In Australia, there is currently a significant lack of affordable housing.
According to the UNSW City Future Reseach Centre in NSW, the shortfall of affordable housing in 2019 across Australia of 213,700 homes.
The shortages are most acute in New South Wales – 79,000; Queensland – 54,700 and Victoria – 42,700.
The cooperative identifies and invests in developments in New South Wales, Queensland and Victoria that deliver affordable housing, particularly in regional areas.
Maxilife Properties Australia Limited is a registered charity expressly for the purpose of providing Affordable Housing and has tax exemptions in respect of GST, income tax, land tax, and stamp duties which combines to ameliorate the delivery of new, affordable homes
Members subscribe to the cooperative by paying an application fee of $50.
MaxiLife lends money secured by mortgage on selected projects that have been approved by the MaxiLife Board after rigorous due diligence and thorough assessment of the project including a feasibility report has been undertaken by the credit committee.
The Cooperataive allows you to invest in making a difference to hundreds of families across Australia each year by building affordable homes for them to buy and live in.
We were formed under legislation that commits us to the seven Co-operative Principles.
Our Rules set out our purposes.
The co-operative will provide annual financial reports to you as members that report against both financial and non- financial performance indicators.
Financial performance indicators will provide information about the financial sustainability of your co-operative in the context of its purposes under the Rules.
Non-financial performance indicators will provide information about the impact of your investment in the co-operative and they will address the seven co-operative principles as set out below:
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