Under the scheme first home buyers and single parents will be eligible to apply for one of the additional places under the First Home Loan Deposit Scheme, the New Home Guarantee program, and the Family Home Guarantee.

Federal Member for Lyne, David Gillespie said since the introduction of the First Home Loan Deposit Scheme and New Home Guarantee, 30,000 Australians have been able to enter the housing market.

As announced in the 2021-22 Budget, the government will establish the Family Home Guarantee to support single parents with dependants, he said.

Introduced on July 1 10,000 guarantees will be made available to eligible single parent families to build a new home or purchase an existing home with a deposit of as little as two per cent, Dr Gillespie said.

"We're giving first home buyers and single parents with children the opportunity to enter the housing market and buy their very own home," he said.

"With the 30,000 new places available from July 1 now is the time for potential applicants to contact a participating bank or mortgage provider and get their applications underway.

"The new places will assist Australians in achieving the aspiration of home ownership, providing security and safety for them and their children."

"We know how difficult it can be to buy a new home or re-enter the housing market, and that saving a deposit is the hardest part of getting into home ownership.

"That's why we established the new Family Home Guarantee, which recognises the challenge of saving for a deposit is that much more difficult when you are a single parent with children."

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