Anne Ruston (SA, Liberal Party, Minister for Families and Social Services) Share this | Hansard source

I thank Senator Henderson for her question. This is an absolutely fantastic new initiative. It's an initiative that is included as part of a suite of measures that are in the budget, because we are all about supporting Australians. We know that single-parent households have lower ownership rates than dual owners or dual occupants. We want to make sure that we support them to jump the biggest hurdle to homeownership—that is, saving for the deposit. So the Morrison government is putting in place the Family Home Guarantee so that single parents are able to secure finance with only up to two per cent of their deposit. The government will act as the guarantor for the other 18 per cent and, in doing so, we tell single-parent Australians that we stand side by side with them supporting them in their commitment and their aspirations to realise their dream of homeownership. This will allow single eligible parents seeking to enter or re-enter the housing market to provide a secure home environment for themselves and for their children. In 2021-22, we believe that around 125,000 single-parent homes will be eligible to access the Family Home Guarantee. I would encourage every single person in the chamber, whether it be this side, that side or down the other end, to tell your constituents about the benefit that this can deliver for your constituents.

Senator Watt interjecting—

Senator Seselja interjecting—