Your home.
Better to
live in.
Warm in winter. Cool in summer.
Less costly to run.
Keep your savings and spread the cost through your council rates. If you sell, the remaining charge can stay with the home and the improvements the next owner enjoys.
You know the room that never feels warm enough.
And you know the bills.
It rarely starts as a project. It starts with a cold bedroom, a hot water system which just broke down, or a bill you'd rather not open.
You might fix one thing at a time, when you can afford it. Paying for it all at once is often what makes you wait.
What's on your list?
What if you could pay for it a little at a time, through your council rates?
Here’s how it
could work for you.
Property Linked Finance (PLF) is a different way to pay for a better home.
01
Start with what's on your list.
02
One thing or several. A capital provider pays for 100% of the work upfront.
Pay it off with your rates.
03
The charge covers the improvements plus the cost of financing them. You pay it off over time through your council rates. It is attached to the property, not to you as an individual.
Move when you're ready.
If you sell, the remaining charge can pass to the next owner, along with the improvement they get to enjoy. Or you can pay it out.
Better homes.
More within reach.
Monash University researchers asked 2,239 Australians how they would pay for a better home. In market simulations, more chose an upgrade when Property Linked Finance (PLF) was offered alongside the usual ways to pay.
$14.34
billion
Additional modelled spending on home upgrades.
55.5% more investment
when PLF is accessible and simple to use.
01
More people chose to improve their homes.
In Monash's simulation, more people chose to improve their homes when this option was offered alongside the usual ways to pay.
02
Another way to pay for a new home.
In the modelled new-home scenario, 53.9% chose Property Linked Finance, 34.5% chose a mortgage-funded upgrade and 11.6% chose no upgrade.
53.9%
03
Make the next step an easier one.
Offering finance is only part of the solution. A slow, difficult approval process can reduce its appeal.
Businesses can already do this.
Homes are stuck behind the rules.
3 Ravens brewery in Thornbury put solar and a cool roof on through its council rates. The law lets a business do it.
For homes, a few rules need to change first. We've set out the changes that would open this up for households, with protections for owners and renters built in.
