Homebuyer's first step makes big impact for crisis support charity
A homebuyer's first step onto the property ladder in Lara is set to help a Geelong charity provide crisis accommodation for the next four years.
Samaritan House Geelong received the financial boost after the $675,000 sale of the four-bedroom house in Reflections Crescent, Lara.
Bisinella Developments donated the 518sq m Lara Lakes Estate lot to Samaritan House Geelong, facilitating the Hamlan Homes construction, with styling by Moda Interior Styling. Landscaping was arranged and funded by Bisinella as a further donation to the project.
Which states lead first-home buyer surge
Coulter Legal, a longstanding supporter of Samaritan House Geelong, provided the conveyancing for both the land donation and the property sale.
The property was purchased in May by first-home buyers from Altona Meadows for $675,000 and the property was expected to be settled in late June.
The four-bedroom residence has two bathrooms and an open-plan living, dining the kitchen area that opens to the back yard.
The proceeds from the sale will support the Samaritan House Geelong's work providing crisis accommodation and essential services to men experiencing homelessness in the region.
Samaritan House Geelong Director Wally Pelaccia said Bisinella's contribution was 'deeply impactful'.
'The success of this project is a reflection of the power of community partnerships,' he said.
'Bisinella's donation will underpin our operations for the next four years, giving us stability and allowing us to plan ahead.'
Bisinella Developments director Richard Bisinella said it's an important cause.
'Homelessness is a critical issue across Australia that Bisinella Developments and our partners are committed to solving at a local level,' he said.
'Supporting organisations like Samaritan House is one way we can help make a real difference to people's lives.
'We are grateful to have been a part of this fantastic initiative and look forward to welcoming the new homeowners into our Lara Lakes Estate.'
Mr Pelaccia said Samaritan House Geelong, which was established in 2012, offers much more than shelter.
'It's a space to reconnect, to build friendships and to believe in a better tomorrow,' he said.
'Guests often form bonds that lead to shared work opportunities and long-term housing, helping to break the cycle of homelessness.
'Support of Samaritan House Geelong enables those men who have fallen on hard times a chance to breathe and re-evaluate their lives.'
Inspired by the success of this initiative, Samaritan House Geelong has placed the idea of a second home build on its agenda, although no immediate plans are in place.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles

News.com.au
2 hours ago
- News.com.au
How Afterpay and Zip are killing home loans
Thousands of Aussies are being quietly shut-out of the housing market not for bad credit, but because of Afterpay, brunch, and one too many online shopping sprees. Finance, real estate experts, and buyers' advocates have sounded the alarm on a hidden world of 'silent black-listing', where hopeful homebuyers are knocked back by banks with no explanation, despite strong incomes and even formal pre-approvals. And you might already be on the list. Ray White AKG principal Avi Khan said he's seen an alarming rise in finance knock-backs over issues buyers never saw coming. 'It's particularly affecting people using buy-now-pay-later services like Afterpay and Zip,' Mr Khan said. 'Any mispayment — even one missed $40 repayment — is enough to raise red flags with the banks. 'Most borrowers have no idea they're being monitored at that level.' While many buyers assume their credit score is all that matters, Mr Khan said banks are digging deeper, and judging harshly. 'People think if they pass the online mortgage calculator, they're good to go,' he said. 'But banks apply a strict stress test those calculators don't factor in. 'So they enter the market with false confidence, and when finance is declined, they're devastated.' Melbourne buyers' advocate and expert in buyer psychology Cate Bakos said she's heard of buyers penalised over spending that feels minor, but looks messy on paper. 'Those services can have a significant impact,' Ms Bakos said. 'And it's not just buy-now-pay-later platforms. If a lender sees cash being pulled out at a casino, that's not a good look. 'Even your subscriptions and payment services show up in your statements — and that can absolutely affect how the banks view you.' Ms Bakos said lenders are trained to spot risk, even if the borrower doesn't see it. 'You've got to think like an assessor. What do your statements say about you? That's what the bank is judging,' she said. Cohen Handler Victoria managing director Nicole Jacobs said even buyers with solid savings can be left reeling when banks reassess borrowing limits without warning. 'It can be absolutely devastating,' Ms Jacobs said. 'If you've been looking at properties in a certain price bracket, and then you're suddenly told your spending habits or credit conduct have precluded you from buying in that range, it feels like the rug has been pulled out from under you.' Ms Jacobs warned that lifestyle spending — even brunches or Afterpay splurges — can quietly erode borrowing power. 'Understand that borrowing isn't about how much you've saved — it's about what you can repay,' she said. 'Even with a great job, the background spending can hurt you. 'Being in a position to buy a home is far more valuable than another handbag or a few nice extras.' Finch Financial chief executive and mortgage expert Julian Finch said while there's no official blacklist, it doesn't mean you're not being flagged. 'If you've defaulted, had a loan declined, or behaved in a way that raises red flags, that information doesn't disappear,' Mr Finch said. 'It sits in the bank's internal systems and can stop you getting a loan — not just with them, but potentially with other lenders too.' Mr Finch said defaults, dishonoured payments, overdrawn accounts and too many applications in a short time can all quietly trigger a silent no, especially when banks are assessing repayment risk. 'Banks monitor conduct,' he said. 'Even if your credit score is intact, poor account behaviour can sabotage your application from inside the bank's risk systems.' The Finch Financial Finder said certain occupations — especially those with casual or unstable income — can also prompt concern, regardless of salary. Mr Finch urged buyers to get a proper credit-assessed pre-approval before shopping — and to avoid applying to multiple lenders in desperation. 'Work with a finance expert who understands how banks think,' he said. 'We can match you with lenders who are suited to your situation and help avoid unnecessary hits to your credit file.' 'I can't say too much just yet, but there's certainly more activity to come.'

ABC News
2 hours ago
- ABC News
Broome locals left in lurch as homes snapped up by east coast investors and state government
Locals in Western Australia's north are finding themselves priced out of Broome's property market, as east coast investors snap up homes without even seeing them and government-owned employee housing floods the market. Investors make up around 50 per cent of property buyers in the remote tourist town, according to local real estate agent Tony Hutchison. He said this shift had contributed to local buyers being unable to afford properties in their hometown. "It's something locals have to compete with … there's more demand and fewer properties available for our local folk," Mr Hutchinson said. "[Investors] may have sold an investment property in Sydney and Melbourne, and could probably afford to buy two properties up here with that sort of money." Mr Hutchinson said some investors bought properties over the phone, without plans to step foot in them. "It's a tricky one because how do you control something like that? It's not like they're foreign buyers; they're all Australian. "There's no legislation that restricts it." Median property prices in Broome have gone up by 13.7 per cent in the past 12 months, according to the Real Estate Institute of WA (REIWA). As of May 2025, the median rent in Broome is $1,050. REIWA president Suzanne Brown said it was a "double-edged sword" because while investors added more competition, they also encouraged supply, which helped keep "rents reasonable". "It is good that we have investors because it helps keep supply high, but eventually tenants want their own home and are competing with investors," she said. "Interstate investors are definitely not interested in the lifestyle that obviously the locals of the region are. "It's more about the yield — it's a very attractive rental market for people to invest in." In remote towns like Broome, Government Regional Officer Housing (GROH) properties make up a sizeable proportion of the market. "In areas where GROH is a negligible proportion of the overall housing mix, the risk of crowding out private rentals is small," the Kimberley Development Commission's latest housing report said. "But that risk increases in a place like the Kimberley, where GROH and other employer-provided housing is a far higher proportion of the market." As of May 31, there were 531 GROH properties in the Shire of Broome. A Department of Communities spokesperson said the GROH program ensured communities had access to key services by providing employee housing. "The 2025–26 state budget includes nearly $104 million in funding to deliver over 100 more GROH homes across the state," they said. "The investment doubles the current number of GROH homes to be built in Western Australia." Without suitable housing, employees may be less incentivised to work in places like Broome, amid soaring demand for essential workers. Broome shire president Chris Mitchell said locals and businesses were competing with the state government for rental properties. "[The state government] has probably got around 80 per cent of our private rental market, which really makes it hard when they will pay a bit more to make sure they get the property," he said. Mr Mitchell also said investors were an inevitable competitor in the Broome housing market. "If someone's buying one for investment, we'd really prefer them renting out to a local family rather than trying to fill it up as an Airbnb," he said. "Realistically, houses in residential areas are for residential living."

ABC News
2 hours ago
- ABC News
Disability advocates fear travel cuts will pose major barrier for NDIS participants
Leaders in the disability sector are worried cuts to NDIS travel costs could pose a major barrier for those who need at-home support. Updated NDIS pricing comes into effect next month, and includes lowering the price at which participants can be charged for certain therapies. Guest: Michael Perusco, CEO, National Disability Services Michael Perusco, CEO, National Disability Services Producer: Kelly-Anne Taylor In a statement to the ABC, a National Disability Insurance Agency spokesperson says the changes are to ensure participants pay fair prices, with some of the current NDIS price limits exceeding market value by 68 per cent.