A new deposit scheme from the Government and this time it is for single parents!!

May 21, 2021

Are you a single parent with dependants and finding it hard to save for a deposit to buy a home for your family?

The Australian Government has announced a new scheme called the ‘Family Home Guarantee’.

The scheme gives you the opportunity to build a new home or purchase an existing home with a 2% deposit and it doesn’t matter if you are a first home buyer or a previous owner.

From 1 July 2021, 10,000 Family Home Guarantees will be made available over four financial years.

Further information can be found on the NHFIC website, https://www.nhfic.gov.au/what-we-do/fhlds/ or if you would like to discuss this scheme further, get in contact with our team at FAA on 1300 49 11 41 to help you get into your home sooner!

 

“Got any questions the FAA Team are here to help!”

John Hehir

 

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Disclaimer:

The information provided in this blog is general in nature and does not take into account your individual objectives, financial situation or needs. It is not intended to be personal financial, legal, taxation, or investment advice. Before making any decisions, we recommend seeking advice from a licensed financial adviser who understands your specific circumstances. While every effort is made to ensure the information is accurate at the time of publication, Financial Advisers Australia makes no guarantees and accepts no responsibility for any loss arising from reliance on this content.