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AAP
AAP
Jacob Shteyman and Will Nicholas

Early days but a door is opening for first home buyers

Gerard Burg Melbourne Australia Brisbane Cotality
Treasurer Jim Chalmers says the housing market is shifting in favour of first home buyers. (HANDOUT/ATO)

A dive in new home loans to property investors is an "encouraging sign" Labor's changes to negative gearing and the capital gains discount are working as intended, Treasurer Jim Chalmers says.

The number of investor loans fell 8.6 per cent in the June quarter, while first home buyer loans fell just 2.9 per cent, according to data released by the Australian Bureau of Statistics.

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