Approved Home Loans

Approved Home Loans provides free up-to-date access to the best value Loans online, Home Loans, Home Equity Loans and Interest Only Loans information, resources, products and services from a comprehensive selection of Australia's leading and best known bank and non-bank lenders.

Whether you are looking for a loan for a new home, a first home buyer loan, investment property loan or refinancing an existing home loan, Approved Home Loans is here to help ...

Low Rate Home Loans
Finding the best rate home loans has never been easier. No upfront fees.

Click for details

Home Loans Australia

Look no further for low rates and fast, free online approval process.

Click for details

MAKING NEWS

Wed, 23 December 2009
Anna Bligh's plan for Aboriginal home ownership failing
THE Bligh government's plan to open the way for Aboriginal home ownership in remote north Queensland settlements is failing, as not a single home loan has been signed since a new leasing scheme was introduced 18 months ago.

Native title laws are being blamed for the bureaucratic bottleneck that has left Aborigines who are keen to own a home forced to remain in the public housing system.

The statutory body that facilitates home loans for Aborigines living in remote communities, Indigenous Business Australia, says it is "ready to write home loans tomorrow" for a number of families, but negotiations over native title have stalled their plans.

IBA general manager Ron Morony said achieving home ownership had been much more difficult for Aborigines in Queensland than it had for those in remote communities in the Northern Territory, where 12 home loans had been signed and another 29 people were waiting for loans to be approved.

Start of sidebar. Skip to end of sidebar.

End of sidebar. Return to start of sidebar.

"Our frustration has often been just getting through the technical stuff of leasing," Mr Morony said. "What is kicking in is native title rights, which we have got to get clear with the traditional owners before we can actually agree to these leases."

IBA says it is negotiating with eight communities in north Queensland, including Mapoon, Palm Island, Yarrabah, Wujal Wujal, Hopevale, Cherbourg and Doomadgee on home ownership, but until the land issues are resolved "these discussions cannot progress past expressions of interest or inquiry stage".

The Queensland parliament passed laws in July last year that were billed as the vehicle to enable Aboriginal home ownership in remote communities on land held in trust by Aboriginal councils. The legislation allowed for individual 99-year residential and commercial leases to be signed in remote communities, and the new laws were touted as the key to resolving land tenure issues and allowing economic development. However, it is indigenous councils and not the Queensland government itself which are able to grant leases.

The Queensland government's Resource Management Indigenous Services executive director James McNamara said there were five applications for 99-year residential leases being assessed and processed by councils and trustees, with the assistance of the Department of Environment and Resource Management.

"Processing 99-year leases is a matter between the individual applicant and trustee of the land," Mr McNamara said.

Mayor Percy Neal of Yarrabah near Cairns blamed delays by

the local land council for the failure to progress 99-year lease applications.

"I think just about everybody wants to own their own home," Mr Neal said. "Yarrabah council has always pushed the issue that we want to see people get their own homes, but these guys -- the state, the land council -- are continually stuffing around."





Click here for more news from Approved Home Loans.

Here are some Approved Home Loans articles that may be of interest ...

Home Loans: Is now the right time to refinance?
Interest rates have changed since you took out your home loan and you think it could be time to refinance your existing mortgage ... but the entire loan application process was so exhausting during the initial loan that you are not sure it is worth the hassle ... more

Home Loans: Choosing a mortgage broker
There are a number of potential pitfalls in relying on a mortgage broker for the best home loan solution ... particularly given the enormous growth in the broking industry and the recent entrance of new players ... mor6

TELL A FRIEND
Tell a friend about this website! Simply enter your friend's email address in the space below and click the button to send your friend a link to our Approved Home Loans website.

BOOKMARK THIS WEBSITE
To add Approved Home Loans to your favourites, simply click here.

Approved Home Loans Link Exchange
To view our links page or to exchange links with this website, please visit our Approved Home Loans links page.

home  |  news  | links  |