Single parents are set to receive a housing boost in the federal budget

The program allows first home buyers to obtain a loan for a new or newly-built home with a deposit of as little as two per cent with the government guaranteeing up to 18 per cent of the loan.

Minster for Women's Economic Security Jane Hume says the aim is to make the"great Australian dream" accessible for single mothers."We know that so many single parents use so much of their income towards rent and building that deposit is so much harder for them with the demands of children," she said.

The government has also extended its similar First Home Loan Deposit Scheme to an additional 10,000 buyers.

A very small amount of single parents you mean. Strictly limited to 10000

The Dumb get dumber. Let's say a single parent miraculously manages to find a house at $400000. That's $8000 deposit and a $392000 plus cost mortgage for 30 years resting on the gamble that interest rates won't go up. So who pays to raise the children? Lord save us from idiots!

I got a home loan when you could get a 0% deposit loan from homestart. My repayments were literally less than rent. All you people who think its a bad idea are either idiots, or just probably think people on welfare are cheats, because you're entitled. Shame on you.

And how long will it take the single parent,with a low income, to pay just the interest alone?

This shows how out of the real world the federal LNP are. Where in the hell is a single parent going to get a $20,000 deposit to but a home in Sydney. There's LNP idiots need the big boot come the election.

Can they afford it when interest goes up that's the problem

The main beneficiaries will be existing property owners.

Then the interest rates go up. Watch the foreclosures start

Single mummy families

Gewd imagine the interest

If you can only afford a 2% deposit you probably can't afford to pay the rates.

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