The government has announced a home loan scheme to help single parents into the property market which includes expanding access to superannuation savings for first home buyers. Under the package single parents will need to save a 2 per cent deposit or just $8,000 while the remaining 18 per cent will be guaranteed. Superannuation savings access will be expanded for first home buyers from $30,000 to $50,000. The strategy will add an extra 10,000 places to the first home loan deposit scheme – doubling the initial limit. The family home guarantee package will form the centrepiece of the government’s housing policy strategy in Tuesday’s budget and is due to begin in July.