And then Westpac put up all variable mortgage rates 0.20 per cent. Reports suggest the property market boom in Australia has come to an end , as the percentage of property lending going to investors has dipped , after reaching an all - time high in May. Lending to investors represented 53.5 % of all property lending in May , falling to 48.5 % in August ; this figure stood at 35.5 % in 1997 , 28.6 % in 1995 , and 14 % in 1991 . Another indication that the boom may be over is the percentage of properties sold at Sydney auctions ; last Saturday , only 65.1 % of properties sold , down from 70 % the week before , and 90 % in May. Increasingly concerned with the rapidly expanding property market , authorities introduced additional capital requirements for banks earlier this year , designed to force them to protect themselves from a potential housing market downturn ; the banks most affected included Commonwealth Bank , Westpac , NAB , and ANZ . Macquarie Group forecasts a 7.5 % fall in house prices over the next two years .
Reports suggest the property market boom in Australia has come to an end , as the percentage of property lending going to investors has dipped , after reaching an all - time high in May. Lending to investors represented 53.5 % of all property lending in May , falling to 48.5 % in August ; this figure stood at 35.5 % in 1997 , 28.6 % in 1995 , and 14 % in 1991 . Another indication that the boom may be over is the percentage of properties sold at Sydney auctions ; last Saturday , only 65.1 % of properties sold , down from 70 % the week before , and 90 % in May. Increasingly concerned with the rapidly expanding property market , authorities introduced additional capital requirements for banks earlier this year , designed to force them to protect themselves from a potential housing market downturn ; the banks most affected included Commonwealth Bank , Westpac , NAB , and ANZ . Macquarie Group forecasts a 7.5 % fall in house prices over the next two years .