HomeGround Real Estate Canberra is a social enterprise of CHC, and provides professional residential property management services, with all profits reinvested back into the community. CHC is the largest not-for-profit community housing provider in the ACT and has been developing, owning and managing homes for affordable rent for over 20 years.
The Rental Affordability Challenge
HomeGround Real Estate Canberra provides a pathway for philanthropically-minded landlords to grow the supply of affordable rental homes. The need has never been greater in Canberra, now the most expensive city in Australia in which to rent a house, and the second most expensive in which to rent a unit. This has left half of the lower-income households in the private rental market in a state of housing stress.
The rental affordability challenge is only growing. Households and families are increasingly being priced out of the private rental market, with limited or no options. This is particularly the case for households comprising, for example, nurses, social workers, people with a disability, people escaping domestic violence and older single women.