Australian Property

First home buyers are driving the property boom

Leith van Onselen
Friday, 26 March 2021
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One of the key differences this housing cycle is the prevalence of first home buyers (FHB).

As shown in the next chart, FHB mortgage commitments have never been higher after rising 73% year-on-year in January 2021 to $7.2 billion:

Australian first home buyer mortgages

Australian FHB mortgage commitments have never been higher.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.