HomeStart Finance

Wednesday, September 23

Govt decides against privatising HomeStart's loan book

The State Government has decided against selling off part of the HomeStart Finance loan portfolio, after an analysis found the move would be a zero-sum game for the state budget and may even be a drain on the state’s coffers.

Govt authority had ‘no limits’ on alcohol spend: Ombudsman

The State Government’s affordable housing lender HomeStart Finance engaged in “substantial mismanagement of public resources” by spending thousands of taxpayer dollars on alcohol without any discernible limitations, the SA Ombudsman has found.

HomeStart CEO John Oliver and chair Jim Kouts. Photo: Supplied/Jessica Clark

Under threat HomeStart uses strong results to fight back

The State Government-backed lender, HomeStart Finance, is promoting its “strongest results in a decade” as its political rulers ponder the sell-off of its loan portfolio.

SA first home buyers lose confidence, fear for jobs

The confidence of South Australian first home buyers has plummeted over the past year, with 80 per cent of respondents to a major survey worried about their job security.