❓ The Minister for Housing and Works details progress on initiatives to increase Indigenous home ownership in WA, including the Aboriginal Home Ownership Scheme, Keystart loans, and partnerships with other departments and organisations.
AnsweredQoN 5950Legislative Council
QuestionView source ↗
Will the Minister advise the House what progress has been made in respect of this recommendation?
AnswerView source ↗
Answered
2 April 2008
Responded by
Minister for Local Government representing the Minister for Housing and Works
Response time
36 days
The State Government is committed to providing more opportunities for Indigenous West Australians to own their own home.
Significant support is offered through the Aboriginal Home Ownership Scheme. Since its inception the Aboriginal Home Ownership Scheme has provided more than $73 million to assist more than 640 Aboriginal Western Australians into home ownership. Eligibility for this scheme was essentially linked to public housing eligibility.
To further assist Aboriginal families, the income eligibility criteria for the scheme has recently been increased. Families earning up to $80,000, couples earning up to $70,000 and singles earning up to $50,000 can now qualify for shared ownership assistance. These increased limits will enable more Aboriginal families to build assets and become financially self sufficient through entering home ownership. Several Aboriginal families who purchased a property more than five years ago would have seen their properties almost double in value.
In addition to the Aboriginal Home Ownership Scheme, the
Department through Keystart also provide other loan products that have assisted Aboriginal people into home ownership. These include the Good Start shared equity scheme for public rental housing tenants and applicants, the First Start shared equity scheme for first homebuyers and the standard Keystart Low Deposit loan.
The Department is also working with the Department of Indigenous Affairs, the Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA) and Indigenous Business Australia (IBA Homes) in regard to Home Ownership on Indigenous Land (HOIL) and the legislative changes to allow this to happen on Aboriginal Lands Trust land.
The Department is also working with Aboriginal people to increase home ownership through partnerships with prescribed body corporates or trusts for recipients of royalty payments such as Gumala Aboriginal Corporation in the Pilbara. Under this arrangement the home loan package will consist of a no interest loan from Gumala and a Keystart loan to purchase houses on the private market. Similar discussions are occurring in Kununurra.
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Significant support is offered through the Aboriginal Home Ownership Scheme. Since its inception the Aboriginal Home Ownership Scheme has provided more than $73 million to assist more than 640 Aboriginal Western Australians into home ownership. Eligibility for this scheme was essentially linked to public housing eligibility.
To further assist Aboriginal families, the income eligibility criteria for the scheme has recently been increased. Families earning up to $80,000, couples earning up to $70,000 and singles earning up to $50,000 can now qualify for shared ownership assistance. These increased limits will enable more Aboriginal families to build assets and become financially self sufficient through entering home ownership. Several Aboriginal families who purchased a property more than five years ago would have seen their properties almost double in value.
In addition to the Aboriginal Home Ownership Scheme, the
Department through Keystart also provide other loan products that have assisted Aboriginal people into home ownership. These include the Good Start shared equity scheme for public rental housing tenants and applicants, the First Start shared equity scheme for first homebuyers and the standard Keystart Low Deposit loan.
The Department is also working with the Department of Indigenous Affairs, the Department of Families, Housing, Community Services and Indigenous Affairs (FaHCSIA) and Indigenous Business Australia (IBA Homes) in regard to Home Ownership on Indigenous Land (HOIL) and the legislative changes to allow this to happen on Aboriginal Lands Trust land.
The Department is also working with Aboriginal people to increase home ownership through partnerships with prescribed body corporates or trusts for recipients of royalty payments such as Gumala Aboriginal Corporation in the Pilbara. Under this arrangement the home loan package will consist of a no interest loan from Gumala and a Keystart loan to purchase houses on the private market. Similar discussions are occurring in Kununurra.
Notice: This document is created or edited using unregistered or evaluation copy of rtLib valid for testing or development purposes only. To use it for productive or any other purposes please register it. You may purchase the license on
http://www.rtlib.com
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