![]() The Federal Government is encouraging single parents to buy their own house by making a 2 per cent deposit available to them under a new 'Family Home Guarantee' scheme available to single parents.įrom July, single parents with dependent children will be able to buy a home with a deposit of just 2 per cent with the government guaranteeing the remaining 18 per cent. Story continues 2% deposit for single parents "JobTrainer has been a very successful program - more than 100,000 places already and that is helping equip people with the skills they need to find the work that they need," Frydenberg told ABC. The JobTrainer program is designed for 17-24 year olds and was set to expire in September, but will be extended for another year. The Government's JobTrainer program will be extended for another 12 months at the cost of $1 billion, meaning tens of thousands of people will be offered free or low-fee courses to help patch up skills shortages. Here's Yahoo Finance's state-by-state breakdown. Most state and territories in Australia will benefit from the extra funding. The extra funding is expected to support nearly 20,000 jobs. The Budget will include an extra $10 billion towards infrastructure projects to make roads safer and reduce travel time. While the plan will be laid out in full at 7:30pm AEST Tuesday, the Government has already outlined some areas that will get funding. “We want more people in jobs and in better paying jobs.” “Both the RBA and Treasury’s best estimate is that the unemployment rate will now need to have a four in front of it to deliver this outcome,” Frydenberg said. The new goal is to get unemployment to below pre-COVID levels. ![]() “The Budget will lay out the next phase of Australia’s economic recovery plan, to grow our economy so we can deliver the jobs and guarantee the essential services Australians rely on, and keep Australians safe.” The “pandemic budget” will contain measures to boost job skills, infrastructure, tax, energy, digital technology and deregulation, he said in a speech last week. ![]()
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