goModdi

https://www.architectureanddesign.com.au/features/features-articles/prefabs-and-the-missing-middle-how-to-get-to-build?

Prefabs and the ‘missing middle’: How to get to build 1.2 million homes in the next 5 years | Architecture & Design The National Cabinet set an ambitious target of building 1.2 million well-located homes over the next five years to tackle Australia’s housing crisis.

FINANCE

This is an interesting development in the industry. Perhaps those looking to secure finance to assist with their small living dreams now have further options.

*this is not financial advise, please ensure to make your own due diligence inquiries.

PRESS RELEASE

Great Escape Finance, Australian Tiny House Association, and MoneyPlace Announce Ground-breaking Partnership to Revolutionise Tiny Home Financing.

01/06/2023 - Great Escape Finance, a leading finance brokerage, is pleased to announce a landmark partnership between the Australian Tiny House Association (ATHA) and MoneyPlace, a prominent lender in Australia. This collaboration marks a significant milestone in the tiny house industry as Australia's first-ever consumer loan for Tiny Home as an approved purpose. Furthermore, this historic partnership represents the first time an Australian lender has created a dedicated tiny home loan book, signifying a crucial step forward for the industry.

The partnership brokered by Great Escape Finance between ATHA and MoneyPlace, is built on the mutual vision of driving innovation and promoting affordability in the tiny home market. By leveraging their combined expertise, these industry leaders aim to revolutionise financing options, enabling more Australians to fulfill their dreams of owning a tiny home.

Paul Pritchett, the Managing Director of Great Escape Finance, expressed his enthusiasm about the collaboration, stating, "This partnership sees the sharing of de-identified data between parties in an effort to continually improve the finance offering to the Tiny Home industry, which will ultimately lead to higher lending limits, lower interest rates via secured lending, and simplified eligibility criteria. Our hope is to also seek the ability to provide balloon or residual amounts and extended loan terms, in an effort to make repayments truly more affordable."

ATHA national president Janine Strachan stated "The approval of Australia's first consumer loans for Tiny Homes as an approved purpose is a significant achievement for the industry. It paves the way for increased accessibility to financing options tailored specifically to the unique requirements of tiny home buyers. This ground-breaking development will undoubtedly boost the growth of the tiny house industry and open doors for aspiring Tiny homeowners seeking a more sustainable and minimalist lifestyle".

MoneyPlace, with its extensive lending experience, recognises the untapped potential of the tiny house market. By creating a dedicated tiny home loan book, MoneyPlace aims to empower individuals interested in this emerging trend, offering customised financial solutions that cater to their specific needs. This bold move showcases MoneyPlace's commitment to fostering innovation and supporting new Tiny homeownership opportunities.

Matt Hall, Head of Sales & Partnerships at MoneyPlace, is "thrilled about the immense potential this partnership brings to borrowers seeking relief in the current housing market, offering them fresh borrowing opportunities and ground-breaking solutions for enhancing sustainable living."

The Australian Tiny House Association (ATHA) brings its industry expertise and advocacy to the partnership. As the peak tiny house industry body in Australia, ATHA plays a crucial role in promoting the benefits of tiny living and supporting the growth of the sector. Through this collaboration, ATHA aims to facilitate meaningful industry-wide changes, ensuring that tiny homes become an increasingly viable housing option for Australians.

The partnership facilitated by Great Escape Finance between ATHA and MoneyPlace, is a testament to the collective commitment of these organisations towards advancing the tiny house movement in Australia. By sharing insights and resources, they will shape the future of tiny home financing, driving affordability, and expanding opportunities for aspiring Tiny homeowners.

For media inquiries, please contact:

Great Escape Finance

About Great Escape Finance:

Great Escape Finance is a leading finance brokerage that specialises in providing tailored financial solutions for the tiny home industry. With a focus on affordability and innovation, Great Escape Finance strives to make Tiny homeownership dreams a reality.

About the Australian Tiny House Association (ATHA):

The Australian Tiny House Association (ATHA) is the peak industry body dedicated to promoting and supporting the tiny house movement in Australia. ATHA advocates for sustainable and affordable housing options while providing resources, education, and networking opportunities for industry professionals and enthusiasts.

About MoneyPlace:

MoneyPlace is a prominent lender in Australia, offering a range of loan products designed to meet the evolving needs of consumers. With a commitment to responsible lending and innovation, MoneyPlace aims to make financing more accessible and affordable for individuals across Australia.

goModdi for Sale or Lease

goModdi is a high quality, architect designed, fully prefabricated, transportable, modular home, available for immediate delivery direct to your site in Tasmania. This goModdi modular dwelling is comprised of three interconnecting modules, a double bedroom with fully fitted generous en-suite, a fully fitted kitchen with laundry zone and a goModdi compatible modular system, sealed natural timber deck. Designed in accordance with the requirements of the Australian Building Code. Supplied with Building Energy Assessor's Report, Engineer's Certificate and Surveyor's Framing inspection for your onsite building compliance requirements. Specification includes, double glazing throughout, fully insulated, a fully tiled and fitted shower room, kitchen joinery and European appliances, light fittings, plumbed and wired ready for on site mains power connection or solar. Suitable for first home buyers, short-stay holiday let accommodation, ancillary dwelling, temporary living during construction or for remote locations. Designed and manufactured in Tasmania.
Available for sale $225,000+GST* or lease $950/month+GST*. Subject to terms and conditions, supply only.
*additional delivery and connection costs subject to specific site requirements.
May be eligible for up to 40% equity contribution subject to meeting criteria of the Tasmanian State Government Shared Equity Scheme
For enquiries and/or viewings contact goModdi Pty Ltd
0418 640824 | [email protected]