The L.J. Hooker/BIS Shrapnel Residential Property Index found house prices in the major capital cities stabilised in the first three months of this year. We have reached that stable, or normal, market that the Reserve Bank of Australia (RBA) was looking for when it increased interest rates." The cantral bank raised interest rates in March to 5.50 per cent, a four-year high. Some analysts are predicting another rate hike in May. In the nation's largest property market, first home buyer prices fell 0.5 per cent during the quarter and 13.4 per cent over the year.