A run of 10 consecutive interest rate hikes has come to an end after the Reserve Bank opted to leave rates on hold at 3.6 per cent today.

Founder and CEO of Freedom Property Investors, Scott Kuru, says interest rates are not the the “driving force”.

“The driving force is the national housing shortage, we have mismanaged the supply of housing in this country,” Mr Kuru told Chris O’Keefe.

Prices have jumped 1.4 per cent alone in Sydney.”

Chief Economist at BetaShares, David Bassanese, was surprised that the rates were paused today.

“Their projections have inflation coming down over the next few years, if the economy softens, that will be enough,” said Mr Bassanese.

Listen to the full conversation with David Bassanese here:

See more highlights from Chris O’Keefe below: