After three consecutive rises, borrowers breathed a sigh of relief this week when the Reserve Bank of Australia decided to keep interest rates on hold in June.
This means that the Official Cash Rate remains at 4.5 per cent for this month and interest rates to mortgage holders stay at "around their average levels of the past decade", according to RBA Governor Glenn Stevens.
It also looks as though there will be no further increases in the near future.
"Taking all the available information into account, the Board views this setting of monetary policy as appropriate for the near term", Governor Stevens said in a statement announcing the Board's decision.