Despite ongoing market pressures, Victoria remains a key driver of first-homebuyer activity across Australia. In the December 2025 quarter, first-home buyers nationally recorded their highest level of new loan commitments since March 2022, highlighting a resurgence in new entrant participation.
New first-homebuyer loans increased across most states and territories. In Victoria, loan numbers rose 3.5 per cent over the quarter to 10,283. While this represents moderate quarterly growth compared with other jurisdictions, it follows an extended period of strong growth, with Victorian first-homebuyer loans up 6.9 per cent year-on-year. Victorian buyers now account for nearly one-third of the national total.
The uplift coincides with the commencement of the federal government’s Help to Buy scheme in December 2025, providing additional support to eligible purchasers entering the market. Looking ahead, 2026 is shaping up to be a pivotal year for the housing sector. Persistent demand, constrained supply, tax policy settings and interest rate pressures continue to test market conditions.
The REIV will prioritise regulatory reform and supply-focused policy solutions in its platform for the November 2026 state election. Members are encouraged to stay informed on government incentives supporting new entrants, as the Institute continues to advocate for a more sustainable and balanced housing market.