Affordable Homes

Hamlan is dedicated to providing housing options that are accessible to a range of different socioeconomic groups. A commonly accepted guideline for determining housing affordability is a total housing cost that does not exceed 30% of the residents' income.

A lack of affordable housing in a community not only causes distress for families and individuals struggling to subsidise their existence, but is considered by urban planners to have a negative impact on the community in general.

In response to recent research indicating that over one million Australians were suffering from housing stress, many affordable housing initiatives have been implemented to increase the supply of low cost homes. The sale of an affordable home is structured to give preference to those with low to moderate incomes, particularly first home buyers for whom the market is particularly daunting.

As of March 2008 the federal government has doubled its affordable rental home scheme, promising to fund tax incentives for investors to build up to a target of 100,000 low-cost properties.

Homes in regional areas such as Geelong are remarkably more affordable than comparable properties in larger cities.