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2pc deposit: Budget’s housing gift for single parents

The government will on Saturday release a three-pronged strategy to boost home ownership rates, with a focus on getting more single mums into their own homes.From July, single parents with dependent children will be able to buy a home with as little as 2 per cent of a deposit with the federal government guaranteeing the remaining 18 per cent.The scheme, to be called the Family Home Guarantee, is based on the successful First Home Loan Deposit Scheme (FHLDS), which helps first-homebuyers who…

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