The following advice applies to a $30,000 loan that is currently being serviced by a non-profit organization.
If you can’t afford to pay your rent, you should consider applying for a home loan that would allow you to rent the property.
For a loan that offers no upfront payment, the first payment is usually the minimum required by the lender.
If you have to pay more upfront, you can take out a smaller loan to cover the extra payments.
You should also consider applying to a lower-rate loan, which is also typically offered by non-profits, for which you will need to pay less upfront.
Find out how to get started with a mortgage and home loan application.
Aboriginal Affairs Minister Simon Birmingham has promised a new Aboriginal Land Rights Program (ALRP) will help improve the lives of Aboriginal people living in remote areas.
In May 2017, the government announced the ALRP would be renamed “The Aboriginal Land Assistance Program” (ALAP).
Under the ALAP, Aboriginal people will receive support to live in “home” and be able to use “property” for their own use.
The Government will also provide $1.8 billion over five years to “facilitate the development and maintenance of Aboriginal land”.
There will be a range of incentives for people to apply, including the ALRP, which will help people get “in the game” and access affordable housing.
But it is worth remembering that, unlike other types of loans, there is no upfront funding requirement.
So if you have already made a down payment, you might be able use that money to buy a house.
How to apply for a loan in WA and SA If you are living in WA, WA Government website: www.wa.gov.au/government/housing/home/housing-opportunities-program-australia-banking-group or www1.wa-gov.ac.au or WA Government homepage: WA Homepage or a link to the Aboriginal Affairs Department’s website.
South Australia: South Australian Government website or contact the South Australian Rural Housing Authority. Victoria: Victoria Government website or contact the State Government.
Queensland: Queersland Government website, or contact Queensland Rural Housing.
Western Australia: Western Australian Government or contact Western Australian Rural Services.
NSW: NSWC website or telephone: 1800 076 071. Tasmania: TAS Rural Housing or contact Tasmanian Rural Housing Services.
New South Wales: New South Welsh Government website.
Northern Territory: Northern Territory Government website for Aboriginal and Torres Strait Islander people.
Qld: QLD website.