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Home Ownership Program

Buying your home is likely to be one of the biggest purchases of your life.

TSRA Home Ownership Program

The TSRA offers home loans at concessional interest rates to eligible Torres Strait Islander and Aboriginal people living in the Torres Strait region.

Program Overview

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 Home Ownership Program offers:

  • Interest charged at 4.5 per cent and rises each year by 0.5 per cent to a maximum of 1 per cent below the Commonwealth Bank of Australia (CBA) owner-occupied variable home loan interest rate.
  • A maximum loan term of 32 years.
  • Option to purchase an established residential property, construct a new home, purchase land or make essential improvements to an existing home.
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Frequently Asked Questions

To be eligible for a TSRA housing loan you will:

  • Be a Torres Strait Islander or Aboriginal Person living in the Torres Strait region.
  • Have the capacity to meet housing loan repayments.
  • Be able to meet the minimum deposit requirement of $3,000 or 5% of the cost of the home, whichever is the lesser.
  • Not currently own a property.
  • Loan can only be used to purchase or refinance land or a house.
  • Loan cannot be used to payout personal debt.
  • Home must be client’s principal place of residence.

For more information or to apply, contact the TSRA Economic Development team on (07) 4069 0700 or email

Torres Strait Islanders and Aboriginal people are advised this website may contain names, images and recordings of people who have passed.