Aussie Home Loan's John Symond has weighed in on the economic outlook debate, backing the RBA's optimistic stance.
He said RBA governor Glenn Steven's speech on Monday was an accurate depiction of the past, present and future economic climate.
“I agree that arrears have remained low or have even seen some decline in the last year, while house prices are now somewhere around their 2004 levels.
"The likelihood of the so-called ‘bubble’ bursting seems low, in my opinion," he said.
“Repayments are now at their lowest in years on the back [of] low interest rates, income growth and lower house prices and loans sizes.”
He urged borrowers to "get back into the market" and take advantage of lower rates across fixed and variable loans.
"With an increase of houses on the market, combined with positive economic indicators, it provides a great environment to invest in your own place rather than pay someone else’ s rent if you can afford it."
RBA: Housing bubble won't pop yet