Home Ownership
Home ownership enables families who want to own their home the choice of buying their existing public house or building a new property, thereby helping them take pride in their home, build wealth and take responsibility for their housing.
In contrast to mainstream Australia where privately-owned housing is the norm and social housing comprises only a small percentage of total housing stock, social housing is the only form of housing in many Cape York communities and is a form of passive welfare.
The Queensland Government has passed legislation to enable the provision of 99-year leases to be granted on communal land. This is an important prerequisite for home ownership on communal land.
Individuals will be responsible for sourcing finance through mainstream lenders, loan assistance provided by the Queensland Government or loan packages provided by Indigenous Business Australia.
This initiative is designed, developed and delivered by the Queensland Government and the Australian Government
Mainstream Tenancy Initiative >