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Unlock Homeownership with the Pathways Shared Equity Loan in Queensland

  • Writer: Liem Ngo
    Liem Ngo
  • Oct 31, 2024
  • 2 min read

The Pathways Shared Equity Loan is a unique opportunity for Queensland public housing tenants to transition from renting to owning their home. This innovative scheme allows eligible tenants to partner with the government to purchase a share of the home they currently rent, making homeownership more accessible for many.


Family standing in front of their new home with a "Sold" sign, representing the Pathways Shared Equity Loan program.

Key Features of the Pathways Shared Equity Loan

  1. Affordable Payments: Loan repayments are capped at 35% of your income, allowing for better budgeting and financial stability.

  2. Ownership Opportunities: Tenants can increase their ownership stake over time, potentially leading to full ownership of the property.

  3. Property Maintenance: While you are not responsible for rent on the government’s share, tenants are still accountable for council rates, maintenance, and home insurance.

Eligibility Criteria

To qualify for the Pathways Shared Equity Loan, applicants must meet the following criteria:

  • Be an existing public housing tenant.

  • Be an Australian citizen or a permanent resident.

  • Not own or partially own another property.

  • Be unable to afford to buy the home outright through a standard home loan.

  • Have a good credit history and no significant debts.

  • Ensure that loan repayments can be met without undue hardship.

  • Intend to live in the home throughout the shared equity agreement.

  • Have no outstanding debts with the Department of Housing.

How to Apply

If you meet the eligibility requirements and are interested in the Pathways Shared Equity Loan, you can contact the Queensland Government’s loan hotline at 1300 654 322 or email hscsloaninformation@housing.qld.gov.au for more information and to start your application process.

Conclusion

The Pathways Shared Equity Loan offers a viable solution for public housing tenants in Queensland, allowing them to invest in their future and gain a foothold in the property market. If you're a tenant ready to take the next step towards homeownership, consider this program as a pathway to your dream home.

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