Capital city house prices are growing at their fastest annual rate in almost seven years, but regulators are taking a close look at irresponsible lending practices.
Researcher CoreLogic says capital city house prices rose 1.4 per cent, to be nearly 13 per cent higher for the year.
When it comes to rising property prices, it's all about the eastern side of Australia.
Prices in the west have actually fallen in the 12 months to March; the median price in Perth is now $475,000.
But in the east, house prices continue to rise.
Hobart and Canberra both boast annual gains above 10 per cent, while Sydney and Melbourne are continuing to surge.
In fact, Sydney's house prices haven't grown this fast since November 2002.
CoreLogic's head researcher, Cameron Kusher, says there are key differences between then and now.
