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The decision by the Reserve Bank of Australia to leave interest rates at three per cent has been welcomed by the Real Estate Institute of South Australia (REISA).

Kitchens are known for selling houses, and all four teams on The Block are racing to complete theirs.

A cut in interest rates would have improved affordability for first home buyers but not enough to encourage them to make a purchase, according to the Real Estate Institute of Australia (REIA).

The month of January saw 3,503 approvals for residential real estate in New South Wales, which contributed to the best 12 month period for approvals in eight years.

The Reserve Bank of Australia (RBA) has opted to keep interest rates at three per cent, after the board's monthly meeting yesterday (March 5).

Those searching for commercial real estate opportunities may be interested to hear that the sod has been turned on the 1 William Street development.

Real estate values for capital cities rose by a combined 0.3 per cent in February, following a 1.2 per cent increase in January.

Real estate in Adelaide has received a boost, with stamp duty concessions on eligible apartments seeing interest from buyers rise.

Experts have lauded the latest auction data for real estate in Melbourne, with clearance rates doing better than the ten-year average.

Many of Australia's capitals have enjoyed growth in property values for February, according to the latest RP Data-Rismark February Hedonic Home Value Index.

New home sales in South Australia have shown signs of improvement through the month of January with a strong increase.

The Real Estate Institute of Victoria (REIV) is predicting that vendors will be enjoying greater confidence as a result of recent clearance rates.