Single Parents
Support for eligible single parents and eligible single legal guardians to buy a home.
The Australian Government 5% Deposit Scheme helps single parents or legal guardians who have saved a minimum 2% deposit to buy a new family home with a Government guarantee.
There are unlimited places available under the Australian Government 5% Deposit Scheme from 1 October 2025.
Refer to the Single Parents Fact Sheet and Information Guide for full details.
Make an appointment with a MyState Bank lender to start your application
Who is eligible?
Check your eligibility using the Borrower Eligibility Tool on the new government website – a questionnaire to help identify your borrower eligibility for the Scheme.
To access the Scheme, you need to meet borrower eligibility criteria including:
- Applying on your own (no joint applications).
- Single parent or single legal guardian of one or more dependent children Australian citizen or permanent resident, at least 18 years old
- Saved a minimum deposit of 2%
- Not have any other property interest once your new home settles
- Buying a home in Australia priced at or below the location’s price cap
- Planning to live in the home as an owner-occupier (no investment properties)
- Applying for an owner-occupier home loan with Principal and Interest repayments from a Participating Lender, up to 30 years (plus up to 3 years to build a new home)
Property price thresholds
Use the Property Price Cap Tool – a tool to help home buyers determine the property Price Caps for the suburb they are purchasing in.
