Single parent with two children

Household income $95,000/year + $45,000 deposit

Sarah is seeking a three-bedroom home for her and her sons. See how she was able to afford the perfect home in walking distance from her sons’ school.

Sarah, age 39, works full-time and has two sons, Matthew, ages 16 and Finn, 12. She is looking to buy a home in the western suburbs of Adelaide near the high school that her sons attend. She previously owned a home with her ex-husband and as such is not eligible for the First Home Owner Grant.

Through HomeSeeker SA, Sarah has found a three-bedroom townhouse at Ferryden Park that is being sold as a house and land package. Other homes in the development all start at $480,000, but the builder is specifically creating some lower cost homes in this project for HomeSeeker SA. These homes are exclusively for sale through HomeSeeker SA to eligible home buyers. 

The home that Sarah likes is priced at $364,000 and within walking distance to her sons’ school. Being a house and land package means that she will save on stamp duty.  

Sarah has been in contact with HomeStart Finance and after speaking to a senior lender has identified that she needs to put a minimum of $33,658 towards the deposit and upfront costs Weekly repayments will be $450 a week, however Sarah would like to contribute $45,000 towards the purchase which means that her loan and repayments will reduce. 

Monthly household income after tax


Home purchase price


Stamp duty + other fees


Borrowed amount ($375,828) – deposit ($45,000)


Monthly repayments on loan



This fictional case study is based on real life experiences of home buyers. Before buying a home, it is strongly recommended you seek professional advice on your personal financial circumstances and your ability to pay a mortgage.

As at November 2021