A Kirkstall single mother is hoping to access a new first home initiative to be announced in the federal budget.
Adele Anderton, 36, has just started a second job to help save for a deposit for her first home and hopes to benefit from the new Family Home Loan Guarantee.
Adele Anderton, 36, has just started a second job to help save for a deposit for her first home.
Ms Anderton, who is mum to Eddie, 5, and Ryan, 3, said it was difficult to save a deposit.
She has been studying nursing and works part-time at Bunnings.
Ms Anderton said she had now started a job as a personal carer at Mercy Place aged care to help boost her savings.
"I have been trying to save for a house and I have a little away, it's definitely not enough to lock into buying anything yet though," Ms Anderton said.
"I am trying to find a new place back in Warrnambool from Kirkstall just for the ease of living in town with the kids."
Ms Anderson said rent was expensive and it was frustrating to be paying off someone else's mortgage.
She said she was excited at the prospect of being able to access a Family Home Loan Guarantee.
"It would be extremely helpful and I will be looking into it to help buy a home," Ms Anderton said.
Minister for Housing Michael Sukkar announced the scheme on the weekend ahead of Tuesday night's federal budget.
"The Family Home Loan Guarantee will allow for single parents with dependent children to purchase a home with a deposit of as little as two per cent," Mr Sukkar said.
"In many cases, we support first home buyers, we support those who purchase new homes, but people who may have owned a home before and lost it in a family breakdown or other parents, will now have that opportunity.
"We know and all the data supports this that the hurdle for single parents on single incomes to get into the housing market is getting that deposit together.
"The Family Home Guarantee will enable single parents to jump that hurdle with a deposit of as a little as two per cent to purcahse that home."
Mr Sukkar said the federal government believed all Australians should be given the opportunity to purchase a home.
"We're very pleased that the family home guarantee will help single parents, of which 80 per cent are women, to purchase their home," he said.
MP Jane Hume said the scheme would help remove barriers for single parents saving for a deposit and give a hand up to those who need it most.
The Family Home Loan Guarantee will be available for 10,000 single parents over four years, it was announced on Saturday.
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