Hume Community Housing today announced the purchase of seven villas in East Maitland. The sale represents an important move by the community housing provider to preserve social housing in a region experiencing one of the tightest rental markets in NSW.
The sale was a rare opportunity to purchase a full line of properties centrally located close to shops and amenities. The seven single-level, 2-bedroom attached villas were held by a private owner and head leased to Hume, who managed tenancy of the properties. The villas have provided long-term social housing to local families over many years.
According to Hume’s CEO Brad Braithwaite, the decision to purchase was important in that it would retain desperately needed social housing stock, rather than see the properties lost to the private market.
“We want to help solve the housing crisis by contributing to the supply of affordable rental housing, particularly in the Hunter. Tonight, seven households are sleeping soundly in the knowledge they will retain their tenancies under Hume and will not be adding to the growing line of people waiting to secure a rental they can afford.”
According to a recent Real Estate Institute of NSW’s (REINSW) Vacancy Rate Survey, the Hunter region saw declines in the number of available residential rentals over June with the vacancy rate dropping by 0.3 per cent to 2 per cent. The problem is compounded with an estimated 35.2% of Maitland residents reported as experiencing rental stress. “It is a perfect storm, and with the ongoing cost-of-living pressures more families are approaching organisations like Hume in desperate need of housing support, that’s why every property we can safeguard for social housing matters.’
The villas, built in 1998, are earmarked to undergo a program of repair and maintenance. “These homes, along with another 400 plus homes in the Hunter region that Hume manages, are currently receiving upgrades. Our goal is to provide housing that is safe, secure and that people are proud to call home,” said Braithwaite.
The announcement comes amid National Homelessness Prevention Week 2023 taking place from Monday August 7 to Sunday August 13. The theme for Homelessness Week 2023 is “It’s time to end homelessness”. You can find out more at Homelessness Week – Homelessness Australia.
About Us
Hume is one of the largest providers of community rental housing solutions in Australia. With over 30 years’ experience, we provide homes and services to more than 9,000 customers across NSW. In fact, one in every thousand NSW residents resides in a Hume managed home. We believe a safe, secure, and affordable home is a human right and is the cornerstone to ensuring a prosperous future.
Hume’s comprehensive range of rental housing solutions are targeted to meet the needs of a diverse customer base. With government support Hume provides housing for those who are homeless, at risk of homelessness, fleeing domestic violence along with low to moderate income earners. Our rental programs span crisis, temporary and transitional housing, through to community and affordable housing and specialist disability accommodation (SDA).
Hume also builds and develops new properties in conjunction with Government and partners. We are experts in property management and maintenance services and are a trusted partner with proven large scale property transfers and muti-story residential and precinct developments. Hume is also one of the largest Specialist Disability Accommodation providers in NSW, managing and developing homes in conjunction with the NSW Government. Today Hume has more than 500 NDIS customers living in Hume group homes. www.humehousing.com.au