Family Home Guarantee

You can check your eligibility for Family Home Guarantee on the Housing Australia website, however, the following conditions will generally apply.

• Australian citizens and Australian permanent residents who are at least 18 years of age.
• Family Home Guarantee applicants are allowed to have previously or currently own a home, however at the time they become the registered owner of the property being purchased must not have a freehold interest in property (this includes land).
• Single parents or single legal guardian with at least one dependent child and taxable income of up to $125,000 per annum (taxable income as shown on the Notice of Assessment issued by the Australian Taxation Office).
• Owner Occupied home loans paid on a principal and interest basis (investment properties and Interest Only loans are excluded). If the loan relates both to the purchase of vacant land and to the construction of a house, the loan may still be eligible even if the terms of the construction loan agreement permit Interest Only payments for the partially funded period.
• Applicants who have a deposit between 2% and 20% and contribute the maximum amount of funds available to them.
• Guarantee can’t be used in conjunction with the First Home Guarantee or Regional First Home Buyer Guarantee.

Your maximum property purchase price is subject to the suburb and postcode of your new property. You can check the property price threshold for your property’s suburb and postcode using Housing Australia's property price threshold tool.

You can only use the Guarantee once for the settlement of a home. If you were unable to purchase a property in the required time frame, you may be able to make a new place reservation.