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Victoria's indigenous home ownership rate leads the way on mainland Australia.

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18 September 2002

Victoria's Indigenous home ownership rate leads the way on mainland Australia

Aboriginal and Torres Strait Islander people living in Victoria have the highest Indigenous home ownership rate on mainland Australia. The rate - 42 per cent - is second only to Tasmania, where 55 per cent of Indigenous people are living in their own homes.

Recent ABS Census figures also reveal that the national Indigenous home ownership rate is 32 per cent, compared with 71 per cent for non-Indigenous Australians.

ATSIC's Commissioner for Victoria, Marion Hansen, said ATSIC's highly successful Home Ownership Program was a significant contributor to the current level of Indigenous home ownership.

"Our home ownership program this month topped half a billion in home loan finance since 1990. The striking feature about it is that it's a self-funding program, using the income from borrowers' repayments to generate funds for new loans," Ms Hansen said.

"We're pleased with the increases over the past decade. Home ownership confers major economic benefits, and also social benefits because of the stability it brings to people's lives.

"But ATSIC realises there's a lot of work ahead before Aboriginal and Torres Strait Islander people enjoy the same level of home ownership as other Australians," Ms Hansen said.

Since 1990, ATSIC's home ownership program has provided housing for more than 18,000 Indigenous people across Australia.

In Victoria, ATSIC has lent $34.85 million in the past 12 years. The loans have provided housing for an estimated 1,300 Indigenous people.

For more information:

Giuseppe Stramandinoli (ATSIC Victoria Public Affairs) 0419 508 125