Australian real estate needs foreign investors but regulators may be giving them an unintended advantage over local investors, says Aussie Home Loans founder John Symond.

Changes to property investment rules may put Australian investors at a disadvantage to cashed-up foreign buyers, Mr Symond told a parliamentary inquiry into home ownership. The Australian Prudential Regulation Authority announced the changes last year in a bid to contain overheated property speculation. “It’s very easy to play at the…