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Westpac has prolonged its dedication for Head Begin Properties for an extra three years to assist extra Australian households with safe, secure, and secure housing.
In a press release, the large financial institution mentioned the continued partnership with the not-for-profit group providers group is a part of its broader technique to extend entry to housing for all Australians at a time when low-income households are needing progressive and accessible choices into homeownership.
Backed by Westpac because it was established in 2017, Head Begin Properties has been offering households, single mother and father, First Nations Peoples, and people residing in social housing with sensible pathways in the direction of proudly owning their very own dwelling, together with assist with financial savings plans and performing as guarantor on dwelling loans for eligible shoppers.
“Our partnership with Head Begin Properties so far has helped greater than 100 households achieve entry to financial savings plans,” mentioned Richard Burton (pictured above), Westpac’s managing director of mortgages. “We’re assured we will help present much more individuals with reasonably priced housing choices and assist progressive options to assist deal with the present housing affordability disaster.”
“We’ve just lately introduced our involvement within the Australian authorities’s Residence Assure Scheme, which can prolong to Head Begin Properties shoppers, and we’re additionally pleased with our involvement with Head Begin Properties within the Wollongong Recycling Residence Possession Program, with a number of households progressing their journey in the direction of dwelling possession within the Wollongong Native Council space,” Burton mentioned.
Stephen Woodlands, managing director of Head Begin Properties, acknowledged Westpac’s dedication to the organisation’s imaginative and prescient of a secure and secure dwelling for everybody.
“We’ve seen an unprecedented demand for our providers over the previous six months, and we all know our continued partnership with Westpac helps households transfer ahead to monetary independence,” Woodlands mentioned. “Our homeownership pathways have far-reaching optimistic ripple results as a result of dwelling possession is likely one of the finest methods to cut back homelessness and intergenerational poverty.”
Head Begin Properties is providing shoppers a variety of empowerment providers amidst elevated cost-of-living pressures, rising rates of interest atmosphere, and a buoyant property market. These embody entry to devoted financial savings plans, credit score scores, and property coaches to assist eligible shoppers in reaching their homeownership objectives.
“Proudly owning your individual dwelling is about a lot greater than creating monetary safety; it offers households with a way of bodily and emotional security,” Woodlands mentioned. “This may be life-changing, notably for our shoppers who face vital limitations into dwelling possession.”
To know extra about Head Begin Properties, together with how one can assist, go to www.headstarthomes.org.au.
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