"Christopher's confidence in the Sydney market remains, particularly given the Reserve Bank's February announcement that it would cut rates by 25 basis points to a record low of 2.25%.
"We believe Tuesday's interest rate cut will further stimulate the Sydney housing market through the full calendar year 2015," Christopher told
"Our forecast for this current year, made back in September 2014, would be a rise of between 8-12%."
"This assumed a stable interest rate environment. With this rate cut we believe the market will now likely increase by the upper end of this range.