Along with the June 7 Reserve Bank official interest rise by 50 basis points to 0.85%, the biggest single rise in the cash rate in 22 years, to curb inflation, comes the perfect opportunity to buy.

Intended to drive housing prices down, those who are planning to purchase a first home, or to re-enter the market, can take advantage of the current selling conditions at a time where buyers have more choice and negotiating power. This is often not an opportunity that comes to Melbourne buyers easily, where housing affordability has constantly presented a challenge.