The Government recognises the importance of home ownership and the economic and social benefits it provides.
That is why the Government is establishing the Family Home Guarantee, creating a pathway to home ownership for single parents to enter or re-enter the housing market.
From 1 July 2021, the Government is providing 10,000 guarantees over four years for eligible single parents with dependants to build a new home or purchase an existing home with a deposit of as little as 2 per cent, regardless of whether that single parent is a first home buyer or previous owner-occupier.
The Family Home Guarantee is based on the successful First Home Loan Deposit Scheme and New Home Guarantee which are helping more than 26,000 first home buyers to enter the housing market sooner.
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