The Reserve Bank of Australia did not make a single change to the rate of 2.5 per cent 2014 during its final meeting of the year this week.

The Reserve Bank of Australia will next meet in February and the talk is Australia's cash rate would be lowered to 2.25 per cent.

Adams and Associates financial planner Phil Clancy said lower interest rates were positive for the economy.

"Basically, lower interest rates support asset prices including shares, bonds, property - particularly those assets with a strong yield," Mr Clancy said.

"As interest rates decline term deposit rates will decline and investors tend to look for alternative investments that provide a higher yield."

Mr Clancy also said lower interest rates would be positive news for those attempting to crack the property market.

"It makes borrowing affordable for existing mortgage holders and gives more confidence to those who are considering borrowing," he said.

"Overall, it is a positive for the economy."

Wagga Business Chamber general manager Michelle Bray agreed with Mr Clancy, calling lower interest rates good news for business owners and those wanting to start up shop.

"Any cut in interest rates (for business owners) is a positive," Ms Bray said.

"It will lower their overhead costs and opportunities will increase; they will be able to take out finance or a loan."

The business chamber has reportedly seen a significant increase in recent months in people wanting to take up membership or gain advice about starting their a business.

"From my point of view coffee vans seem to be really popular at the moment," Ms Bray said.

She said Wagga business operators were attempting to capitalise on people's desire for convenient product, such as take-away coffee from vans or purchasing online.

"365 cups did that - we are seeing an increase of people trying to tap into niche markets."

Hore and Davies agent Sue Alleva said the market was currently a buyers one.

"First home buyers are hanging out waiting for the first home buyers grant to come back in, but I don't think it will," Ms Alleva said.

She said now was the perfect opportunity for first home buyers to break into the market.

"The prices are fantastic and I've been in the game for 24 years," Ms Alleva said.

She said a reduction in interest rates would likely push housing prices back up.

Ms Alleva said there was a shortage of first home buyers, with investors from both Wagga and metropolitan areas making up the majority of buyers.

"Kooringal, Lake Albert and Glenfield are all offering excellent properties at a good price."

The Reserve Bank next meets on February 3.