A high failure rate at first year physics is often attributed to the lack of readiness of high school students to pursue such studies. This research explores this issue and reports on the perceptions of five physics lecturers at a South African university on the preparedness of high school students for first year physics. Qualitative data was collected through in-depth, non-directive, semi-structured interviews and analyzed for emerging themes using the Atlis.ti software. Readiness factors that were identified included the ability to engage with physics problems qualitatively rather than merely assuming an algorithmic approach, having a sound understanding of basic physics concepts, and competence in reading and speaking the scientific language. Other factors related to personal attributes and behavior and these were work ethic, perseverance, working independently and time management. These findings and their implications are discussed.