(AAP Image/Stefan Postles)

The government's successful HomeBuilder program helped drive housing investment to a record high, with loan commitments topping $30 billion in March, data released yesterday from the Australian Bureau of Statistics shows.

But the end of the program and surging house prices are setting the stage for a surge in housing inequity.

In May last year housing lending was down to $16 billion. In June the government announced its HomeBuilder package for the construction sector, and it has been wildly successful: housing finance first returned to pre-pandemic levels and by the final quarter of 2020 was hitting all-time record highs.