Buyers are still snapping up homes despite renewed fears inflation will be more persistent than expected, but many may reconsider entering the market if the Reserve Bank increases rates again, property experts say.

Inflation grew by a stronger-than-expected 1 per cent to start the year, solidly above market expectations of 0.8 per cent, which led to markets predictions swinging violently to now bet that the Reserve Bank would more likely raise the cash rate by August than not.