Update: May 2021 - The government announced a Family Home Guarantee aimed at single parents where the minimum deposit is 2% and will be available from July 1, 2021. The First Home Loan Deposit Scheme (FHLDS) is a Australian Government initiative to support eligible first home buyers purchase a home sooner. It does this by providing a guarantee that will allow eligible first home buyers on low and middle incomes to purchase a home with a deposit of as little as 5 per cent. Th