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Get into your own home sooner.

Netball SA announces new sponsorship to expand its South Australian footprint

25/07/2017
Netball SA has announced a new sponsorship with South Australian home lender, HomeStart Finance, in a huge boost for grassroots netballers around the state.
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With over 35,000 registered players across the state, the HomeStart Finance partnership will enable Netball SA to continue to expand its support for communities throughout South Australia.

Netball SA CEO Ben Scales believes the partnership is a great fit for both organisations.

“HomeStart Finance is passionate about building strong and thriving communities and we are excited about partnering with them,” said Scales.

“Netball plays a key role in building strong communities and are committed to continuing to provide opportunities for the community to be engaged in the sport and support our players, umpires, coaches and volunteers to build life-long memories.

“This partnership is a significant investment for those at the core of our sport and it is exciting to partner with an organisation who has a similar vision.”

As part of the sponsorship, HomeStart Finance will become the naming rights partner to SA Districts Netball Association facility at Golden Grove, now known as HomeStart Finance Park, and will be heavily involved in promoting community netball across the state.

HomeStart Finance Head of Strategic Development, Andrew Mills said he was proud to support an organisation that plays such an important role in the lives of so many South Australians and their communities.

“At HomeStart Finance, we’re committed to building stronger communities - from helping South Australians to achieve the dream of home ownership, to supporting organisations like Netball SA who bring people together to be active, socialise and have fun,” he said.

“We’re excited about growing the sport’s footprint across the State, and enabling more South Australians to experience the enjoyment of netball.”

View the official media release.

John Oliver on housing affordability - The Australian 28.04.17

1/05/2017

With better loan access, buyers get a foot in the home ownership door- An opinion piece by HomeStart CEO John Oliver.

Based on recent research by the University of Adelaide into the impact of HomeStart on home ownership rates, John Oliver gives some insight into the situation at hand.

View the full article.

Annual Report 2015-16

10/01/2017

HomeStart’s 2015-16 Annual Report is now available!

View the media release for the highlights.

View the full report.

 

Christmas and New Years Opening Hours

1/12/2016
The HomeStart offices will be closed from Saturday 24 December 2016 and reopen on Tuesday 3 January 2017.

Please note, joint customers without a completed One to Sign form, will not be able to access redraw during this time. All other customers can access redraw via eHomeStart.

HomeStart wishes you a safe and happy festive season.
 

HomeStart cuts interest rate

9/05/2016
HomeStart is pleased to announce that we are reducing our standard variable interest rate to 5.39% p.a., effective 23 May 2016 for most customers. Others will be notified by mail regarding the effective date.
The new standard variable rate to 5.39% is the lowest ever offered to HomeStart customers. The rate cut will help reduce customer loan terms and interest charges over the life of their loan and for the majority of customers repayment amounts will remain unchanged.

Like some other financial institutions, HomeStart is not passing on the full rate cut as the Reserve Bank’s official cash rate is only one factor considered to determine interest rates. In setting rates, HomeStart takes into account factors such as market conditions and funding costs, which have increased. It is important to note that in October 2015 HomeStart did not adjust interest rates when many other financial institutions raised their interest rates outside the cycle of Reserve Bank changes.

Customers should contact their Loan Manager if they have any questions.

Change in lending policy – New Zealand citizens holding a Special Category Visa *Updated*

3/03/2016

Having reviewed our Lending Policy eligibility requirements, New Zealand citizens holding a Special Category Visa, irrespective of arrival date in Australia, are now eligible to apply for a HomeStart loan.


Having reviewed our Lending Policy eligibility requirements, New Zealand citizens holding a Special Category Visa, irrespective of arrival date in Australia, are now eligible to apply for a HomeStart loan.

Contact enquiries@homestart.com.au for any questions about our lending policy

The ‘visa categories’ section in the lending Policy will now read:

1.1 Visa categories

HomeStart will only accept visas which permit indefinite residency. The following are acceptable visa categories:

  • skilled;
  • independent;
  • State/Territory nominated independent;
  • designated area sponsored;
  • independent overseas student;
  • Australian sponsored overseas student;
  • Special Category Visa;
  • employer nomination scheme;
  • distinguished talent visa; and
  • business talent category

For permanent residency borrowers, a copy of their permanent residency visa, with the original sighted, must be presented to the HomeStart consultant. Where the original cannot be sighted, an online printout or proof of receipt of an Australian Aged Pension or Disability Support Pension is accepted as proof of permanent residency. 

New Zealand citizens holding a Special Category Visa, irrespective of the date of arrival in Australia, are eligible to apply with a loan application.

2014-15 Annual Report

18/12/2015
HomeStart's 2014-15 Annual Report is now available - it was a great year for first home buyers!


View the full report.

HomeStart cuts interest rate

11/05/2015
HomeStart is pleased to announce that we are reducing our standard variable interest rate by 0.20% to 5.54%p.a., effective 20 May 2015 for most customers. Others will be notified by mail regarding the effective date.

The 0.20% reduction in our standard variable rate to 5.54% is the lowest ever offered to HomeStart customers. The rate cut will help reduce customer loan terms and interest charges over the life of their loan and for the majority of customers repayment amounts will remain unchanged.

Like many other financial institutions, HomeStart did not pass on the full rate cut as the Reserve Bank’s official cash rate is only one factor considered when determining interest rates.

Customers should contact their Loan Manager if they have any questions.

HomeStart cuts interest rate

6/02/2015
HomeStart is pleased to announce that we are reducing our standard variable interest rate by 0.25% to 5.74%p.a., effective 21 February 2015 for most customers. 
Others will be notified by mail regarding the effective date. The rate cut will help reduce customer loan terms and interest charges over the life of their loan and for the majority of customers, repayment amounts will remain unchanged.

Customers should contact their Loan Manager if they have any questions.

John Oliver reappointed as HomeStart CEO

15/12/2014
The HomeStart Board have officially approved the reappointment of John Oliver as CEO for a further five years.

John joined HomeStart Finance in December 2009 and to ensure the long term sustainability of the business he has focused on:

  • the achievement of financial goals and delivering strong outcomes
  • improving relationships and the credibility of HomeStart Finance across government departments
  • leading cultural change and investing in the personal development of the HomeStart Finance team
  • strongly supporting the operational excellence program to ensure HomeStart Finance is a productive and efficient organisation with streamlined processes
  • driving the implementation of FELS to ensure the business has a strong and effective platform for its future activity
With the assistance of his Executive group and the wider HomeStart Finance team, John has positioned the business so that HomeStart can look forward confidently and take innovative initiatives to continue to ensure we make home ownership a reality for more people, sooner.

Annual Report now available

1/11/2014
HomeStart's 2013-14 Annual Report is now available. It was a great year for first homebuyers and the construction of new homes.

View the media release for the highlights.

View the full report.

Support for HomeStart’s ‘super’ idea!

29/07/2014
Independent Senator for South Australia, Nick Xenophon has shown support for HomeStart’s proposed ideas via a Senate Committee on affordable housing.
View the Senator’s response.

View HomeStart’s media release.

Homebuyers seek niche products from brokers in tough market

19/06/2014
Homebuyers are increasingly turning to mortgage brokers to find home loan solutions with more flexible terms as a tough finance market and cost of living pressures continue to squeeze personal finances.

View the media release.

Support Vinnies CEO Sleepout

3/06/2014
Everyone deserves to be treated with dignity and respect, regardless of their circumstances. That’s why HomeStart CEO John Oliver will be taking part in Vinnies CEO Sleepout on 19 June 2014.

Did you know?

  • 58% of people experiencing homelessness are under 35 years of age
  • 44% are women
  • 12% are under 12 years of age
The CEO Sleepout challenges business and community leaders to experience homelessness first-hand for one night, raise money and effect change in social opinions on this serious issue.

You can help by donating, taking part yourself or nominating your boss.

Seniors tap into home equity

1/05/2014
An increasing number of asset rich but cash poor baby boomer retirees are turning to the equity in their homes to free up cash to manage living expenses in their later years.

CEO of HomeStart Finance, John Oliver, said more retirees were choosing reverse mortgages to access home equity for expenses such as house maintenance or a trip to visit family, in the face of limited finance options.
 
View the media release.

$45,000 advantage for SA homebuyers

15/02/2014
First homebuyers, single parents, graduates, nurses and tradies will be among the South Australians to benefit from a more affordable home loan announced by the State Government and HomeStart Finance.

View the media release.

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