Am I eligible for the family home guarantee?

The family home guarantee government scheme is geared towards single parents who have at least one dependent to buy a home. Unlike the first home guarantee scheme, you can have owned a property before, you just need to make sure at settlement that you only have the new sole property and not own another separate property.

  • *Australian citizens or permanent residents who are at least 18 years of age.
  • *Must be a single parent or legal guardian with at least one dependent.
  • *The single parent must have a taxable income that does not exceed $125,000 per annum for the previous financial year.
  • *Intend to live in the property and will a owner-occupied premises.
  • *Currently don’t own a property or at settlement will no longer have another separate residence that you own.