvements in the economy are aiding in the return of confidence to the property and finance markets," he said.
"With improvements in housing affordability and historically low interest rates, the real estate industry is really starting to gain some momentum."
While there was no confidence in a rate rise, Mr Smith said that variable interest rates among banks and other lenders could drop, with competition fierce and cost-of-funding pressures easing.
He urged all those who have home loans to contact their lender and simply ask if they could obtain a reduction in their rates.
