Home Ownership


Buying your own home is likely to be one of the biggest purchases of your life.  The TSRA Economic Development Programme offers home loans at concessional interest rates to eligible Torres Strait Islander and Aboriginal people living in the Torres Strait region.  Owning your own home can:

  • Create a secure and stable environment to raise and nurture your family
  • Avoid the uncertainties of renting
  • Create a source of financial security and independence for current and future generations

The TSRA has an arrangement with Indigenous Business Australia for home loans for Torres Strait Islander and Aboriginal people living in the Torres Strait region.

Under the arrangement the TSRA provides funds to IBA for IBA to write the home loans.

These home loans are between IBA and the customer and are subject to the IBA home loan Terms and Conditions.  The Terms and Conditions are outlined below.

IBA home loan website

For further information

We invite you to read more about:

If you are interested in applying for a home loan please contact the TSRA Economic Development Programme on 07 4069 0700 or economic@tsra.gov.au.

Useful Tools:

What do you spend money on each month? The Australian Securities and Investments Commission provide a useful Budget PlannerThis link will navigate you away from this website which identifies everyday costs including rent, groceries, transport, insurance, medicines, haircuts and takeaways etc.

Indigenous Business Australia also provides an online loan planner that may assist you to calculate your borrowing capacity.

When you apply for a loan your personal credit history will be assessed. If you wish to know what information about you is held by the credit reference agency, you are entitled to obtain a copy which can be requested by visiting Veda Advantage.