Government incentives including Home Builder grants, First Home Buyers grants and stamp duty waivers, along with record low interest rates, are fuelling a spending spree in local real estate markets.

Front Runner Finance Solutions mortgage brokers, Laurie Parkes and Sally Willis, said that while it was a sellers market, it was also a good time to buy.

"We get a weekly report of properties listed and properties sold in Bathurst and each week we are seeing between 10 to 12 properties listed and anywhere up to 40 sold, which are amazing numbers," Laurie said.

"Interest rates are at historic lows which means people are going to invest and anyone looking for a new home loan or even refinancing should be looking for an interest rate with a mid to low two in front of it, or even something lower than two is possible.

"There are also banks providing 'cashbacks' where you can get up to $3000 for swapping lenders so there are advantages."

Sally said that with so many incentives encouraging people to purchase real estate, it was still important for people to do their research first.

"People really need to educate themselves, research suburbs and prices, and look at your local market before deciding to purchase property," she said.

"Keep an eye on your accounts and if you are unsure where to start, you can always come and see us as we can help provide direction, set goals and get you in a position to start investing.

"It's vital to check your finances and get them in order before applying for loans because banks are being quite strict on lending, especially when it comes to living expenses and personal spending."

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Money Quest Finance Specialist, Ian Behan, agreed saying first home buyers especially needed to focus on spending versus saving.

"It's important to be able to save up for a deposit but it's just important to control your spending as bank look at living expenses and can look at any glaring anomalies in what you report," he said.

"Credit cards can sometimes be an issue but we are seeing programs such as Afterpay and Zip Pay become a concern as they are still classed as lines of credit."

While people with loan commitments are being rewarded with low interest rates, there is concern that the strategy is driving up property prices continuing to put the dream of home ownership out of reach for many.