Geocon is making an aggressive pitch to first home buyers, offering to match deposits of up to 5 per cent of the purchase price on apartments in its Metropol and Tryst developments.

The Canberra construction giant says it could comfortably fill its ever-growing number of complexes without chipping in to help first home buyers, but is offering the incentive to help people transition from renting to home ownership.

Geocon's general manager of development Peter Micalos and general manager of construction Damon Smith at the Geocon Midnight construction site. Credit:Dion Georgopoulos

The offer comes as a Housing Industry Association report released this week reveals Geocon, despite its sole focus on the Canberra region, is now the fourth-largest residential multi-unit builder/developer in Australia.

It started construction on 906 dwellings last year - all in multi-unit developments - with 856 in the ACT and 50 in a hotel across the border in Murrumbateman.