The Commonwealth Bank has delivered a staggering profit update amid a surge in first-home buyers trying to crack the property market.

Australia’s largest bank posted a $5.4 billion half-year net profit on the back of increasing lending and deposit volume growth.

It coincided with Australian Bureau of Statistics figures that revealed a 7 per cent spike in the number of first-time property buyers taking out home loans in the December quarter of 2025.

A total of 31,780 loans were issued to first-home buyers in the quarter – the most in two years.

The Australia Institute’s chief economist Greg Jericho said it was the first insight into the impact of the Albanese government’s 5 per cent deposit scheme introduced in October 2025.

“That’s a big jump … but there was nearly a 16 per cent increase in the amount of money being loaned,” he said.

“Now their average loan is........

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