From Thursday 1 July 2021, 10,000 Family Home Guarantees (FHG or Scheme) will be available to eligible single parents. Single parents may use the Family Home Guarantee to build a new home or buy an existing home with as little as a 2% deposit.

Both first home buyers and previous homeowners can apply to purchase an owner-occupied property as their principal residence.

• Applicants must be an eligible single parent with at least one dependent child. 
• 2% deposit must be ‘genuine savings’ 
• There are no restrictions on prior home ownership, but applicants can’t currently own a home. 
• Property must be the buyer’s primary place of residence.
• Limited to Australian Citizens, aged 18 or over with income of $125,000 or less as declared in their FY21 (ending 30 June 2021) income tax return.
• Contracts must be dated on or after 1 July 2021, except land contracts which may be dated at any time.

Verification documents

Applicants for the Family Home Guarantee must provide evidence of their marital status and that they have a dependant in addition to their FY21 ATO Notice of Assessment (NOA).

Acceptable evidence of a dependant includes:

• Dependant’s Australian Birth Certificate;
• Dependant’s Adoption Certificate;
• Consent or Parenting Order issued by the Family Court of Australia;
• Family Court Order (for agreements whereby another family member may now be responsible for the dependant and thereby being the adoptive parent, e.g. grandparent, aunt/uncle);
• Centrelink documentation addressed to the applicant showing they are receiving a benefit for a dependant or that details the care arrangement for the dependant (this should be paired with evidence of the dependants age should the documentation not have that detail).