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Get into your own home sooner.

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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