Who’s Behind the Surge in Property Prices?

There have been many discussions lately around whether the Australian Prudential Regulation Authority (APRA) will introduce regulations to slow Australia’s rising property prices. The watchdog has argued that as the rising prices are being driven by first home buyers, not investors, there’s no need for additional measures.

Westpac chief executive Peter King agrees with this stance, saying the situation is more complicated than in 2014 and 2017 when investors were driving house prices.

This means buyers are unlikely to see new lending regulations in the near future, and prices are likely to continue rising for at least the rest of 2021.

Are you looking to buy your first home?

We’ve created a first home buyers guide to help you achieve your dream of homeownership. The guide covers the entire home buying journey and simplifies the process of buying your first home.

Our guide to buying your first home will give you a framework and a series of actionable steps that you can take when buying your first home while avoiding costly mistakes.

You can also save up to $33,000 in stamp duty as a first home buyer in NSW. Find out how much you can save by using our stamp duty calculator.

Speak with one of our award-winning mortgage brokers by giving us a call on 1300 889 743 or fill in our assessment form and buy your first property.