Figures from the federal education department have shown families on average have saved an extra $2768 since the subsidy changes came into effect in 2023.
Under the revised subsidy, the income cap for eligibility for the scheme rose from just over $356,000 to $530,000.
The percentage of childcare fees that were subsidised by the government was also boosted, rising to as much as 90 per cent for those earning under $80,000.
Families on average have saved an extra $2768 since chilcare subsidy changes took effect in 2023. (Paul Miller/AAP PHOTOS)
The average savings under the subsidy was based on a family earning $120,000 a year paying for 30 hours of childcare a week.
Prime Minister Anthony Albanese said the subsidy boost for parents had helped pave the way for expanding childcare affordability and access.
"Building Australia's future is about more than bricks and mortar, it's about investing in people, especially our children and their future opportunities," he said.
"We want to make sure we are putting in place the building blocks for a universal childcare system, while providing immediate cost of living relief for families and educators."
It comes as the largest early childcare provider Goodstart reported job applications had risen by 35 per cent year-on-year.
Federal parliament passed laws in November that boosted wages for workers in the sector by 15 per cent over two years.
Wages rose by 10 per cent from December, with the remaining five per cent to come into effect at the end of 2025, as part of a $3.6 billion measure.
The pay packet boost would only come into effect for centres if they agreed not to push up fees by more than 4.4 per cent.
Education Minister Jason Clare said the increased wages would lead to staff staying in the sector for longer.
"Properly valuing the early childhood education and care workforce is crucial to attracting and retaining workers and vital to achieving the quality universal early learning sector Australian families deserve," he said.
"We're boosting the wages of early childhood education workers, while relieving cost-of-living pressures on Australian families."
