Mission

Our mission is to provide affordable, secure, financially and environmentally sustainable housing for people on low incomes, primarily in the South and East of Melbourne who are committed to cooperative democracy and engagement.

Services

The services provided by SouthEast define its reality as a housing co-op. SouthEast commits to ensuring its long term capacity to continuous improvement of all services.

Members

Members own and control their co-op and this is the essential characteristic of SouthEast. The board represents the members best through its obligation to be representative, accountable and transparent.

Co-operation

SouthEast is committed to the values of cooperation, voluntary membership, democratic control, autonomy & independence, co-op education and cooperation between co-ops.

REIAThe June Quarter 2013 edition of the Adelaide Bank/REIA Housing Affordability Report showed an improvement in housing affordability with the proportion of income required to meet loan repayments decreasing 1.2 percentage points to 28.7%.

“Successive reductions in interest rates mean that housing affordability has been improving slightly for the last two years.  The proportion of family income required to meet loan repayments is now at its lowest since the June quarter of 2003”, said Damian Percy, General Manager, Adelaide Bank.

AdelaideBank“Over the June quarter of 2013, rental affordability also improved with the proportion of income required to meet rent payments decreasing 0.7 of a percentage point to 23.7%. Compared to the June quarter of 2012, the proportion of income required to meet rental payments decreased 0.8 percentage points.

“Interestingly, the proportion of family income required to meet average loan repayments in Western Australia and Tasmania is almost exactly the same as that required to meet median rental payments. This factor, combined with recent changes in concessions to first home buyers in WA could help explain the surge in first home buyer activity in these states.

“NSW retains the crown for least affordable State or Territory in which to buy a home or rent with over 34.3% of family income required to meet loan repayments, while the ACT remains the most affordable with just 16.4% of family income required for loan repayments and just 14.5% needed to rent in our nation’s capital”, concluded
Mr Percy.    

The Adelaide Bank/REIA Housing Affordability Report is available to be purchased from http://www.reia.com.au.



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Location

SouthEast Housing Co-operative Ltd
Plaza Business Centre, the Hub, Level 3,
26 to 36 McCrae St. Dandenong 3175

Telephone: 03 9706 8005

Fax: 03 9706 8558

PO Box 7141 Dandenong Victoria 3175

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