• You must be an Australian Citizen or a permanent resident of Australia ( Permanent resident has the same meaning as in the Australian Citizenship Act 2007 (Cth),) 
• The property you buy must be owner occupied ( You must live in the property)
• be single. A person is considered single if they don’t have a spouse and/or a de facto partner. Note: a person who is separated but not divorced is not considered single.  
• have at least one dependent child. To have a dependent child, you must be the natural or adoptive parent of the child and the child must either be  
• a “dependent child” within the meaning of subsections (2), (3), (4), (5), (6) and (7) of section 5 of the Social Security Act 1991 or  
• at least 16 but under 22 years of age, receive a disability support pension within the meaning of the Social Security Act 1991 and live with you. 
• To be eligible, you must not currently have:
• a freehold interest in real property in Australia 
• a lease of land in Australia 
• a company title interest in land in Australia 
  

There are maximum purchases prices based on location in Western Australia, they are -

1/ In a capital city (Perth) - $850,000
2/ In other parts of the state in Western Australia - $600,000

Not all banks or lenders are participating in the Family Home Guarantee scheme, so if you have any questions contact your mortgage broker to find which lenders or banks are participating in the scheme.