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I reported on Thursday on the record lift in mortgage commitments for first home buyers in the fourth quarter of 2025, driven by the Albanese government’s expanded 5% deposit scheme, which came into effect on October 1, 2025.
The December quarter of 2025 saw $19.310 billion in lending to first home buyers, an increase of 16% on the prior quarter and the highest value since the March quarter of 2021:
The average size of first home buyer mortgages also jumped by a record 8.3% in the December quarter of 2025:
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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.