Surging home prices unlikely to fall on loan curbs: NAB

Sydney

SURGING home prices in cities including Sydney are unlikely to be affected by the banking regulator's efforts to curb mortgage lending to investors, according to National Australia Bank.

Markets such as Sydney, where house values have risen 40 per cent in the past three years, are struggling with undersupply amid "significant" foreign demand, Gavin Slater, the lender's head of personal banking, said on Wednesday.