A slowdown in lending activity could end up working in the favour of those buying property in Burpengary, especially if it leads to a further cut in the cash rate.
The Real Estate Institute of Australia (REIA) reflected on November data, which pointed to a 0.7 per cent month-on-month fall in the number of owner occupier home loans granted.
REIA president Neville Sanders explained that the Reserve Bank of Australia (RBA) may find it doesn't have much option other than to reduce the official cash rate.
Not only has lending declined, but growth in gross domestic product has also been below trend, both of which are factors the RBA is likely to consider.
Members of the board are next due to meet on 3 February, in what will be their first gathering of 2015. The official cash rate has now been at 2.5 per cent since August 2013.
It wasn't all bad news for first-time buyers in November, as the Australian Bureau of Statistics figures show 11.6 per cent of total borrowers were making their initial steps onto the property ladder.
This marked a slight increase from the 11.4 per cent recorded in October, suggesting there is still a prospect of being able to enter the Burpengary market.