‘Sold a lie’: Young mum reveals why she regrets buying a home

News.com.au - 22/04
When Bonnie Hanson purchased a home in 2021, she felt an overwhelming sense of pride, but within a few short months, she was filled with regret and stress.

When Bonnie Hanson purchased a home in 2021, she felt an overwhelming sense of pride, but within a few short months, she was filled with regret and stress.

The 35-year-old secured a $550,000 loan and bought a home in Newcastle using the Family Home Guarantee, a government initiative designed to help single parents purchase property with as little as a two per cent deposit.

The government guarantees 18 per cent of a single parent’s home loan and, in 2021, over 10,000 single parents were entitled to the scheme.

Ms Hanson bought a three-bedroom townhouse in Newcastle. She only had a five per cent deposit, but she figured it’d be okay because she had a good office job.

Bonnie Hanson bought a three-bedroom townhouse in Newcastle. Picture: TikTok/ bigdogbon
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