Hey there single parents! A new program called the Family Home Guarantee can help you build your own home.
It’s like a Single Parent grant, because it’s specifically for single parents with dependents who can provide a 2% deposit. But unlike other grants, it isn’t just for first home buyers- you could be eligible if you have already owned a home.
Compared to the First Home Loan Deposit Scheme (FHLDS), the difference is this Guarantee is purely to benefit single parent families that do not have the ability to save large deposits. And rather than a 5% deposit, it’s only a 2% deposit, making it easier for single parents to get into the housing market without a second income.
Single parents with dependants on low to middle incomes are able to obtain a home loan with a deposit as low as 2% (similar to that of Keystart, but with a bank lender). This Guarantee is available to both First Home Buyers and previous homebuyers. From July 1st 2021, 10,000 places will be made available across Australia over 4 financial years. That means there are only 2,500 places each year!
• Must be an Australian Citizen. Unfortunately permanent residents do not qualify.
• Be at least 18 years of age.
• Singles with a taxable income of no more than $125,000 per annum for the previous financial year.
If you’re interested in learning more about what you’re eligible for, please register your interest by giving us a call or filling out the form below. One of our friendly new home specialists will get back to you as soon as possible!
As of the July 1st 2021, the price caps will increase by at least $50,000 (depending on the location). For small regional areas, caps can increase by $150,000 to $600,000.
Effective as of July 1st 2021:
It should come as no surprise to you that there’s been huge delays in the construction industry, since the release of the 2021 building grants. Perhaps you’re considering building your own home, but aren’t prepared to wait around. We’ve got the perfect solution for you…
Our twelve month move in guarantee has been created exactly for people like you. We’ll have you moving on up (and into your very own home) within the year. If you’re thinking about building, or wondering what grants you may be eligible for, speak to the Move Homes team today.
We see us building a future together. So our promise to you is to build your home in 12 months. That way you get peace of mind and can start planning your housewarming!
We don’t plan on standing you up, but if we do, we’ll pay you $400 per week. Don’t forget that this offer expires on 30th September 2021, so make sure you’re chatting to one of our team members before then.
Ready to build your own home? Complete the form below and we’ll be in touch! From here, we’ll help to get your finances in order and can work towards creating a home design plan that’s perfect for you and your lifestyle. What are you waiting for!?
To demonstrate our team’s attention to detail and the beauty of our home designs, we have display homes conveniently located in Perth’s North and South communities. Visit our Perth display homes and see what makes a new home built by Move Home unique.
Over the last 50 years we’ve proudly built over 15,000 homes for Australian families. We have the same values today as we did in 1969 when we built our first home in Light Street Dianella.
The Family Home Guarantee Scheme is an Australian Government initiative that helps eligible single parents with dependants on low-middle incomes purchase a home with as little as a 2% deposit.
The Family Home Guarantee allows single parents with dependants on low-to middle incomes to purchase a home with a deposit as little as 2%, with the remaining amount guaranteed by the National Housing Finance and Investment Corporation.
Eligible participants must be Australian citizens over the age of 18 with a single taxable income of no more than $125,000 per annum.
If you believe you’re eligible for the Family Home Guarantee, chat to our Finance team to discuss how we can help.
Over the last 50 years we have proudly built over 15,000 homes for Australian families. We have the same values today as we did in 1969 when we built our first home in Light Street Dianella.
Our commitment is to provide you with complete transparency and give you a real understanding of all aspects of your home loan.